India’s PMS Industry AUM Grows 2% to Rs 44 Lakh Crore
· Business · Economic Times, Times of India, Indian Express
India’s Portfolio Management Services industry reached an AUM of Rs 44.11 lakh crore in July, marking a 2% monthly increase. The client base also expanded by 1.3% to reach approximately 2.23 lakh accounts. Year-on-year growth for both assets and clients stood at 11%, with the discretionary segment accounting for the majority of the market. The industry added 1,226 individual and 181 non-individual distributors during the month, bringing the total distribution network to 24,794. Co-investment services led the growth among categories with a 10.2% monthly rise.
Why it matters
The continued expansion of the PMS sector signals strong domestic investor appetite and a growing distribution network for high-net-worth financial products in India.
Read the original report — Economic Times
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