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New Delhi. This golden era of capital market has started in India. This is a time of new investment and growth for asset management companies (AMCs), brokers, wealth managers, and other financial institutions. This is what a big brokerage firm of India has to say. Its reports also say that digital technologies like e-KYC, UPI, and account aggregation have made the process transparent and secure for investors. AMCs, brokers and wealth management companies will earn good profits in the coming years.
Motilal Oswal Financial Services report suggests that India’s demographic dividend will accelerate in the next decade. Approximately 10 crore people will join the workforce and 10 crore families will enter the middle income class. The number of high net worth individuals (HNIs) and ultra-high net worth individuals (UHNIs) is expected to grow at an annual growth rate of 12%. The entire ecosystem of capital markets like AMCs, brokers, exchanges, and wealth managers will see an annual growth rate of 17-45 per cent over the course of 3 years (FY24 to 27). Apart from this, due to their fixed cost nature, there will be a significant improvement in profit growth (12-75 percent CAGR).
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Although the Indian capital market is growing rapidly, it still lags behind the global average in many respects. The number of demat accounts is only 12 percent, whereas in America it is 62 percent. The AUM-to-GDP ratio of mutual funds in India is 17 percent, which is much lower than the global average of 65 percent. Still, companies involved in this work can get good profits. Motilal Oswal has released the stocks of some companies and their target prices.
(Disclaimer: The stocks mentioned below are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any profit or loss of yours. .)
Stocks and their targets
HDFC AMC: Its shares are at ₹4,365 level and likely to go up to ₹5,200 (+19%).
Aditya Birla Sun Life AMC: Its shares are at ₹848 and can go up to ₹1,100 (+30%).
Angel One: Currently trading at ₹3,292, and expected to rise to ₹4,200 (+28%).
BSE: This stock present at ₹5,396 can go up to ₹6,500 (+20%).
Tag: investment and returns, investment tips, stock market, stock market, stock tips
first published : December 10, 2024, 1:28 pm IST
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