Sector Other Financial Services - Latest news, views and updates - page 8

Other Financial Services

SECTOR | 30 Jan 2023, 12:00AM

Revisiting what happened in 2018 post TER cuts

buy

Other Financial Services

ICICI Securities Limited

In Dec’22, market regulator (SEBI) announced that it has initiated an internal study to re-look at the expenses that fund houses charge unit holders (Link). Subsequent to that, the prospect of a cut in Total Expense Ratio (TER) was also discussed in results call of AMCs.

Other Financial Services

SECTOR | 27 Jan 2023

Credit Card data update: Sector Report Dec 22

buy

Other Financial Services

IDBI Capital

Other Financial Services

SECTOR | 11 Jan 2023

Yield stability is key for lifting sector multiples; higher equity likely to be offset by higher passive/lower debt AAUM mix

buy

Other Financial Services

ICICI Securities Limited

AMC yields are likely to remain flat or decline marginally due to increase in equity mix being offset by lower debt and increase in passive AUM mix in Q3FY23E. AMCs have seen improvement in valuations over the previous quarter on the back of expected yield improvement.

Other Financial Services

SECTOR | 06 Jan 2023

Indian fancy for derivatives continues; NSE derivatives to cash ratio scale new highs in Dec’22

buy

Other Financial Services

ICICI Securities Limited

NSE cash ADTV dipped 8% MoM, while options ADTV rose sharply by 31% MoM in Dec’22. MCX commodity futures volumes declined sharply by 18% MoM, while options rose 4% MoM.

Other Financial Services

SECTOR | 02 Jan 2023

Diversified Financials: Q3FY23 Preview Healthy quarter likely for NBFCs and life insurers

buy

Other Financial Services

BOB Capital Markets Ltd.

IIFL Wealth projected to post Q3 AUM/PAT growth of 9%/12% YoY on higher operating leverage and strong recurring flows

Other Financial Services

SECTOR | 26 Dec 2022

Credit Card data update: Sector Report

buy

Other Financial Services

IDBI Capital

Other Financial Services

SECTOR | 21 Dec 2022

AUM growth vs yield balance will be critical for earnings

buy

Other Financial Services

ICICI Securities Limited

We highlight market share movement, valuations, industry flow and performance
comparison of listed AMCs in this report. Three key takeaways include: (1) Valuations have inched up above their respective -1 standard deviations based on our estimates for HDFC AMC and UTI AMC.

Other Financial Services

SECTOR | 06 Dec 2022

November witnesses volume turnaround across key segments

buy

Other Financial Services

ICICI Securities Limited

Equity volumes bounced back in Nov’22 after posting a decline in the preceding month. NSE cash volumes increased 13% MoM in Nov’22 while options volumes remained flat.

Other Financial Services

SECTOR | 01 Dec 2022, 12:00AM

Continued growth in CC spend should increase revolver mix, eventually

buy

Other Financial Services

ICICI Securities Limited

Industry-wide Oct’22 credit card (CC) spend was up 6% MoM to Rs1.3trn and, as per trends, Nov’22 spends are expected to be Rs1.2trn. Expectations will remain that continued increase in spends will ultimately lift the revolver mix.

Other Financial Services

SECTOR | 29 Nov 2022

Credit Card data update: Sector Report

buy

Other Financial Services

IDBI Capital