7-8 Year back whenever there is AMC Call , I used to asked them if you guys are so bullish on our business then why your funds are not investing in capital market or AMC Companies
I was referring to listed stocks that time like BSE , CDSL , HDFC AMC , Nippon AMC , MCX , Motilal Fin
Most of them give same answer
" We own them via Banks "
Past 5 year CAGR
HDFC Bank 1% , Kotak bank 3%
BSE 108% , MCX :56% , Motilal 34% , Nippon 24%
Now HDFC Flexi cap added recently BSE , ICICI AMC , Nippon AMC. Same with many other funds.