
He highlighted the significant rise in new SIPs, with over 54 lakh new SIPs being opened in December 2024 alone, signalling an increase in retail participation.
Mathur believes this initiative will not only encourage more investors from tier-three cities but will also contribute to the overall increase in assets under management (AUM) across the country.
The mutual fund industry’s growth will continue as long as there is support from net inflows.
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KFin Technologies is expanding its global footprint through a key partnership with BlackRock’s Aladdin platform. The collaboration, which materialised in December 2024, positions KFin as a backend service provider to Aladdin’s $12 trillion worth of assets under management (AUM) across 110 global fund managers.
While BlackRock’s Aladdin serves as a frontend platform, KFin will provide vital backend support, offering services like fund accounting and analytics at an affordable cost compared to other providers.
This partnership aligns with KFin’s strategy to grow its international business, aiming to offer cost-effective backend solutions to fund managers worldwide.
Mathur noted that more details regarding the go-to-market strategy will be revealed in the January-March 2025 quarter, signalling further developments in KFin’s global expansion.
The company reported a 34.9% year-on-year (YoY) surge in net profit at ₹90 crore for the third quarter that ended December 31, 2024.
KFin Technologies, which has a current market capitalisation of ₹ 20,046.94 crore, has seen its shares gain more than 114% over the last year.
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