Investors seek capital protection and growth. It's a tough call to balance the two. This AMC's corporate mission and philosophy is to help business and people meet their financial goals by providing quality investment. “Having thoroughly understood the needs of our investors, we provide investors with a disciplined investment approach that takes acceptable risks, whilst attempting to minimize volatility in the portfolio,” says Rajan Ghotgalkar, Country Head, India and Managing Director, Asset Management Company, Principal Mutual Funds.
Disappointing AUM growth: It may not be appropriate to link any disappointing AUM growth to the distribution business. We believe that business and regulatory environment has shifted attention from top line to bottom line growth.
Regulatory changes: Investors stand to benefit from the measures undertaken. I concede that the changes, especially the removal of entry load has made client acquisition less attractive for IFAs. Aware investors have the choice to invest directly or through distributors based on the services they seek.
The road ahead: We are working towards adapting our business model to respond to the changing business environment. We also plan to introduce new innovative products such as a smart asset allocation fund, a gold fund and a capital protection oriented fund to supplement our current product offerings.
This article was originally published on November 03, 2010.
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