Total Addressable Market is growing at duble digit CAGR
Moreover the mutual fund penetration is low compared to global average.
Overall revenue from operations is growing at CAGR 11%
- Wealth management segment growing at 5.5% while Asset Management is growing at faster pace at 38%
- Asset Management’s revenue contribution has gone up from 12% to 29% since FY 19
- This is good because Revenue Per AUM of Asset Management business has gone up from 0.75% to 0.8%
- However, Revenue Per AUM of Wealth Management has gone down from 1.05% to 0.7%
Product Mix is changing for the better
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