Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Indian mutual funds sold a record Rs. 35,600 crore of government bonds in March 2026, smashing the previous monthly high set just two months ago.</li>
<li>An Iran war-driven oil shock killed rate-cut hopes, while a supply glut from record government borrowing made holding long-duration bonds a losing trade.</li>
<li>Until oil stabilises and the RBI signals fresh rate cuts, fund managers will keep rotating into short-duration corporate bonds and away from government paper.</li>
</ul>


Indian mutual funds sold a record Rs. 35,600 crore of government bonds in March 2026, smashing the previous monthly high set just two months ago.
An Iran war-driven oil shock killed rate-cut hopes, while a supply glut from record government borrowing made holding long-duration bonds a losing trade.
Until oil stabilises and the RBI signals fresh rate cuts, fund managers will keep rotating into short-duration corporate bonds and away from government paper.


Why India's Mutual Funds Are Selling Bonds at a Record Pace?

<ul>
<li>
India’s mutual fund AUM tripled from INR 24.5 trillion in FY19 to INR 67.4 trillion in FY25, driven by strong retail inflows and digital adoption.</li>
<li>Canara Robeco AMC, India’s second-oldest fund house, manages INR 1.11 lakh crore in AUM with a 55% profit CAGR between FY23 and FY25.</li>
<li>With 87% of AUM from retail investors, Canara Robeco AMC has the highest retail concentration among India’s top 10 mutual fund companies.</li>
</ul>



India’s mutual fund AUM tripled from INR 24.5 trillion in FY19 to INR 67.4 trillion in FY25, driven by strong retail inflows and digital adoption.
Canara Robeco AMC, India’s second-oldest fund house, manages INR 1.11 lakh crore in AUM with a 55% profit CAGR between FY23 and FY25.
With 87% of AUM from retail investors, Canara Robeco AMC has the highest retail concentration among India’s top 10 mutual fund companies.


Canara Robeco AMC IPO: The Oldest Name in Mutual Funds Seeks a New Beginning

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Capital Markets

SBI Funds Management / Equity Capital Markets

<ul>
<li>This insight compares <a href="https://www.smartkarma.com/entities/sbi-funds-management-ltd" target="_blank" data-smartkarma-citation="entities:48001:1" rel="noopener">SBI Funds Management Ltd (360103Z IN)</a> with listed peers across multiple operational, functional and financial parameters.</li>
<li>We compare these companies across 9 parameters and highlight metrics where SBI Funds lead and where it lags.</li>
<li>Finally, we compare the valuation of these companies and present our view on listing price of the company.</li>
</ul>


This insight compares SBI Funds Management Ltd (360103Z IN) with listed peers across multiple operational, functional and financial parameters.
We compare these companies across 9 parameters and highlight metrics where SBI Funds lead and where it lags.
Finally, we compare the valuation of these companies and present our view on listing price of the company.


SBI Funds Management IPO – Comparison with Listed Peers

India focused: IPO, special situations, Stylus Holdings

Himanshu Dugar

India focused: IPO, special situations

Stylus Holdings

Stylus Holdings is a buy-side equity research firm. We offer bottom-up investment ideas as well as provide on demand equity research and portfolio tracking. 
At Stylus, our focus is to identify market dislocations that can generate 20+% IRR with a reasonable margin of safety. As part of our research process, we do a deep dive into the fundamentals of the company, evaluate their competitive positioning and assess their valuation.
Our investment team is led by Himanshu Dugar. Himanshu is a Chartered Accountant and a CFA charter holder. He has 10+ years of active experience in the stock market with stints at CRISIL Research, a S&P Global copmany and Miras Investments, a single family office based in Dubai.

Equity Research Firm

<ul>
<li>SBI Funds is India's largest AMC ($308bn AUM including $132bn MF AUM with 15.3% market share). It is also the largest PMS manager (39.7% share) and SIF platform (28% share)</li>
<li>The company has been losing market share in recent years due to underperformance in several equity schemes. Starting valuations are down at PE of 38x, while peers trade at 40-50x.</li>
<li>The issue opens on 14th July @ 575 per share. A secondary with both SBI and Amundi selling 10% stake each to be pared down in the next 3 years.</li>
</ul>


SBI Funds is India's largest AMC ($308bn AUM including $132bn MF AUM with 15.3% market share). It is also the largest PMS manager (39.7% share) and SIF platform (28% share)
The company has been losing market share in recent years due to underperformance in several equity schemes. Starting valuations are down at PE of 38x, while peers trade at 40-50x.
The issue opens on 14th July @ 575 per share. A secondary with both SBI and Amundi selling 10% stake each to be pared down in the next 3 years.


SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

<ul>
<li>This insight discusses about the broad structure of upcoming IPO of <a href="https://www.smartkarma.com/entities/sbi-funds-management-ltd" target="_blank" data-smartkarma-citation="entities:48001:1" rel="noopener">SBI Funds Management Ltd (360103Z IN)</a> .</li>
<li>The IPO will be open for subscription from 14 to 16 July.</li>
<li>This insight discusses about the company profile, various segments, shareholders &amp; Financial Snapshot. Finally, we discuss about what will drive the investment case for this IPO.</li>
</ul>


This insight discusses about the broad structure of upcoming IPO of SBI Funds Management Ltd (360103Z IN) .
The IPO will be open for subscription from 14 to 16 July.
This insight discusses about the company profile, various segments, shareholders &amp; Financial Snapshot. Finally, we discuss about what will drive the investment case for this IPO.


SBI Funds Management Limited IPO: First-Cut

India

UTI Asset Management is an Indian asset management company that manages mutual funds, portfolio management services, and retirement solutions for individual and institutional investors. The company also offers alternative investment funds and wholesale investment management of pension funds. UTI Asset Management is headquartered in Mumbai, Maharashtra, India, and was established in 2003 as a successor to the Unit Trust of India.

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UTI Asset Management (UTIAM IN)

Why India's Mutual Funds Are Selling Bonds at a Record Pace?

Indian mutual funds are selling record amounts of government bonds due to an Iran war-driven oil shock and a supply glut from government...

Nimish Maheshwari

Canara Robeco AMC IPO: The Oldest Name in Mutual Funds Seeks a New Beginning

India's mutual fund industry experiences significant growth driven by retail investors and digital adoption, with Canara Robeco AMC leading with...

Nimish Maheshwari

SBI Funds Management IPO – Comparison with Listed Peers

SBI Funds Management IPO is getting listed today. The issue saw a very healthy over subscription of 41.73 times (overall). It is likely to list...

Sreemant Dudhoria

SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...

Himanshu Dugar

SBI Funds Management Limited IPO: First-Cut

Insight into the upcoming IPO of SBI Funds Management Ltd, covering company profile, segments, shareholders, financial snapshot, and investment...

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Why India's Mutual Funds Are Selling Bonds at a Record Pace?

​Indian mutual funds are selling record amounts of government bonds due to an Iran war-driven oil shock and a supply glut from government...

Nimish Maheshwari

Canara Robeco AMC IPO: The Oldest Name in Mutual Funds Seeks a New Beginning

​India's mutual fund industry experiences significant growth driven by retail investors and digital adoption, with Canara Robeco AMC leading with...

Nimish Maheshwari

SBI Funds Management IPO – Comparison with Listed Peers

SBI Funds Management IPO is getting listed today. The issue saw a very healthy over subscription of 41.73 times (overall). It is likely to list...

Sreemant Dudhoria

SBI Funds - IPO Review - Weak Performance Impacting AUM Momentum

​SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...

Himanshu Dugar

SBI Funds Management Limited IPO: First-Cut

​Insight into the upcoming IPO of SBI Funds Management Ltd, covering company profile, segments, shareholders, financial snapshot, and investment...

Sreemant Dudhoria

Indian mutual funds are selling record amounts of government bonds due to an Iran war-driven oil shock and a supply glut from government...

India's mutual fund industry experiences significant growth driven by retail investors and digital adoption, with Canara Robeco AMC leading with...

SBI Funds, India's largest AMC, facing market share loss due to underperformance in equity schemes. Secondary offering at 575 per share with SBI...

Insight into the upcoming IPO of SBI Funds Management Ltd, covering company profile, segments, shareholders, financial snapshot, and investment...