Brokers, AMCs see better June quarter earnings than insurers
MUMBAI: As stock markets remained volatile in the first quarter of fiscal 2020-21, companies that derive their business from investing in capital markets reported mixed earnings in the April-June period. Brokerage firms and asset management companies (AMCs) saw better earnings in the fiscal first quarter than insurers.The quarter was also challenging for domestic mutual fund industry as active equity inflows declined while contributions from systematic investment plan (SIP) shrunk due to a corre…
