PMS has potential to grow at over 20% CAGR as India's investment universe expands: SEBI Chairman
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SEBI Chairman Tuhin Kanta Pandey said Portfolio Management Services could grow at over 20% CAGR as India’s investment universe expands.
- ✓Speaking on September 30, he noted that PMS serves a niche clientele.
- ✓"Your industry has to find that niche and communicate it well," he said, urging firms to build investor trust.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Portfolio management services (PMS) could potentially grow at more than 20% CAGR as India's investment universe expands, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said at the Association of Portfolio Managers in India's (APMI) third annual investor conference on September 30. "Most of the components of the investing universe in India have been talking about over 15% CAGR. In fact, PMS can go over 20%," Pandey said. He did not frame the figure as a formal growth projection, but pointed to the broader potential for India's investment products as wealth and participation deepen.
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