Nippon India MF narrows valuation gap with HDFC AMC post correction

INSUBCONTINENT EXCLUSIVE:
rivals. Of late, however, that valuation premium with Nippon India Mutual Fund appears to be narrowing
head of research, IIFL Securities
available at 10 per cent of AUM, compared with 17 per cent for HDFC AMC
Both listed AMC stocks declined in the past two weeks as inflows, especially into equity, has fallen drastically in the month of
82.50 per cent of HDFC AMC
Standard Life Investments sold 2.23 per cent last week for Rs 3,170 per share
while setting a target price of Rs 2,700. The HDFC AMC stock more than doubled this year to touch its 52-week high of Rs 3,844 on November
22
Similarly, Nippon Indian MF surged 143 per cent between January 1 and November 22