AMCs may offer 20-30% bonus to staff for FY21, assets grow amid pandemic

Revenues, however, may get impacted due to lower retail participation in debt schemes, tapering equity flows and spate of regulatory changes

Topics
Mutual Funds | mutual funds assets | Bonus payouts

Ashley Coutinho  |  Mumbai 

Asset management companies (AMCs) are likely to pay 20-30 per cent of annual salaries as bonuses to its employees this year, with the industry managing to grow its asset base despite the pandemic and the wobble in the stock market in the early part of the year.

The industry's assets under management (AUM) rose 41 per cent in fiscal 2021 to Rs 31.4 trillion, data shows. Revenues, however, may get impacted owing to lower retail participation in debt schemes, tapering of equity flows and the spate of regulatory changes, experts said. "The sharp rebound in the equity market ...

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First Published: Wed, May 05 2021. 17:34 IST
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