“The whole penetration story continues to play in the mutual fund industry and this is one of the reasons that is driving flows through the SIP route. Besides, SIP has become an alternative investment avenue, and has done well over a 3-year period,” said Sameer Bhise, banking analyst at JM Financial Institutional Securities.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs