The CII-PwC Report titled, ‘Indian Mutual Fund Industry: Challenging the Status Quo – Setting the Growth Plan’ released at the decade edition of the ‘CII Mutual Fund Summit 2014’ on 26 June 2014 in Mumbai, discusses how the industry can challenge itself and draw perspectives from other markets and industries to reach the next level of growth. The report states that the asset management industry is poised for significant expansion and that the asset under management (AuM) will rise to around $101.7 trillion by 2020 from a 2012 total of $63.9 trillion. It is also brought out that assets under management in South America, Asia, Africa and Middle East economies are set to grow faster than in the developed world in the years leading up to 2020, creating new pools of assets that can potentially be tapped by the Asset Management industry.
Key highlights of the report cover: The global perspective; Taking stock; The status quo; Regulatory updates; Conclusion.