NEW DELHI: This Rs 4.5 lakh crore asset manager has lost market share across segments in recent months, and has seen revenue fall sequentially for six straight quarters till September, 2019. But the stock has rallied 126 per cent year-to-date. Analysts now expect returns from the stock to moderate after a steep rally, even as valuations, on the face of it, appear to be at a steep discount to the closest listed peer. The stock is Nippon India Mutual Fund (erstwhile Reliance Nippon Life AMC or RNAM). But peer comparison makes the stock look cheap. Nippon India Mutual Fund commands a market capitalisation of Rs 22,000 crore, which is 5 per cent of the total asset under management (AUM) of Rs 4,53,517 crore that the AMC had as of September 30. Rival firm HDFC AMC commands a market capitalisation of Rs 76,000 crore, which is 21 per cent of the assets it manages. One major recent trigger for the Nippon India Mutual Fund stock was a change guard at the company after Japanese partner Nippon Life acquired a controlling stake of 75 per cent in the asset manager from erstwhile promoter Reliance Capital, thereby removing an overhang over promoter’s financial… Read full this story
- How To Grow Online Market Share Without Increasing Your PPC Budget
- Delhi cops arrest two for duping 1,000 people of Rs 10 crore over ‘linking’ Aadhaar
- Ultimate WordPress Digital Asset Management Guide
- Max India exits health insurance biz, divests stake in Max Bupa for Rs 510 cr
- How to Create an Editorial Calendar for Content Marketing in 5 Easy Steps
- 7 Awesome Ecommerce Content Marketing Examples for 2019
- Six ways to earn the trust of B2B audiences through content marketing
- Abandoned, NEGLECTED: 10 expensive cars that cost over half a crore each!
- Kerala floods have wiped out brand new cars worth Rs. 1,000 Crore
- Rajiv Bajaj reckons the Discover 100 was the 'biggest blunder'
This Rs 4.5 lakh crore asset manager losing market share, but stock is up 100% have 295 words, post on economictimes.indiatimes.com at December 3, 2019. This is cached page on xBlogs. If you want remove this page, please contact us.