The Indian investor has noticed that the stock market goes up in the long term. Thus asset management companies have received huge amounts of money in recent times.
The average Assets Under Management (AAUM) of the Indian Mutual Fund Industry is all set to cross Rs 40 lakh crore in FY23.
Such a huge number would have been unachievable 10 years ago. But a sustained bull market, favourable regulations, reducing costs, and rising investor awareness, have made the stupendous growth of the industry possible.
In fact the industry's AUM has multiplied 5.5 times over the 10-year period 2012-2022. In the month of May 2021, the industry achieved a historic milestone of 10 cr folios (investor accounts).
The key driving force behind the growth of the industry is the Systematic Investment Plan (SIP). Indian investors are increasingly putting their money into SIPs every month. This helps investors put their money to work in the stock market in a disciplined manner.
The industry is expected to grow at 14% annually and the prospects for the leading companies are bright.
Here's a list of asset management companies stocks in the Indian market.
Jun 21, 2023
HDFC AMC share price soars to five-month high. Is the good run here to stay or is this just a temporary relief?
May 16, 2023
Is the wait and watch approach appropriate for this stock?
Mar 25, 2023
Share price of HDFC AMC, one of the largest mutual fund companies in India, is under intense pressure, providing no respite for shareholders.
Jul 22, 2022
HDFC AMC reported a drop in profits due to fall in other income.
Jun 23, 2022
Fund manager Saurabh Mukherjea has exited this underperforming HDFC group stock. Find out why.
Nov 15, 2021
A look at what India's top equity mutual funds bought and sold in October 2021.
Sep 25, 2021
The IPO is fully an OFS to sell a 13.5% stake. At its upper price band, the company is eyeing a valuation of Rs 205 bn.
May 25, 2021
Here's our view on Ramco Cements latest quarterly results.
Apr 29, 2021
Bitcoin's market cap higher than combined m-cap of world's three biggest banks. Is that a warning sign of things to come?
Sep 6, 2018
The rise in the crude oil price is a major reason for the fall in the market. If crude oil prices keep on rising, what will happen to stocks?
May 17, 2023
Has the market overreacted in punishing the stock of Crompton Greaves Consumer Electrical?
Apr 7, 2023
A Travel and a Pharma Stock can be turnaround stories in 2023. Find out what factors can trigger a rerating in these stocks.
Aug 2, 2022
Be very cautious of who you trust with your hard-earned money.
Jul 17, 2022
Rahul Shah on the outlook for HDFC AMC.
Jun 13, 2022
HDFC AMC is down 26% so far in 2022. Here are three factors dragging the stock lower.
Oct 11, 2021
Aditya Birla Sun Life AMC is the fourth fund house to get listed on exchanges.
Jul 17, 2021
The company reported 14% rise in bottomline owing to higher revenues.
May 11, 2021
Angel Broking shares rally 100% in the past one month owing to healthy Q4 results and record client acquisition.
Sep 26, 2018
Stocks of quality companies are falling in response to regulatory/government action. This offers a great buying opportunity.
Jun 8, 2010
With the help of an interesting parable, Ajit Dayal discusses the internal workings of the mutual fund industry, and how CEO's of most funds put the amassing of AUM before the interest of investors in the mutual fund.