FY25 Updates
Shriram AMC will be jointly controlled by Shriram Credit Company Ltd and Sanlam Emerging Markets (Mauritius) Limited.
Sanlam is South Africa’s Largest asset manager and strategic partner for the shriram group.
AUM +67% YoY , 535 Cr => 895 Cr.
No of SIP +350% YoY, 4,950 => 22,275.
No of Distributors +124% YoY, 10,642 =>23,823.
No of Unique Investors +147% YoY, 21,908 => 54,108.
based on this there should be open offer by Sanlam Group - any idea if/when thats happening?
the open offer was triggered 2 months ago at a price of 270/share.
Due to lack of triggers and many available opportunities elsewhere I have trimmed Shriram AMC to 10% (from 15%) of my PF in last few days.
Structural story remains intact, but not immediate.
Seems someone is desperate to buy and is buying everyday. Since the liquidity is low he has to buy at higher levels.
Since there are no immediate triggers, flat AUM for last 6-7 months, expectations of flat results - I have reduced my holding to 5% today from 10% earlier.
Their recent hiring from DSP Mutual fund and Jio Blackrock will bear fruit in sometimes. Its when and not if.
