SBI Funds Management: Centrum bets on strong franchise, growth runway; initiates Buy with 34% upside
60-Word AI Digest
Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.
Key Takeaways
- Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside.
- The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.
- Full details and original dispatch available below.
Centrum Broking has initiated coverage on SBI Funds Management with a Buy rating and a Rs 700 target, implying up to 34% upside. The brokerage sees SBI AMC’s extensive distribution network, strong B-30 presence, expanding retail franchise and growing non-MF businesses supporting AUM and earnings growth over the next three years.
Original Publisher Attribution
This summary was curated from Economic Times.