IIFL Wealth Management is a leading home grown wealth manager offering a range of debt and equity products. Increased wealth creation, financialization of savings and quest for higher returns drives growth for the sector and the company. Capable team, technology platform and network of offices are key strengths. Changes in commission model has led the company to focus on trail commissions and annual asset management charges. The ratio of revenue from such annuity incomes has been steadily increasing and stands at 50% + and that provides earnings visibility. We have a very positive view and over weight rating on the company as robust capital and debt markets provide a very conducive environment. Regulatory changes are a risk factor but diversified product offerings and focus on advisory fees largely neutralises this concern
Elixir Equities Private Limited (hereinafter referred to as “EEPL”) is a registered Member of National Stock Exchange of India Limited, BSE Limited and Depository Participant of the Central Depository Services Ltd. It is also a SEBI registered Portfolio Manager. We have been granted certificate of Registration as a Research Analyst with SEBI. Registration no. is INA000004787 for the period of 5 (Five) Years from 19th May, 2017.
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