While the situation in the domestic market is just about improving, many central banks in emerging as well as developed nations have hinted or already taken actions to normalize the monetary policy.
The initial public offering of Aditya Birla Sun Life Asset Management Company is expected to launch in the last week of September, said investment bankers. The country s fourth-largest mutual fund with assets under management of ₹2.
The asset manager, which manages assets worth more than Rs 5 lakh crore, is concerned over the prospects of returns from the Indian equities going ahead, because of the euphoria on display in the primary market and among retail investors.