This year our annual event “KUBER MANTRA 2022″, a session on Wealth and Happiness, was organized on 12th November 2022. The blog shares insight from the wizards of the mutual fund industry on how we can GROW WITH INDIA.
Mr. Nilesh Shah (Group President & MD, Kotak AMC)
• Slow Motion to Fast Forward: What we saw in the last 30 years is likely to happen in the next 7-10 years.
India has become the 5th largest economy beating England, which has reigned for 200 years, and by 2027 India is likely to beat Germany and become the 4th largest economy, thereby beating Japan by 2030 and becoming the 3rd largest economy in the world.
• Local to Global: By 2047, in the centenary year, Amul group estimates that it should be able to achieve 18 lakhs crore from 61000 crores, i.e. almost 30 times growth in the next 25 years. This clearly depicts the growth potential of local companies.
• Fastest growing cities: According to Oxford Economics data-Among 10 cities with high GDP growth, 6 are Indian cities, i.e. Hyderabad, Mumbai, Bengaluru, Delhi, Chennai, and Kolkata. The remaining comprises Jakarta, Kuala Lumpur, Bangkok, and Ho Chi Minh.
Mr Ashok Kanawala (Head -Distribution Alliances and Product Strategy, HDFC AMC)
• While the world slows, India can grow: While the world grapples with the fear of recession, India is expected to be the fastest-growing major economy.
• India-An Oasis of Hope: Resilience amongst geopolitical uncertainty
We have witnessed the remarkable resilience of Indian equities vs peers in 2022 despite enormous geopolitical uncertainty.
India’s foreign exchange reserves stand at the 6th position in the world.
• MF Industry AUM -2032? The crowd was startled when Mr kanawala left it to the audience to guess what India’s AUM growth will be in 2032 as he explained the past trends, which showed a six times increase in 10 years, i.e. 6 lakh crore in the year 2012 from 1 lakh crore in 2002 and 36 lakh crore in 2022 from 6 lakh crore in 2012.
• Increase in SIP Inflows: SIP monthly contribution has increased three times from 4300 crores in March 2017 to 12,140 crores in March 2022
Mr Prabin Agarwal (Founder, Prabin Agarwal-Empowering Investors)
• Golden Decade Ahead: India projected to be the 3rd largest economy by 2030:
in 1990 China was the 9th largest economy; by 2000, China became the 6th largest economy; between 2010 and 2020, China continued to be the 2nd largest economy. Similarly, in 2010 India was the 9th largest economy; by 2020, it became the 6th largest, and by 2030, it is expected to become the 3rd largest economy.
• Still a Blue Ocean: Only 2% of the Indian population invests in Mutual funds, and insurance policy owners are 17 times more than unique MF investors. The opportunity is vast; invest now to get the Early Mover Advantages.
