With new players at the gates, AMCs to see stiff competition in MF space

The competition in the Rs 30-trillion domestic mutual fund (MF) space is set to intensify with several new players submitting applications with market regulator Securities and Exchange Board of India (Sebi) for an MF licence. Among the latest applicants are Helios Capital, led by popular Singapore-based fund manager Samir Arora, Alchemy Capital, co-founded by Hiren Ved and Rakesh Jhunjhunwala, Unifi Capital, a two-decade-old portfolio management firm, and Wizemarkets Analytics, promoted by Deepak Shenoy of portfolio management firm CapitalMind. Wizemarkets had applied for an MF licence i.....

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