When one starts any business, one thinks this is one more business around mutual fund distribution that one can go after. We do not go after the retail space in the private wealth business. We started investing aggressively in technology five years back because our core wealth management business is also fairly standardised. One business is a digital wealth management business where we attempted to deliver pretty much end to end wealth management solutions through our digital channel. Transactions have gone online and a lot of stuff happening around technology has really helped build scalability in the business.

Source: Economic Times December 01, 2021 02:20 UTC