CAMS - A Play On Industry Assets Under Management Growth: ICICI Securities Initiates Coverage
Employees work at computers at a brokerage firm in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

CAMS - A Play On Industry Assets Under Management Growth: ICICI Securities Initiates Coverage

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

Computer Age Management Services Ltd. is the leading Mutual Fund Registrar and Transfer Agent of India (69.2% market share as of January 2021).

A play on the Indian mutual fund industry (approximately 90% of the company’s nine months FY21 revenues are based on a percentage fee of AUM of client MFs), the company has clocked revenue/Ebitda compound annual growth rates of 14%/19% from FY16 to FY20 against comparable 18% CAGR in India’s overall MF assets under management.

Click on the attachment to read the full report:

ICICI Securities CAMS Initiating Coverage.pdf

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