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 that should provide 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 largely neutralises this concern – 12-08-2021 Price: 1527.35 Rating: Over Weight Recommendation: Buy
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