ICICI Pru AMC sees ‘infinite market’ for mutual funds, ramps up alternates business

Nimesh Shah, CEO of ICICI Pru AMC, addresses concerns over SEBI’s proposed expense ratio cap, viewing it as a manageable change. He emphasizes that strong performance is crucial to counter the rise of passive funds and competition. Shah highlights the immense growth potential in converting bank depositors to investors and pinpoints the high-margin alternatives business, including commercial real estate and private equity, as a significant future growth engine for the firm.

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