Broker-backed AMCs look to get more of retail investor inflow

Broker-backed asset management companies (AMCs) are widening their reach with banking tie-ups, more branches and sales presence, for more inflow from retail investors. Retail participation in the mutual fund sector has been growing. Retail assets are now a fourth of funds’ assets under management (AUM) —Rs 5.3 trillion worth at end-March, 33 per cent higher than the previous year. Typically, banks enter into tie-ups with AMCs when they have a longer track record. Motilal Oswal AMC, incorporated in 2008, is in the process of entering into such a tie-up with Citibank. .....

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