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HDFC AMC, Nippon Life and UTI AMC in focus; here’s why

Updated : July 16, 2021 17:34:25 IST

Asset management companies are in focus on back of high valuations, Nippon Life surged ahead of Q1 earnings next week.

Looking at the revenue to average assets under management (AUM), it is at 0.49 percent for HDFC AMC and about 0.52 percent for Nippon AMC. So UTI AMC has a significant part of the portfolio, which is non-mutual fund or not comparable.

The valuation on a P/E basis on account Q1 EPS annualised, for HDFC AMC, works out close to 52 times, Nippon Life about 37.2 times and UTI AMC about 20.4 times.

However, the key value to look at is market cap to average AUM which is about 16.2 percent for HDFC AMC and about 10.8 percent for Nippon Life. UTI AMC has a non-significant, non-mutual fund portfolio.

Watch the accompanying video of CNBC-TV18’s Abhishek Kothari for more details.
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