Muted retail interest in the ICICI Prudential AMC IPO does not reflect weak fundamentals, says CEO Nimesh Shah. He argues AMC valuations are justified by capital-light business models, strong operating profit growth and resilient SIP inflows. Active funds remain resilient despite rising passive products, while multi-style investing helps manage scale without hurting performance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets