GVSR - BFSI- Wealth Management Theme Theme

• The Indian Mutual Fund Industry has grown by more than 5.62 times in the past 10 years - during the period 2013-2023, recording a CAGR of about 18.85 % per annum.

• India has recorded about 144 million MF folios as on Feb, 2023 and it covers just about 3-4% of the Indian population. MF penetration is likely to grow in double digits for the foreseeable future.

• The MF AuM to GDP ratio is about 11% in India as against world average of about 55%, which reflects the potential for Indian MF AuM to rise gradually, driven largely by changing preferences of the Youth (65% of India's population is below 35 years age) towards financial assets such as MFs in the decades to come.

• With potential rise in per capita incomes, Indian MF industry is likely to provide significant growth opportunities on a longer term basis, for select Wealth Management Cos. operating in India

Note: Being a thematic smallcase, this smallcase is likely to have fewer stocks/ETFs. Suggested (not mandatory - completely discretionary in your hands) amount of investment is of the order of Rs. 1.00 Lakh. It can be higher or lower based on individual's investible surplus, risk appetite , risk capacity, risk profile, asset allocation framework etc. This is a research recommendation in that sense. Conditions apply.