Indian AMCs Surge on Pooled Fund Proposal

  Published 9 months ago

Indian AMCs rise on regulator proposal allowing pooled fund management. HDFC and UTI lead with 2.5%-2.4% gains.

  • Antique Stock Broking initiates 'buy' on AMCs, citing 15% annual growth for India's mutual fund industry.
  • All four AMCs average 'buy' rating (LSEG data): HDFA is up 22% YTD, and NIPF is up 7.4%.
  • ADIE and UTIA lag with YTD declines of 2.8% and 0.5%, despite regulatory boost.

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