Trade Nivesh While investors are worried about the poor condition of most non-banking financial companies (NBFCs) on the one hand, two listed gold finance and gold loan companies continue to perform well.
In the last three months, Muthoot Finance has jumped 16 percent and Manappuram Finance has jumped 54 percent. Apart from the strong pace of business, it cannot be ignored that gold is the main Hindu for both companies, which is a large asset class of investment.
Currently, gold is the most liquid and probably the only asset class that is growing. In the last six months, the price of gold has increased by 24 per cent and in three months by 10 per cent. This comfort is not available to those investing in real estate or other asset classes.
Investec analyst Utsav Gogiver said, "Gold finance is the most profitable in the lending segment, with returns on equity of over 20 per cent and risk is the lowest. There are fewer barriers to entry into the market, but the market There may be many problems to increase. " Trade Nivesh
He said, "The level of operation has been limited. Muthoot and Manappuram will benefit from the competition." The net interest margin (NIM) of these two companies was 16.7 per cent and 14.3 per cent in FY 2018-19, while the NIM level for the rest of the NBFCs was less than 10 per cent.
Muthoot Finance's Asset Under Management (AUM) grew by 20 per cent in FY 2018-19, while Manappuram Finance registered a growth of 23.3 per cent. AUM growth for other NBFCs was less than 20 per cent.
In the last three months, Muthoot Finance has jumped 16 percent and Manappuram Finance has jumped 54 percent. Apart from the strong pace of business, it cannot be ignored that gold is the main Hindu for both companies, which is a large asset class of investment.
Currently, gold is the most liquid and probably the only asset class that is growing. In the last six months, the price of gold has increased by 24 per cent and in three months by 10 per cent. This comfort is not available to those investing in real estate or other asset classes.
Investec analyst Utsav Gogiver said, "Gold finance is the most profitable in the lending segment, with returns on equity of over 20 per cent and risk is the lowest. There are fewer barriers to entry into the market, but the market There may be many problems to increase. " Trade Nivesh
He said, "The level of operation has been limited. Muthoot and Manappuram will benefit from the competition." The net interest margin (NIM) of these two companies was 16.7 per cent and 14.3 per cent in FY 2018-19, while the NIM level for the rest of the NBFCs was less than 10 per cent.
Muthoot Finance's Asset Under Management (AUM) grew by 20 per cent in FY 2018-19, while Manappuram Finance registered a growth of 23.3 per cent. AUM growth for other NBFCs was less than 20 per cent.
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