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Is AMC IPO a good investment?
The IPO is priced at Rs 695-712 per share and investors can bid for a minimum lot of 20 shares and in multiples thereof. Analysts recommend subscribing to the issue given the company’s reasonable valuations, strong return on equity, diverse product portfolio and well recognised promoter group.
Is HDFC AMC good buy?
“Among AMCs, HDFC AMC and ICICI AMC are fine. In the case of insurance, HDFC Life or SBI Life or even Max are good buys.” “The market has started distinguishing between good companies coming at a decent valuation and probably bad companies – at least based on current performance – coming at astronomical valuations.
Is it good to apply for Aditya Birla IPO?
NEW DELHI: The initial public offering (IPO) of Aditya Birla Sun Life AMC, which will open for subscription on Wednesday, can be a good opportunity to invest in a growing financial services company, said analysts. Most of them have ‘subscribe’ ratings on the Rs 2,768 crore issue.
Is Aditya Birla AMC IPO good?
Astha Jain, Senior Research Analyst, Hem Securities, said Aditya Birla AMC is still a long-term bet but one should not buy it at lower levels. “Investors who have received the allotment should continue to hold the scrip for at least 5-6 months,” she added. “New investors should avoid making fresh positions.”
How HDFC AMC makes money?
HDFC Asset Management Company is a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). They manage mutual funds and most of their revenue comes from the fee they charge their clients to manage these funds.
Should I buy Aditya Birla AMC?
Astha Jain, Senior Research Analyst, Hem Securities, said Aditya Birla AMC is still a long-term bet but one should not buy it at lower levels. Aditya Birla Sun Life AMC is the largest non-bank affiliated AMC in India and the fourth largest AMC in India by quarterly average assets under management.
“We recommend holding the stock for the long term as the company being the largest non-bank affiliated asset manager in India and among the four largest asset management companies in India by quarterly average assets under management has a well-recognised brand with experienced promoters,” said Astha Jain, a senior …
Should I apply Aditya Birla IPO?
Should you subscribe to Aditya Birla Sun Life AMC’s IPO? The brokerage recommends subscribing to the IPO from a long-term perspective. “Positive macroeconomic factors and a robust industry growth prediction of around 12 percent CAGR over FY21-FY26E provide the company with a good opportunity to grow further,” it said.
Should you invest in UTI AMC IPO (AMC)?
UTI AMC IPO (UTI Asset Management Company IPO) – Share Price, Valuations, Analysis and Review Majority of the companies that have applied to SEBI for IPO are trying to speed track and encash in this bull run. If you are investing in Mutual Funds, you should be familiar with UTI Asset Management Company (AMC).
What is the PE ratio of uti AMC IPO GMP?
Till a few days back UTI AMC IPO GMP was over Rs 1,000 and it has been going down. 1) On the upper price band of Rs 554 and EPS of Rs 21.53 for FY20, the P/E ratio works out to be 25.7x. 2) For last 3 years EPS of Rs 24.8, the PE ratio is 22.3x.
What does UTI AMC stand for?
UTI AMC is the second-largest asset management company (AMC) in India in terms of total AUM and the eighth largest asset management company in India in terms of mutual fund Quarterly Average Assets Under Management (QAAUM) as of June 30, 2020, according to CRISIL. UTI AMC commands 5.4\% share of the Indian mutual fund market, by AUM.
Why is the valuation gap between UTI AMC and other listed companies?
The valuation gap between UTI AMC and other listed players is primarily due to UTI’s weak return ratios, higher cost metrics, lower profit growth, and stagnant equity AUM. However, any improvement in cost parameters as stated by management and growth in AUM will augur well for the company.
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