Anand Rathi management met yearly target in 6 months & revised guidance upwards. Here’s how

Anand Rathi, chairman of Anand Rathi Group says that their equity mutual fund has seen increased inflows, accounting for 50% of their AUM. Despite market outflows, they have had positive inflows in mutual funds, and they expect continuous inflows. Rakesh Rawal, CEO of Anand Rathi Wealth, mentions that they have achieved their FY24 AUM guidance of Rs 47,000 crore in the first half and have set a revised target of Rs 51,000 crore. They have also revised their profitability target to Rs 220 crore and their revenue target to Rs 720 crore.