Mutual funds’ penetration stays extraordinarily low within the nation regardless of sturdy progress up to now decade, HDFC Asset Administration Firm chief Navneet Munot stated on Monday.
Addressing shareholders of the corporate, Munot stated the financial system ought to come again to a gentle restoration path with the COVID-19 curve displaying indicators of flattening and the nationwide vaccination drive gathering steam.
“The markets are clearly exhibiting confidence, signaling higher occasions forward. Our individuals are nicely geared up with prime class digital infrastructure to perform seamlessly,” he added.
As India continues on its progress journey, the fund home aspires to be a wealth creator for each Indian, with an audacious imaginative and prescient to be probably the most revered asset supervisor on this planet, he added.
“At HDFC AMC, we’re nicely positioned to capitalize on the alternatives with pedigree, individuals, processes, merchandise, efficiency, presence, partnerships, and platform,” the MD and CEO of HDFC AMC stated.
Within the subsequent few quarters, the asset administration firm plans to broaden its fairness product portfolio to cowl sector/particular themes, worldwide markets, and passive methods.
Stressing on HDFC AMC’s fiduciary obligation to its prospects, Munot stated transparency and good governance are the important thing pillars in upholding the best requirements of fiduciary obligations.