HDFC AMC

AMC Stocks Face Choppy Waters as Kotak Flags Selective Upside in SBI and HDFC AMC

Indian asset management companies are still drawing steady retail money through systematic investment plans, but Kotak Institutional Equities says the sector’s next leg of growth will depend on a sustained market recovery and the ability of fund houses to keep outperforming. The brokerage sees the strongest relative opportunities in select names such as SBI Funds Management and HDFC AMC, while warning that larger players face rising pressure to deliver consistent returns.