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Our funds will target wider audience
Financial Express Kochi
|May 29, 2025
South Africa's largest asset manager, $80-billion Sanlam Group, picked up a 23% stake in Shriram AMC for ₹105 crore on Tuesday to become a co-promoter.
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Kartik Jain, MD & CEO, Shriram AMC, which has assets of ₹1,050 crore, tells Nesil Staney that the focus of the fund house will continue to be on first-time mutual fund investors and underserved communities. Excerpts:
How will the AMC utilise the money that has been raised?
It will primarily be used to support working capital requirements and business expansion. We will strengthen our core areas—investment management, product development and talent acquisition.
Why Sanlam?
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