New generation fintech asset management companies (AMCs) have grown their assets under management (AUM) in the last one year swimming against the tide in a sector dominated by banks and traditional wealth management firms.
While the broader slowdown in the mutual fund industry did take out the wind from the sails in the last quarter for the likes of Groww Mutual Fund, Zerodha Fund House and Navi Mutual Fund, these fintechs grew between 10 to 50% every quarter.
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