THE DEMAND FOR big-ticket investment options, such as portfolio management services (PMS) or alternative investment funds (AIFS), has grown with the rising number of high net-worth individuals (HNIS). In conversation with Business Today, 53-year-old Vikaas M. Sachdeva, Managing Director of Sundaram Alternates, talks about where the domestic alternative investment industry is headed. Edited excerpts:
With India seeing a manifold rise in HNIs, how do you see the investment landscape for the PMS industry?
As India's per capita GDP crossed the tipping point of $2,000 in 2020, discretionary spending has seen a major shift and is expected to increase manifold. Quite like what has happened in the rest of the world, as the number of wealthy individuals grow in India, there has been a change in how they invest. Investors are more inclined towards investing in unlisted equity, alternatives, and international assets. This is completely in line with the global alternative assets industry, which is set to reach $24.5 trillion by CY2028 compared to $16 trillion in CY2023.
In the realm of alternative investments, which asset classes can gain prominence over the next three to five years?
Significant momentum has been seen over the past seven years with PMS growing at 20% CAGR, [and] category (CAT) II and CAT III AIFs seeing a CAGR of 55% and 44%, respectively. The Indian alternatives industry overall is expected to grow over 3x in the next five years.
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 28, 2024 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce