저자: Nepas및Utalet—소속TrustGroup · 외국인
요약 보기
Trust Group은 25년 전 Nepas가 설립한 채권·자산운용 회사로, 채권 자문과 PMS·증권 사업을 거쳐 뮤추얼펀드를 첫 리테일 상품으로 출시했다. 운용자산은 약 3,000억 원대에서 현재 약 4,000억 원에 가깝다. 인도 뮤추얼펀드 업계 AUM은 75 lakh cr 수준이며 신규 AMC 진입이 늘고 있다. 시장은 확장 중이지만 운용사 간 경쟁은 어렵고 인내와 자본이 필요하다는 취지다.
다듬은 글
Just for the benefit of our audience, it might you know make sense for you to introduce trust because this is the same question I'd asked you when you were first on our show. Maybe that'll give us a lead into why we're talking about debt fund first and of course we we will go to e equity after that.
Tell us about trust. So trust group was uh founded by Nepaset uh 25 years back. We are going to celebrate our 25 years in Feb 26. Uh, Nepas is a rank holding chartered accountant uh who started with a very small debt distribution company then became acquired a debt capital market license on merchant banking then debt broking debt PMS and we have done some fantastic deals in terms of um debt syndication for companies who want to raise money both in the private and you know state governments uh uh sector
in the last 2 three years I think we have won all kinds of awards in terms of recognition in terms of ranking sustainable bond best bond advisor best bond deal so that has been an institutional framework for trust group so far uh we also have uh some companies like wealth management company called trust plutus trust securities the mutual fund for is the first foray into a retail product our mentor uh Nepal's uh husband Utalet is a legendary investor in his own right in public and private equities.
He has had a fantastic past as an investment banker, analyst, fund manager. He was a CEO of rare enterprises for more than 20 years. He part he was a partner senior partner with Rakkesh Junju Walaji and uh it's very rare to have a combination of promoters both of whom are on our board who have actually hands-on experience of investing large amount of money both in equity and in fixed income.
Yeah. So that way we are fairly blessed I would say to have you know very intelligent and uh wise uh promoters right now trust group I would say that the in the future of trust group if you ask me I think the mutual fund is going to be uh the main uh you know driving force where because the market itself is growing by a tremendous uh speed.
It is it is and the acceptance of mutual funds with retail is you know ever increasing SIPs have been increasing geographical reach digital penetration has been increasing acceptance has gone and we have been fairly well accepted by the markets although it was our first product uh so I think uh that's where the trust group is
and yeah you know um you've got strong promoters and that is a competitive edge so how is on the mutual fund said I last I checked you were at 3,000 cr plus aums we are close to 4,000 now close to 4,000 now so how [snorts] has it been you know entering into a segment where the big giants were there well established how's how's that journey been so far
you know the good thing is that um the mutual fund industry we have just I'm on the M board also so we have just given our approval for the 50th mutual fund for the 50th AMC and I think at least 15 20 more AMC's are on the pipeline okay a lot of people who have found success in uh PMS business or AF business and now converting themselves stepping in.
I think the 75 lakh cr you know is kind of a magic number and everybody feels that this number is only going to increase [snorts] and a lot of you know foreign companies who had left the Indian shores are now trying to come back. So I think this number of AMCs was going to increase. There are some which are more passive oriented, some which are more digital oriented, some who might go only into SIFS.
And the beauty is the market is expanding. It is and it is accepting and gone are the days when you thought that okay I'm going to invest in only a large brand because there have been successes in the recent history where fund managers or the AMC's have generated returns consistently. Yes. And those names were not household names in India.
So people have understood that okay it need not be that the most familiar name generates returns for me. So there some allocation can be given to a new fund house. The other thing is that one has understood by experience that maybe it'll be 5% down or 10% up because markets are volatile. But it is not that it's not a chit fund where money is going to disappear.
No promoter is going to run away with your money which has also led to a lot of new promoters coming into this field. At the same time, it's a difficult market. It is not an easy game to play. People require lot of patience, lot of tenacity, lot of deep pockets, good set of fund managers and mutual fund professionals.
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