Motilal Oswal Financial Services reported a 68% YoY decline in consolidated profit to ₹362 crore, while revenue fell 35% to ₹1,849 crore. However, asset management and private wealth units posted strong double-digit growth, lifting AUM to ₹1.77 lakh crore.
SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas Khemani
SEBI’s revised PMS framework introduces PRIM, expands investment options and lowers the entry threshold to ₹25 lakh. Industry leaders expect these changes to broaden PMS