Canara Robeco AMC will grow at 40% annually for the next 5 years and the mutual fund house is not averse to growing bigger through an acquisition, said Kiyoshi Habiro, chief executive of Orix Corporation, the promoter of Robeco. The AMC on Thursday listed with 5% premium on the NSE at Rs 280, compared to the IPO issue price of Rs 266.

Habiro said mutual fund regulations in India are very sensible and the country is one of the world’s best growth markets for mutual funds. “Hong Kong and China are seeing also seeing big growth in mutual funds,” he said in an interaction with FE.

The AMC’s share price jumped 12% intraday, up 18% from the IPO price. Orix acquired the Netherlands-based AMC, Robeco Groep NV, in 2013. The money raised through IPO will be used for expansion of operations, Ha

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