Aditya Birla Sun Life AMC IPO - Improving Operating Metrics; Equity Growth A Key: Centrum Broking
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Centrum Broking's IPO Report
We are optimistic about the asset management company space – being a fee-based and capital light business, revenues and profitability are slated to see a compound annual growth rate of 13-15% over FY21-26, led by economic growth, growing investor base, and higher disposable income levels, which should aid greater retail participation.
Aditya Birla Sun Life AMC Ltd. is the fourth largest AMC in terms of mutual fund AUM, with asset size of Rs 2.82 trillion as at June 2021.
Aditya Birla Sun Life AMC commands a market share of 8.4% (overall AUM) / 7.4% (equity AUM), up 20 basis points QoQ in Q1 FY22.
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