Axis, IIFL, ICICI Prudential AMCs are top contenders

To begin with, the Axis MF, IIFL MF, and ICICI Prudential Mutual Fund are the 3 pinnacle contenders to reap the L&T Finance Mutual Fund commercial enterprise. These 3 businesses have well known about the communique among the L&T Mutual Fund and its parent business enterprise L&T Finance. Along with these 3 asset management companies another 3 investment groups interested to shop for the L&T Mutual Funds.




Moreover, Avendus Capital and some of the private fairness gamers decide to shop for a 10% to 15% L&T Mutual Fund. Also, the New York Based organizations Blackstone Group and ChrysCapital decided to buy a 10% to 15% L&T MF stake.
As of now, the handiest of the HDFC MF and Nippon MF are the listed asset management businesses in the inventory exchanges. The AMCs shares attracting the private fairness player because of its low investment with a high valuation.

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