Wealthy investors seem to have more faith in portfolio managers or advisory services as the assets under management of such entities touched Rs 10.24 lakh crore in the Indian capital market at January-end.
Assets base of portfolio managers, who mostly manage investments or provide advisory services to High Networth Individuals (HNIs), stood at Rs 8.95 lakh crore in January 2015.
According to Securities and Exchange Board of India, Assets Under Management (AUM) of portfolio managers was at Rs 10.24 lakh crore at the end of January as against Rs 10.41 lakh crore in the preceding month.
Click here to read more>>
