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This Article is From Dec 02, 2021

Anand Rathi Wealth IPO — A Play On Structural Wealth Management Business: ICICI Direct

Anand Rathi Wealth IPO — A Play On Structural Wealth Management Business: ICICI Direct
A female broker with red painted fingernails uses a keyboard on the trading floor. (Photographer: Luke MacGregor/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct's IPO Report

Anand Rathi Wealth Ltd. is one of the leading non-bank wealth solutions firms in India and has been ranked amongst the top-three non-bank mutual fund distributors in India by gross commission earned in FY19, FY20 and FY21. It was incorporated on March 22, 1995.

Anand Rathi Wealth acts as a mutual fund distributor, registered with Association of Mutual Funds in India. It distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from AMCs.

They are currently present across 11 cities in India like Mumbai, Bengaluru, Delhi, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, Noida,etc and compete with bank and non-bank wealth management distributors.

Click on the attachment to read the full IPO report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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