Is There a Mature Mutual Fund Industry?

The wealth management industry and the mutual fund distributor industry is far evolved compared to 15, 20 years ago. These things started changing post or obviously they've been ever changing but really picked up momentum and scale. I think both of them apart from the many other developments they become very meritocratic. So if you have track record and if there is a perceived ability to deliver performance then people are very happy to engage.

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