According to the report given By Mr. Debasish Mallick the Managing Director and Chief Executive Officer of IDBI, the company has planned to expand its network and also offer new products to attract the customers in order to attain growth in the business.
The IDBI asset management company has Rs 5000 crore assets under its management and has six products under its portfolio. It has now planned to launch four more products in two segments namely debt and equity by the end of this fiscal.
Mr. Mallick added that the company has to offer more new products so that it will reach all customers and in turn the network will also expands. He said that it will also help them to get deeper into the market.
IDBI is going to launch gold exchange trade in forthcoming days, additionally the company is also finding out the possibilities to introduce new product the infrastructure debt fund.
Mr. Mallick said that they have already gained some experience in the infrastructure sector so it will be easy for IDBI to launch the product in that sector. He said that the company has got support from the IDBI sponsors who are already financing in the infrastructure sector.