{"id":20388,"date":"2024-02-29T14:10:59","date_gmt":"2024-02-29T08:40:59","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20388"},"modified":"2024-02-29T14:10:59","modified_gmt":"2024-02-29T08:40:59","slug":"relationship-of-nifty-50-with-anand-rathi-wealth-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20388","title":{"rendered":"Relationship of NIFTY 50 with Anand Rathi Wealth Limited"},"content":{"rendered":"

Relationship of NIFTY 50 with <\/strong><\/p>\n

Anand Rathi Wealth Limited\"\"<\/a><\/strong><\/p>\n

Introduction<\/u>: –<\/p>\n

Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.
<\/sup>Objective of the study<\/u>: – To calculate the Beta of Anand Rathi and its significance.<\/p>\n

Views and Reviews<\/u>: –<\/p>\n

During 2022-23, our total revenue stood at ` 558 Crores, representing a growth of 31% compared to ` 425 Crores during the same period last year. We progressed with a healthy PBT margin of 41.5% for 2022-23 compared to 40.1% for 2021-22. This growth was reflected through the impressive growth in PAT, which stood at ` 169 Crores, signalling an increase of 33% compared to ` 127 Crores during the previous year. Our performance was further enhanced by our robust Asset Under Management (AUM) growth, which saw an increase of 18% year-onyear, amounting to ` 38,993 Crores, primarily boosted by the 19% growth in mutual funds. Furthermore, we maintained strong momentum in our client additions, welcoming nearly 1,270 client families during 2022-23. Regarding our Relationship Managers (RMs), we successfully added 22 new RMs (net basis) this year. Our family-oriented and entrepreneurial work culture has enabled us to be recognised as a ‘Great Place to Work’. As a result, we achieved a very low-regret RM attrition of 1.4% for 2022-23. Alongside this, our superior client retention capabilities have helped us manage our client attrition rate to just 1.1% in terms of AUM lost for 2022-23. Powered by our data-driven approach, we have continuously evolved our range of offerings to match the needs of our clients. We successfully achieved our objective of diversifying the sourcing of Non-Principal Protected Structured Products (Non-PP SPs) from the new issuer. Additionally, our capabilities have helped our clients achieve the desired return level without compromising on our solutions\u2019 risk and liquidity profile.<\/p>\n

Data Collection<\/u>: –<\/p>\n

Historical data has been downloaded from 01\/02\/2023 to 31\/01\/2024 from www.nseindia.com, and the weekly returns of NIFTY 50 and Anand Rathi are calculated from the same.<\/p>\n

Y = a + b X<\/p>\n

Here Y is the dependent variable (Weekly Returns of Anand rathi) and X is the independent variable (Weekly Returns of NIFTY 50)<\/p>\n

SAIL Weekly Returns = – 0.103 + 0.154(NIFTY 50 Weekly Returns)<\/p>\n

The above equation shows the relationship between Weekly Returns of Anandwati and Nifty50.<\/p>\n

Data Analysis<\/u>: –<\/p>\n