Mutual Funds News share price target

For the 1- year ended December 31, 2020. The returns of Nifty 50 TRI , Nifty Mid Cap 100 TRI & Nifty Small Cap TRI returns were positive 16.09, 22.95 & 22.70% respectively, over the year. Investors are advised to stick to their SIP investments and keep a long-term focus. SIPs over the past 3-years have yielded a return in excess of 11% to 12% p.a. on...

For the 1- year ended December 31, 2020. The returns of Nifty 50 TRI , Nifty Mid Cap 100 TRI & Nifty Small Cap TRI returns were positive 16.09, 22.95 & 22.70% respectively, over the year. Investors are advised to stick to their SIP investments and keep a long-term focus. SIPs over the past 3-years have yielded a return in excess of 11% to 12% p.a. on...

IIFLWAMs 1QFY21 PAT grew 33% YoY to INR819m (63% beat), driven by Operating expenses were down 20% QoQ (up 2% YoY) to INR1.3b (7% beat), driven largely by lower employee cost. Our earnings estimates remain largely unchanged for L&T; Wealth (AUM of INR99b) and strong MTM gain of INR150b, net AUM Annual Recurring Revenue (ARR) assets grew 17% QoQ to INR732b around half of this increase came from the L&T; Wealth acquisition. Lower ARR revenue is on account of (a) lower AMC fees (of which, 60-70% will come back in 2QFY21), (b) NII on loans (due to INR2.3b lower capital translating to INR60m impact), and (c) lower average AUM in distribution and IIFL assets. The push in the asset management business will be one of its key With IIFL-ONE, the company is looking to revolutionize the way wealth management is offered in India.