Thanks Jose for your views. I agree with everything you said. Brokerage is cyclical & we will most likely see the evidence of that soon. I read one report from ValueQuest Deep Dive on Walth sector. They compared how this whole sector panned out in the US. AMCs do better than Brokers & Exchanges, Wealth Managers do better than AMCs & AIF do better than the Wealth Managers. I think in the early stages, everyone will try to do everything in India but eventually specialists will emerge. Geojit is focusing on Wealth & Broking. I think AIF, PMS, the new MF Lite thing, wealth management all these services should do really well over the next decade & beyond. Oh & yes, the Rights Issue is very very tempting. Added more today to be eligible for the rights issue. BTW how do REs work? Do you get to buy all that you are eligble for?
Discl: Invested, biased
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