HDFC AMC, CAMS, NAM: Nuvama sees up to 50% upside. (Image: AI generated) The markets have been volatile through February; however, SIP flows remained resilient. Leading brokerage house Nuvama said continue to be positive on key Asset Management Companies given the facts as resilient SIPs would help volume growth even as markets continued to consolidate. Nuvama highlighted that they preferred HDFC AMC, Nippon Life India Asset Management (NAM) and CAMS as top investment picks in the space. Nuvama has set target of Rs 3,620 for HDFC AMC. This implies upside of almost 50% from current levels.