Bank and financial institution backed fund houses have gained market share in the fixed income space, showing both retail as well as institutional investors are more comfortable with them in the fixed income space. SBI, HDFC, ICICI NSE 1.68 %, Axis, Kotak and IDFC have gained market share at the expense of non bank based AMCs like Aditya Birla Sunlife, Nippon and UTI AMC in the period March 2018 – September 2020.
Nine big financial changes that you must watch out for in October
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