Indian Wealth Management Forum 2019 - Exclusive Insights - G Pradeepkumar
Chief Executive Officer
Union Asset Management
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The wealthy Indians, particularly the high net worth individuals, have been increasingly investing in mutual funds, and that's a trend we have seen over the last 10 years. A lot of their new money is also going into equities compared to the fixed income or the other asset classes. So, more equity money and more mutual funds, and they're also investing more into the PMS segment, portfolio management services. So, I think it augurs well for the asset management industry that the wealthy people, the HNIs, are increasingly investing with mutual funds and PMS.