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Synopsis
As a sector, asset management companies (AMCs), commonly known as mutual fund houses, have been facing multiple headwinds. Some real, and some due to a narrative born out of a fear of the unknown. Despite all the headwinds, these companies have grown their assets under management (AUM). And their bottom lines have also grown over the years. Will this growth continue? Yes. Will there be challenges that the regulatory framework and technology will throw at them? Yes, again. But growth is bound to come, and will come. So, here is the set of stocks which will probably outperform in the long term.
Every sector faces headwinds at different points of time. But there are some sectors which have more tailwinds than headwinds. Here’s something to put that into perspective: Since 1999, the IT sector has faced multiple challenges. But, remarkably, a majority of the companies have seen their turnover growing multiple times. For instance, the turnover of Infosys in 1999 was Rs. 512 crore. In 2023, it was Rs. 1,24,014 crore. There is a reason for
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