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Low profitability, lagging metrics and a lack of succession planning are expected to weigh heavily on the proposed stock market debut of India’s largest asset management company.

As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.
The fund house has fallen behind its peers. What explains the sub-par performance?