KFin more than a proxy MF play
Mint Ahmedabad|December 27, 2024
Dominating factor Kfin's smaller revenue streams are showing strong growth, but that's currently being overshadowed by the booming domestic MF
- Manish Joshi

Shares of KFin Technologies Ltd hit a new lifetime high of ₹1,620 apiece on Thursday, marking a meteoric rise from its lacklustre debut in December 2022 at ₹364, slightly below its public issue price of ₹366. The stock has more than quadrupled since then, a sharp reversal after languishing below its issue price for nearly six months. What has sparked this dramatic turnaround?

Perhaps, the market's realization that KFin's business as a registrar and transfer agent (RTA) offers a proxy play on the mutual fund (MF) industry. With only two dominant players—KFin and Computer Age Management Services Ltd (CAMS)—the sector presents a significant growth opportunity. KFin's market capitalization has surpassed that of CAMS, which services over two-thirds of the total MF industry's assets under management (AUM). Since KFin's listing, its shares have surged 300%, compared to CAMS's 100% gains. Is this surge justified?

この蚘事は Mint Ahmedabad の December 27, 2024 版に掲茉されおいたす。

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この蚘事は Mint Ahmedabad の December 27, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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