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Asset Management Companies Update - Positive Trends To Support Earnings: ICICI Securities

Asset Management Companies Update - Positive Trends To Support Earnings: ICICI Securities

<div class="paragraphs"><p>Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Asset management plays will benefit from the improving equity mix for the second successive quarter in Q1 FY22.

However, the overall average assets under management growth remains in low single digits QoQ.

Hence, sequential earnings growth will depend more on cost and yields performance.

Increase in equity mix has not always translated to higher yields. Yields will also be a critical element for Computer Age Management Services Ltd. earnings.

Yields were largely stable in FY21 for CAMS, but may decline in FY22 in lieu of AUM growth.

At an aggregate level, flows, systematic investment plan and new fund offer data remain positive.

Click on the attachment to read the full report:

ICICI Securities AMC Update.pdf

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