India's valuation top in AMC around the world

There are currently more than 3 mutual funds operating in India. Even so, its reach is very limited in comparison to the global. Despite the fact that the figure is about a fourth of the world's total, Indian asset management companies (AMCs) are far ahead of global competitors in terms of valuation.

According to the available data, India's two asset management companies HDFC AMC and Reliance Nippon Life Company are operating at 3 times and 3 times PE respectively. Thus, in terms of PE, these two companies have become the world's top mutual fund company.

According to data from the Global Mutual Fund Industry, the average PE assets around the world are PE 2.0. These two Indian companies have provided more than 5% return for the current calendar year. Which is one of the best performers in the world of asset management companies. In addition, these two companies also performed best in the BSE 3 Index.

Listed AMC's profits in the Indian stock market have steadily increased despite the drop in cost ratio. Asset under management (AUM) of domestic mutual funds has increased by 5% in the last five years due to rising interest from SIP. Which is the best look after China.

According to data from Amphi, a mutual fund company, on November 5, Rs. 1 crore was invested. Three years ago, Rs. 1 crore. The fund's total asset under management accounts for 5% of the country's GDP. While the world average is around 5 percent. India accounts for over 5% of global GDP and market cap. But its share in mutual fund assets is only about 5.5%. Thus, the Indian companies have taken a turn compared to the asset management companies around the world.