Prudent Corporate Advisory Services, a leading mutual fund distributor, has announced a 33 per cent increase in net profit for the December quarter, with profits rising to ₹48 crore from ₹36 crore in the same period last year. Revenue also saw a significant growth of 36 per cent, reaching ₹285 crore compared to ₹210 crore.
The company reported a 44 per cent year-on-year increase in its Systematic Investment Plan (SIP) book, which stood at ₹935 crore in December. This accounted for 3 per cent of the total SIP flows in the industry.
Sanjay Shah, Managing Director of Prudent Group, highlighted the rapid adoption of mutual funds, with a 20 per cent increase in the unique investor base over the past year. He noted that retail clients contributed a significant portion of Prudent’s SIP flows, providing stability to net sales.
According to Shah, SIPs have become a disciplined investment habit for these investors, ensuring consistent inflows even during volatile market conditions.
Overall, Prudent Corporate Advisory Services continues to see strong growth and performance in the mutual fund distribution sector.
