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    World of mutual funds: Can the latest entrants change the game?

    Going ahead, use of technology, digital distribution and “unique-but-simple” products would determine the growth of Indian asset managers.

    Synopsis

    Many in the Indian asset management industry predicted Mirae would shut shop soon after. The Koreans did shut its swanky offices, including the one in Chennai, which had a boardroom that seated 52 executives, but they did not leave.

    Northern Rock, the British bank, was witnessing a debilitating run on its deposits. Soon after, Carlyle Group was getting margin calls on its mortgage bond fund, while Bear Stearns, the global investment behemoth, booked a mammoth pile of bad loans that sent shivers in capital markets the world over. Doomsday conspiracies ran rife in early 2008, but the pundits in pinstripes eventually called it a global financial crisis. Thousands of kilometres
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    The Economic Times