Equities rally, SIPs flow in, next a rerating for AMCs
Business

Equities rally, SIPs flow in, next a rerating for AMCs

By Dan Neff

“The company warrants a structural re-rating to 31 times FY23 estimated EPS, a 27% discount to Nippon which would mean a target price of ₹1,400,” said Gaurav Jani, analyst, Centrum Broking.

Synopsis

With a 21% growth in assets under management between March and August aided by strong equity flows and improving systematic investment plans (SIP) books, asset management companies are headed for strong re-rating, say analysts.

Mumbai: With a 21% growth in assets under management between March and August aided by strong equity flows and improving systematic investment plans (SIP) books, asset management companies are headed for strong re-rating, say analysts.

Net inflow from equity funds so far in FY22 was Rs 45,000 crore, compared with a cumulative outflow of Rs 43,400 crore in FY21. Among the listed AMCs, Nippon Life has grown equity AUM by 18% between March and

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff