Statsguru: Six charts explain odds are against new mutual fund players

The increased interest is no surprise, given the number of investors. Despite lower growth rates than before, the total number of investor accounts is nearing 150 million

Competition is expected to intensify in the mutual fund industry with the entry of several new players.
 

Brokerage disruptor Zerodha filed documents for launching schemes last week. Financial technology startup Groww got approval for an index fund. Star fund manager Kenneth Andrade’s Old Bridge Capital got a mutual fund licence. He joins Helios Capital Asset Management’s Samir Arora, who also has a track record of beating the market, and got a licence in August. All of them will have to contend with the Reliance group’s tie-up with global asset manager BlackRock to launch its own venture under Jio Financial Services,