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SBI says no plan to list asset management unit despite attractive peer valuations
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ASK Asset & Wealth Management ropes in top exec from Nippon Life
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Hindujas eyes $50 billion BFSI valuation
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The financial numbers for 2023-24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street.
All firms listed robust growth in net profit and revenue both during the January-March quarter (Q4) of FY24, as well as in full FY24.
The strong performance comes amid a positive growth environment for the sector, led by tailwinds such as sharp growth in assets under management (AUM) and robust performance in equity offerings.