Bajaj Capital's Assets under Management (AUM) in 2009-10 is likely to grow more than 70 per cent due to overall growth in institutional as well as retail segments, a top company official said.
"We expect to continue the existing momentum because of our balanced business-mix which allows us to concentrate on institutional and high networth segments through our premium advisory channels," Bajaj Capital Executive Vice-President and National Head Surajit Misra told PTI here.
Bajaj Capital, which is engaged in distribution of financial products has 236 distribution points pan-India.
The company which has launched its online platform for investing in equities, mutual funds and IPOs last year, plans to add 40 more distribution points in a year.
"We want to grow our market-share in the distribution space and are committed to grow our distribution network," Misra said.
Bajaj Capital expects a good revenue from the Tier-II and Tier-III cities on the back of the global (economic) recovery.
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"Rural India throws up a bigger challenge and we want to tap the opportunity. We expect a 30 per cent growth in the retail segment in the next 6-8 months," he said.
The company expects the Indian mutual fund industry to expand from the present Rs 7,50,000 crore to 11,00,000 crore by FY12.
"India's mutual fund industry will increase from current Rs 7,50,000-crore to Rs 11,00,000-crore by FY12 on the back of a corresponding growth in both equity and debt assets," Misra said.
"The industry will grow in both equity and debt assets in the coming months and the next year will see a robust growth in total assets," he said, adding "there will be an incremental flow of money into equity in coming times."
When asked about AMFI's decision to set up a common platform for MFs, Misra said, "This will help the common investor take advantage of the best brains in fund management by investing in diversified equity funds."
"AMFI and other trade bodies must take necessary steps for investor education which would help in creating investor confidence," he added.
AMFI is planning to set up a common platform for MFs which would allow retail investors to trade, switch over and compare schemes online through a single window.