Another tepid results as expected. Will keep on reporting higher losses as they onboard more employees and as AUM will come with lag… Employees as of Sep – 70 (March24 – 51)
In a recent interview MD mentioned launch of PMS biz this quarter. Another takeaway was employees of Shriram Finance are undergoing certification and training (for group distribution). Link below
Interview with Mr. Kartik Jain, MD & CEO, Shriram Asset Management Company
Have added back 25% qnty which was sold earlier as the financialization theme is hitting all time highs be it UTI/Nippon/HDFC AMC, BSE/MCX, Nuvama/Anand Rathi Wealth Management and distributors…
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