Investing In Gen Next
Mr Wadhwa (right) with SEBI Chairman Mr Ajay Tyagi (left) and Mr D S Rawat, Secretary General, ASSOCHAM
Mr. Wadhwa calls himself an “incorrigible optimist.” According to him, financial markets in India are still underdeveloped and there are so many untapped opportunities out there. “It’s like going to a buffet: You have to decide how much you’re going to eat and how much you can eat.” India’s equity market turnover has increased significantly in recent years. The annual turnover value in the NSE witnessed a CAGR of 20.7 per cent between FY96 and FY17 to reach INR 50.56 lakh crore. During the month of August 2017, the mutual fund equity schemes attracted a net inflow of US$ 4.2 billion whereas the AUM touched INR 20.59 lakh crore. “At the same time there is no shortage of competition,” Mr Wadhwa says.