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