Growth in Indian MFs among fastest in world

Led by a rising equity market and matching investor interest, growth of the Indian mutual funds industry, which recently crossed the Rs 350,000-crore mark, is among the fastest in the world.
Data released in a recent report shows that during calendar year 2006, the industry’s growth at 43.6 per cent made it the world’s eight-fastest. Sandwiched between the UK (43.8 per cent) and Ireland (40.5 per cent), India is way below Russia’s 134.1 per cent but above Brazil’s 38.2 per cent.

Story in The Indian Express, May 09, 2007

Here’s what Rs 50 can buy

Pankaj Razdan is not a man you link with the poor, or even non-rich. Razdan represents the under-40, highly-ambitious, highly-aggressive breed of new managers who are attempting to change the financial services landscape of India. As CEO of ICICI Prudential Mutual Fund, India’s second largest asset management company (AMC), Razdan’s track record of growth and customers has been anything but poor — institutional, corporate and high net worth clients remained the centre of attention; at best, the fund targeted the growing arena of middle- and upper-middle class.

Opinion in The Indian Express, May 01, 2007