Although stock-market scandals wracked the securities and mutual fund industry in India for a decade, mutual funds are now investors’ top choice, Asia Times reports.
Last year, assets in mutual funds jumped 57%, from $42.8 billion to $67.1 billion.
As a result, a number of asset management firms are looking to expand in India, including Goldman Sachs, Morgan Stanley and Nippon Life. Some estimate that the number of asset management firms in the country will expand 53%, from 30 to 46.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.