PM Modi's U.S. Visit: Bullish On India, Asset Managers See Billions Of Dollars Flowing In

During the event, organised by Institutional Investor Forums, several fund managers said that many of India’s largest asset management firms are emerging as global players, and a few are beginning to look toward Europe and North America with a keen eye on the huge pools of assets there.

They also discussed what the future of India’s internal asset management industry would look like, and what role foreign asset managers will play in the development of this vital sector.

Naganath Sundaresan, CEO of DSP BlackRock Investment Managers Ltd, said that investors need to take a long-term view on India.

“I am pretty bullish that the Indian asset management industry will grow manifold in the long-term of about 10-15 years,” he said.

Sunil Singhania, Chief Investment Officer (Equity) at Reliance Capital Asset Management, said that the potential remains immense for Indian fund houses and the flow of funds remain strong.

He said that India has always shown that it can come back very strongly after every bad phase and “we are seeing a robust growth trajectory going ahead”.

George Hoguet, Managing Director and Senior Portfolio Manager and Global Investment Strategist at State Street Global Advisors, said that India’s share in global economy is certainly going to increase and the institutional investors must make big strategic allocations to benefit from this market.

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