Although net inflows into equity mutual funds deteriorated month-on-month (M-o-M) in March 2024 to 22,576 crore (excluding Hybrid), down 15 per cent M-0-M (up 12 per cent Y-oY), asset management companies (AMCs) had a great year with robust growth in assets under management (AUMs).
AMCS are likely to report strong PAT growth (30-40 per cent Y-oY) in Q4FY24 on the back of AUM growth.
In Q4FY24, domestic mutual fund (MF) industry's quarterly average AUM grew by 34 per cent Y-o-Y and 10 per cent quarter-onquarter (Q-o-Q) to ₹54 trillion ($652 billion). The equity quarterly average AUM grew faster at 45 per cent Y-o-Y and 13 per cent Q-o-Q to ₹39 trillion ($469 billion). The equity AUM accounts for over 70 per cent of domestic MF industry AUM.
Among listed AMCS, HDFC AMC and Nippon AMC had market-share gains and may report higher growth. The AMC industry is therefore starting FY25 on a good note as FY24-exit equity AUM is 20 per cent higher than FY24 average AUM. Listed registrar and transfer agents or RTAS such as KFin Technologies will also do well.
この記事は Business Standard の April 18, 2024 版に掲載されています。
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この記事は Business Standard の April 18, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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