Becoming asset managers of the nation8 min read . Updated: 05 Aug 2015, 07:56 PM IST
Panellists at the Mint Mutual Fund Conclave said that asset management companies have the core competence to become asset managers of the financial sector
There is an ongoing debate about whether there is a need for just one entity to manage all the assets of the financial sector. Panellists from the fund management industry who attended Mint’s annual mutual fund conclave on 31 July in Mumbai say that it is the asset management companies (AMCs) that have the core competence to do so. Leo Puri, managing director (MD), UTI Asset Management Co. Ltd; Dinesh Khara, MD and chief executive officer (CEO), SBI Funds Management Pvt. Ltd; Sundeep Sikka, president and CEO, Reliance Capital Asset Management Co. Ltd; A. Balasubramanian, CEO, Birla Sun Life Asset Management Co. Ltd; Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd; and Milind Barve, MD, HDFC Asset Management Co. Ltd, took part in a discussion moderated by Mint Money’s editor Monika Halan. Edited excerpts:
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more