“There are 4 pillars of retirement income namely, social security, employment-based plans, personal retirement assets and family / social structure. Social security in India is not as developed or as widespread as the ones in advanced countries. Only people working in the organized sector and for the government are eligible for employment-based pension plans,” says Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.
Why India’s AMC business could be entering a long growth phase? Aditya Kondawar explains
ICICI Prudential AMC’s listing sparks debate on valuation premiums over HDFC AMC, with both managing similar assets. While ICICI Prudential shows stronger operating profits due