News From Press One too many debt-fund fiascos are dulling the allure of AMC stocks

One too many debt-fund fiascos are dulling the allure of AMC stocks

With debt and equity assets under management (AUMs) falling since March, asset managers will see a dip in fees

Mint Apr 30, 2020

The turmoil in the mutual fund (MF) industry is denting the prospects of asset management companies (AMCs). Compared to their highs in mid-February, shares of Nippon Life Asset Management Co. Ltd and HDFC Asset Management Co. Ltd are down 26% and 46%, respectively.

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