From 1st July 2021, it will be mandatory for key employees of Asset Management Companies (AMCs) to get a fifth of their compensation in the form of Mutual Fund units.In a circular issued by the Securities and Exchange Board of India (SEBI) on 28th April 2021, minimum 20% of salary of these personnel will be paid in the form of units of those schemes in which they have oversight.
The agriculture sector in India is one of the few sectors that has registered a positive growth during the pandemic.
Despite the initial supply chain disruptions, the industry was quick to bounce back.
A large part of this resilience can be attributed to the innovation by new age tech companies that have quickly stepped in to address the gaps in the distribution channels.
The growth of the Agri-Tech sector has been outpacing the growth of the agriculture sector itself and is expected to grow to over US$ 25 Bn over the next few years.
Interest from large and well established players from the retail and e-commerce segment in 2020 is a theme that is likely to continue to play out in the future.
Some initial themes including E-commerce and Grocery are likely to serve as drivers for the Agri-Tech industry.
As we try to de-code other themes and segments that are emerging as pottential growth drivers, it may be useful to take stock of the industry as it stands today and how the pandemic has affected forms operating in the space.
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Curated in collaboration with: Asif Yahiya Sukri
Born to a middle-class family in Chattisgarh, Raamdeo Agrawal moved to Mumbai to pursue his higher studies.
During his stay in the Rajasthan Vidyarthi Griha Hostel in Mumbai he met his future business partner Mr. Motilal Oswal.
Bound by their common interest of the stock markets they started out as Sub-brokers in the Bombay Stock Exchange in 1987.
In a matter of 3 years they quickly became full time brokers and started investing their own money.
After growing their broking business to become one of the biggest and most well known in the market, they launched their Investment Banking, Private Equity and Wealth Management businesses 2006.
They went public in 2007 and forayed into the mutual fund business in 2010.
Finally, in 2013 they launched their Housing Finance division under the name Aspire Home Finance Corporation (Now known as Motilal Oswal Home Finance).
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