Insight Magazine, July, 2024

The last few months have been both hectic and a little volatile. Once again, the exit polls got it wrong, reminding us of the age old philosophy – it’s not done until it’s done – and who knows this better than our Bankers across our business verticals. My own sense is that these results will have no impact on the reform process and therefore on India’s superlative growth story. However, I do believe that the aggressive run to the stock market and the resultant exuberance will moderate and will strongly favour Ambit’s Good and Clean philosophy, which means that our Asset Management business should be a direct beneficiary, and hopefully, will leverage the opportunity for growth in AUM.