As ABSL AMC traverses its 30th year in the industry – a journey that Bala has been a part of from day 1, he sends out this heartfelt message to all his distribution partners:
1. Thank you for your support over these decades, through good and not so good times
2. Please make full use of ABSL Privilege Club – a program that offers a host of benefits, especially when you need them the most. This is a cost to the AMC P&L he is happy to continue bearing, for the benefit of his MFD partners
3. The fund house has strengthened its investments team and is bouncing back well on performance
4. The fund house has launched a unique program to mentor next gen of MFDs – he requests all MFDs to make full use of this initiative
5. He and his team will redouble their distributor engagement efforts and request MFDs to wholeheartedly work with ABSL AMC in growing together and serving many more investors.
Equity funds bounced back well on performance in 2023 and with Harish Krishnan joining as the new equity head, we can expect further strengthening in performance and lot more quant inputs to support the existing fundamentals driven framework.
Alternates got a big push in 2023 at the fund house and will continue to be a key growth vertical, alongside the mutual fund business
Clear focus from regulator and Government is on ease of doing business – ease of investing in our case and also lowering the thresholds for investing in SIPs. With the country set to grow in the coming years, Government is keen that the fruits of this growth should be available to every Indian, howsoever small their savings capacity is. Expect a lot more developments in the direction of widening the base of MF investors through smaller ticket sizes.