AMC staffers set for bonus boost as industry manages to grow asset base

Asset management companies (AMCs) are likely to pay 20-30 per cent of annual salaries as bonuses to their employees for FY21, with the industry managing to grow its asset base despite the pandemic and the wobble in the stock market in the early part of the year.   The industry's assets under management (AUM) rose 41 per cent in FY21 to ~31.4 trillion, the data shows. Revenue, however, may have been impacted owing to lower retail participation in debt schemes, tapering of equity flows, and the spate of regulatory changes, experts said.   “The sharp rebound in the equity .....

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