You cannot compare a wealth management firm with an AMC. Wealth/broking are businesses which fluctuate wildly with the markets. Also, as the networth requirement is not high, the entry barriers in wealth business is low. An AMC, particularly with the reputation of HDFC, will continuously get fresh assets through SIPs and in bulk, also they will keep earning AMC fees irrespective of performance. A large AMC like HDFC AMC has a huge moat in terms of track record and brand
Subscribe To Our Free Newsletter |