The Indian investing public is slowly coming around to handing over its investment decisions to skilled money managers, Prateek Agrawal, Business Head and Chief Investment Officer, ASK Investment Managers, told BusinessLine in an interview, commenting on the growth and potential that still awaits the industry as a whole. Excerpts:
How has 2016 been for the money managing industry?
Indian investors have come around to the view that third-party money managers are doing a better job versus them investing directly. Hence, across the industry, we have seen strong flows both in the mutual fund side and the PMS (portfolio management services) side. Business has been strong for us.
