With investors looking at options beyond the traditional investment routes for higher risk-adjusted returns, assets under management of the portfolio management industry rose nearly 17 per cent in the last one year to Rs 25.4 lakh crore at July-end.
Going ahead, the trend looks positive for the ongoing fiscal year with Portfolio Management Services (PMSs) getting acceptability by a wider customer segment, including retail, industry experts said.
Assets Under Management (AUM) of the portfolio management industry rose to Rs 25.4 lakh crore at the end of July 2022 from Rs 21.77 lakh crore at the end of July last year, translating into a growth of 17 per cent, latest with markets regulator Securities and Exchange Board of India (Sebi) showed.
The asset base was Rs 24.8 lakh crore at the end of June this year.
Of the total AUM, Rs 18.6 lakh crore are contributed by funds from EPFO or PFs.
As of July 2022, there were 1.45 lakh clients in the portfolio management industry, of which 1.36
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