The performance IMO, is moderate
The sector is largely dependant on growth (Indian +Global) slowing growth is not something which can lead to out performance. In this environment wealth and ARC are the only ones which will outperform.
ARC is very backended and Lumpy business. Investments are frontended. Insurance is cut throat, it’s stable business requires scale to be profitable. Slow companies can take upto 10 yrs to be profitable.
I am hopeful ARC business shows gd returns from this year.
Disclosure : Invested
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