Is there space for more AMCs (asset management companies)?
I am not worried about the current 36 players. Rather, I am worried about how to grow the market. We are comfortable with new AMCs coming into the country. It will be good if they do more relevant jobs, get into the interiors and increase distribution. Let more players go to small towns and push mutual funds. AMCs should not restrict themselves to the top cities. They should see value in the hinterland. If more players come, trust me, ICICI will also grow. Mutual funds will be promoted more and we will grow automatically with them. The industry may see consolidation as some AMCs are finding it tough to remain in the business. Will you be interested in a deal? It is a question of price and the quality of the asset. We are always open to taking over at the right price. I have got a brand that can raise money. We are sufficiently big in the money market business and in the debt market. So, I will look at anything which compliments me and is available at the right price. How long can you s
