"We should be able to do better than the industry. We should be growing over 20 per cent even though the industry is expected to grow by about 15-20 per cent this fiscal," Anand Shah, Deputy CEO and Chief Investment Officer, BNP Paribas Asset Management India said here.
Company's total average assets under management (AUM) currently stands at Rs 5,977 crore.
"We are seeing that the investment trend is moving towards financial savings from physical assets earlier. After demonetisation bank deposit rates have come off and that makes it much attractive," Shah said.
People are now looking for avenues where there is little bit of risk but rate of returns are high, he added.
The company has announced the launch of BNP Paribas Balanced Fund, an open ended fund aimed at long term investors.
The product launch is part of company's plan to diversify its portfolio mix.
It would have about 30-60 per cent exposure in equity and equity related instruments, 5-10 per cent in equity arbitrage and 30-60 per cent in debt, money market instruments and liquid funds.
"We aim to have a portfolio construct with a large cap bias and targeted small and mid-caps exposure. This strategy for this fund could be considered by conservative investors seeking limited exposure to equities," Kartikraj Lakshmanan, Senior Equities Fund Manager, BNP Paribas Mutual Fund said.
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