HDFC AMC shares jump 3% as Antique initiates ‘Buy'rating with ₹6,000 Target
Antique believes the Indian mutual fund industry is set for steady growth, projecting over 15% compound annual growth in total assets under management (AUM), and more than 20% growth in active equity AUM. This outlook is based on expectations of moderate GDP and earnings growth, stable SIP inflows despite market fluctuations, increasing role of fintech platforms, and ongoing traction in passive funds.
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The report notes that asset management companies could be in line for a valuation re-rating, supported by improving earnings. Among sector peers, Antique has highlighted HDFC AMC and Nippon Life India Asset Management (NAM) as preferred picks, citing consistent performance, steady market share in flows, and diversified equity portfolios.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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