Indian Wealth Management Forum 2019 - Highlights - G Pradeepkumar

G Pradeepkumar

Chief Executive Officer

Union Asset Management

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  • 1. What are the challenges and opportunities for this industry?

    The market offers excellent opportunities for asset managers as of today. First of all, it's hugely under-penetrated, as of today, so there is a lot of scope for reaching out to new investors, particularly in some of the smaller towns and cities, so that's a great opportunity. As far as challenges are concerned, I would say that that itself is a challenge as well, because India is a geographically worse country: different cultures, different languages, so reaching out is not all that easy. If we can manage or put in place a distribution mechanism and a model which will allow you to reach out to a larger number of investors, I think the market offers tremendous opportunities.