Investor Presentaiton

Industry Growth Drivers Increasing Penetration of Mutual Fund Market in India Increase in HNI population in India ANANDRATHI Private Wealth. uncomplicated Assets managed by the Indian mutual fund industry (Rs. Trillion) +20% 39 Penetration of MF Industry (India V/S Others Economies) 140% ✓ In the past three decades, per capita incomes have multiplied ✓ Strong underlying economic expansion along with significant growth per capita income will drive the pace of wealth creation in India where investment towards financial savings is gradually increasing with increase in GDP 32 32 84% 63% I 16% I Mar-21 Mar-22 India I I United States Brazil Global Average Growth of HNIs in India 352 3,30,400 135 1,46,600 62,000 45 ✓ Further, India accounts for less than 2% of the global mutual fund industry, representing a significant growth opportunity. 2010-11 2015-16 2021-22E 2010-11 2015-16 2021-22E I L L Assets (Rs. Trillion) Number of UHNIS ✓ The wealth management market (assets under advisory) in India: • About 21.77 trillion in July 2021, which is only approx. 9% of the country's GDP v/s 60% to 75% of GDP in established markets which signifies immense growth opportunities for the sector HNIs in India are inclining towards 'objective-driven approach' to investing to generate higher returns with reduced risk Source: CART Industry Report 15

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