Foreign brokerage giant JP Morgan has initiated coverage of India’s capital markets sector with a bullish outlook, arguing that the country’s fast-growing Systematic Investment Plan (SIP) ecosystem continues to drive long-term wealth creation despite muted equity market returns.
The brokerage has named Angel One, Computer Age Management Services (CAMS), and ICICI Prudential Asset Management Company as its top investment picks, citing superior business models, attractive valuations, and favourable regulatory positioning. Its preference order stands at Angel One, followed by CAMS, ICICI AMC, Nippon Life India Asset Management, and HDFC Asset Management Company.
