Explained: Why AMC stocks rallied up to 7% despite Sebi cutting total expense ratio
AMC and wealth management stocks saw a sharp uptick on Thursday after Sebis final expense ratio framework proved less harsh than feared. Investors cheered lower-than-expected TER cuts, the exclusion of GST from base expenses, and limited brokerage fee reductions, easing profit concerns for firms such as HDFC AMC, Nippon Life India AMC, and Nuvama Wealth.
AMC and wealth management stocks saw a sharp uptick on Thursday after Sebis final expense ratio framework proved less harsh than feared. Investors cheered lower-than-expected TER cuts, the exclusion of GST from base expenses, and limited brokerage fee reductions, easing profit concerns for firms such as HDFC AMC, Nippon Life India AMC, and Nuvama Wealth.
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