Strong earnings visibility, asset-light business model, high operating leverage, and strong cash flows make Prudent a unique proposition available at an attractive valuation
Prudent Corporate Advisory is the second largest MF distributor after NJ India among the non-banks in terms of commission earned in FY22
The asset-light business model with annuity kind of revenue stream, high operating leverage, and strong cash flows make Prudent a unique proposition
Recurring revenue gives visibility and management guidance is positive; attractive valuations make them good long-term bets
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
Prudent is the third largest MF distributor after NJ India and ICICI Securities among the non-banks with an average AUM of Rs 48,411 crore as of end December ’21
BSE’s robust earnings in the third quarter of FY22 (Q3 FY22) reflects the continued buoyancy in capital markets
Business of IIFL Wealth on a sustained growth path; earnings likely to be strong, going forward
Anand Rathi Wealth is among the top 5 non-bank mutual fund distributors in India in terms of gross commission earned in FY21
At the current market price, ICICI securities is trading at a 20% valuation discount to Angel Broking. This indicates that market is considering ICICI securities as just a broker and assigning no value to its large and profitable distribution franchise. Among new-age brokers, Angel has seen exponential growth in profits in recent years. Its quarterly profit has increased from mere Rs 6 crore in Q1FY20 to Rs 48 crore in Q1 FY21 and improved further to Rs 121 crore in Q1 FY22. Find out which stock MC Pro is betting on
The outbreak of the pandemic has brought about a significant change in the pecking order in the broking industry
At Moneycontrol Pro, we believe the best way to play wealth space is through a pure-play wealth manager. Therefore, IIFL Wealth can offer an exciting opportunity as an investment bet. Find out more in this video.
Despite a stellar performance, ICICI Securities' stock has underperformed in the past one year
ICICI Securities is a single play on three trends — rising digitisation, soaring market capitalisation and increasing financialisation of savings
Sectoral tailwinds add to the stock’s attractiveness in the near term
The yield on mutual fund distribution is higher than the brokerage business, and Investors, prefer mutual funds more than direct investments into the market, said Satish Menon, Executive Director, Geojit BNP Paribas.
As the focus for distribution of retail financial products shifts from commission-based to fee-based advisory, it is important for clients to understand the value of advisory and differentiate between financial advisers and mere product pushers.