Steady flows into funds likely to lift earnings of AMCs
New fund offerings (NFOs) have also been healthy especially in multi-cap, sector/ thematic and fund of funds segments, ICICI Securities said in a note
Overall trends have remained positive for the asset management industry in FY22 so far. Factors such as positive flows in equity, passive and hybrid funds with increase in systematic investment (SIP) flows as well as folios are likely to support earnings of asset management companies (AMCs), according to ICICI Securities.
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