Fittingly so, the last year of the last decade took us on a roller coaster ride through the political, social and economic fronts - needless to say, it had a corresponding and I dare say disproportionate effect on the capital markets exacerbated by the torrent of news flow we kept grappling with.
Having said that, the investment management business managed to hold it's own during the year. Amidst all the gloom and doom, we found that the PMS industry was slowly and steadily inching ahead through the year.
To be sure, we have tried to glean some insights from the data available in the public domain. Data analyzed was for a period November 2018 to November 2019, just so that we could see the numbers stack up during the current calendar year, additional data as of January 2019 was also collated. (Top PMS providers above a Discretionary AUM of Rs 1,000 crore ranked by number of Investors - Source pmsbazaar.com) and could garner some interesting pointers: