Its IPO last October made Reliance Nippon Life Asset Management the first asset management company (AMC) to list on the Indian bourses. Sundeep Sikka, ED and CEO of the company, shares his thoughts about the potential and changing dynamics of the mutual fund industry.
Edited excerpts:
What changes do you expect to take place with asset management companies getting listed?
Until now, the industry has been focusing more on the top line. Many of the deals in the mutual fund industry used to happen only on the basis of the multiple of AUMs (assets under management). So, many AMCs used to keep building up their AUMs even if they were bleeding at the bottomline level.
