Sensex Today | Stock Market LIVE Updates: MF margins to face pressure; volumes to compensate: ICICI Pru AMC
Mutual fund profitability may face pressure as assets under management continue to expand, though lower fees paid by unitholders could help offset the impact, said Nimesh Shah, MD and CEO of ICICI Prudential Asset Management Company. The company’s ₹10,600-crore IPO, which closes on December 16 (Tuesday), was subscribed 2.11 times on Monday, the second day of the issue.