Economic TimesLean R·
SBI Funds Management: Centrum bets on strong franchise, growth runway; initiates Buy with 34% upside
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.
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