Prudent is the third largest MF distributor after NJ India and ICICI Securities among the non-banks with a closing MF AUM of Rs 49,473 crore as of March end
CAMS enjoys a very strong position in the mutual funds industry. The sheer volume handled by CAMS more than off-sets the weakness on pricing front justifying its premium valuation. After the recent rally, CAMS is trading at rich valuation of 43 times FY23 estimated earnings. Watch this video to find out if you should add this stock to your portfolio.
Given the robust return ratios and CAMS’ vantage positioning, the premium valuation will sustain
Citigroup Inc will sell a USD 1.7 billion portfolio of private equity assets to European buyout firm AXA Private Equity as part of a strategy to clean up its books in the aftermath of the financial crisis, says a media report.
Garry Evans, Global Head of Strategy of HSBC feels it is too early to say whether or not Indian markets have bottomed. HSBC remains underweight on India at the moment, he informs.