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Positives seems somewhat priced in Our view – Yield niggles continue to emerge unexpectedly This particular quarter saw a less than normal rise in revenue from mutual fund business for a given rise in AUM despite rise in share of equity in AUM: The rise in revenue was about 60% plus for a given rise in AUM compared with 70% generally expected. This was mainly due to rise in scale customers, which marginally add lesser yield. However, there is no change in assumptions and going fo...
ADD Computer Age Management Services Ltd. For Target Rs.3500 - Yes Securities
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