‘People Won’t Talk About Losses In Cryptos, They Will Quietly Shift To MFs’

Though Aditya Birla Sun Life Asset Management Company Limited is perceived as a debt-oriented fund house, it has delivered decent performance in the equity and hybrid spaces, too. A. Balasubramanian, chairman of Association of Mutual Funds in India (Amfi), and managing director and chief executive officer of Aditya Birla Sun Life AMC spoke to Outlook Money about where the industry is headed, whether cryptocurrencies can dent the popularity of mutual funds or not, and discussed the fixed-income return scenario at present The mutual fund industry has come a long way. What’s next? The industry has done quite well to reach where we are today—the industry size crossed Rs 37 lakh crore in May 2022, and the unique customer base reached around 35 million. The industry will only add more customers going forward. Millennials who have started coming to the equity market in the last few...