Market Updates

HDFCAMC is one of the largest mutual fund houses in terms of AUM. Due to concerns of decreasing market share of mutual fund inflows. For a long term scanario, owing to HDFC group's backing, HDFCAMC's prospects seems good. Stocks has hit it's 52 week low yesterday and is down 37% from all time high, with a decent PE of 37, which is at-par with industry.

CAMS, a virtual duopoly (the other one being Karvy) in RTA business for mutual fund houses and a company with heavy moat of difficulties in moving to a RTA is down 35% from it's all time high. Although even now, it's having a PE of 50. It's good to include this stock for a closer look in the recent few months.