Any cyclical downturn impacts revenues temporarily, says Anand Rathi

'Wealth creation on the ground is clearly visible,' says chairman of company that has an Rs 660-crore IPO

Anand Rathi Wealth will become only the second pure-play wealth management firm to be listed (IIFL Wealth Management being the other). The company’s Rs 660-crore initial public offering (IPO), which closes on Monday, has so far seen three times subscription. Anand Rathi, chairman of Anand Rathi Wealth, talks to Sundar Sethuraman about key aspects of the business. Here are edited excerpts from an interview.

Anand Rathi Wealth has assets under management(AUM) of Rs 29,470 crore. How do you plan to increase the AUM?
 

Historically, we have made yields of around 1.3 percent on the AUM. Increase in AUM is a