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His key involvements focus around campaigns to save tigers and to highlight the connection between human rights, biodiversity conservation, deforestation, ecosystem values and climate change. I think reasons for them exiting India are very different. Those days, fund management was very slow, size was small. That could be a reason for them to exit. They thought that the industry is not going to grow. There were various restrictions and concerns from the compliance point of view within India and the US.
But today, the constraints are comparatively less. They foreign fund houses may want to come back to India now. But the question remains whether they have the appetite to go into the retail business and talk to retail investors and Indian institutional investors. They are known to work with institutions… like BlackRock is known to work with large institutions like sovereign money, pension funds and insurance companies.
I am very happy if it market remains bullish. But sometimes it might have some impact due to external factors … political factors, geopolitical reason, trade wars reasons, foreign selling could affect us.
When the industry grows, economy also grows. Luckily, the MF industry has grown and in the last year, lot of money has gone out also but Indian investors were buying and they were proved right. I think the market is reasonably priced.
We will be family owned but professionally managed. That is our objective. We want to expand, digitalise and increase our online presence. We want to bring in new products.
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