Nuvama Wealth Management Limited CC-Dec23.pdf · 2024-02-14
Congratulations, Ashish ji for a great set of numbers Ashish ji, my first question is a bit more long term and just wanted to understand. Assuming today we are at INR 177 crores of profits and Nifty, one year from today is broadly where it is today. Would there be any difference in our facts? That is number one. Number two, is typically globally wealth management industry grows at three to five times the capital market industry. So would you say that since our penetration is low, that if assuming Nifty doubles in the next how many ever years, Nuvama's profit shou ld ideally be three times higher than or four times higher than what it is today. Is that a safe assumption to make?
But if you see it happened globally, the same trend is there.