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HDFC AMC has recorded 3% growth in its net profits to reach Rs.370 crore in Oct-Dec 2022. In the corresponding quarter last year, profit after tax was Rs.360 crore. In July-Sep 2022, HDFC AMC recorded net profit of Rs.364 crore.
The company said that the AMC has a 12% share in the mutual fund market with an average AUM of Rs. 4.29 lakh crore.
In a press release, the company said, “ Quarterly AUM in actively managed equity-oriented funds excluding index funds stood at Rs.2.27 lakh crore for the quarter ended December 31, 2022 with a market share of 11.7%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country. The ratio of equity oriented AUM and non-equity oriented closing AUM is 55:45, compared to the industry ratio of 50:50 as on December 31,2022.”
The fund house has over 63 lakh unique investors as on December 2022 with live SIP accounts of over 1 crore.
