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Madhu Nair, CEO of Union Mutual Fund, offers a bullish perspective on India’s investment landscape, highlighting the potential for Indians to generate significant inter-generational wealth through disciplined investment strategies. In an exclusive interview with Business Today, Nair underscores that while the mutual fund industry is experiencing unprecedented growth, many investors may miss out on these opportunities due to a lack of discipline.

Industry Growth and Future Projections

Over the past decade, the mutual fund industry in India has witnessed a staggering 527% increase in assets under management (AUM), soaring from Rs 9.75 lakh crore in June 2014 to Rs 61.16 lakh crore in June 2024. Nair predicts that this upward trajectory will continue, with AUM potentially reaching Rs 140-200 lakh crore in the next 7-10 years.

Nair attributes this optimistic outlook to anticipated strong money flows into equities and bonds, driven by India's growing economic prominence. He emphasizes the power of disciplined, long-term investing, likening the power of compounding to the 8th wonder of the world and the power of patient investing to the 9th.

"The next 10-15 years will be extremely positive for India," Nair says. "People can build inter-generational wealth, but many will miss out if they lack discipline. Investing wisely and holding assets for the long term is crucial."

Expansion and New Offerings

Union Mutual Fund is not only optimistic about the future but is also actively expanding its offerings. The company plans to launch portfolio management services (PMS), alternative investment funds (AIF), and explore offshore business opportunities.

On August 12, Union Mutual Fund announced the launch of its new fund offer (NFO), the Union Multi Asset Allocation Fund. Scheduled to open for subscription on August 20, 2024, and close on September 3, 2024, this fund aims to provide diversified investment solutions to meet investor goals in a dynamic market environment.

"As we prepare to launch the Union Multi Asset Allocation Fund, we aim to offer diversified investment solutions that empower our investors," Nair stated. The scheme will reopen for continuous sale and repurchase within five business days of the allotment date.

Union Mutual Fund has also reported a significant 75% increase in AUM in Delhi over the past year, reflecting robust investment strategies and strong client trust in the long-term potential of Indian markets.

Conclusion

Madhu Nair’s insights highlight the significant opportunities available in India's evolving investment landscape. With disciplined investing, individuals have the potential to build lasting wealth across generations. As Union Mutual Fund continues to expand its offerings, it remains committed to helping investors achieve their financial goals.

Disclaimer

This blog is based on information provided by Business Today. Bimacure does not hold any rights to this content. For the original article, please visit Business Today. All rights to the original content are held by Business Today.

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