• AUM target outlook: Anand Rathi Wealth remains confident of achieving its FY27 AUM target of 1.2 lakh crore rupees from its current level of 1.06 lakh crore rupees, viewing the 2,743 crore rupees of quarterly net inflows as a strong base achieved during cautious market conditions.
• Asset allocation strategy: Portfolio allocation has remained steady at approximately 27–28% in structured products, 15–16% in other assets, and the remainder in equity mutual funds to target 14–15% client returns.
• Operating leverage expectations: Excluding one-off ESOP costs and asset revaluation effects, net profit grew 24% against 18% revenue growth, and management expects operating leverage to deliver moderate gains over the next two years.
• AMC profitability framework: Management anticipates no prolonged gestation period for its planned AMC business, noting that promoted relationship managers turn profitable in roughly 90% of cases within their first year.