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HDFC AMC has recorded 2% growth in its net profits to reach Rs.1424 crore in FY 2022-23. In FY 2021-22, profit after tax was Rs.1393 crore.
In Jan-March 2023, HDFC AMC recorded net profit of Rs.450 crore compared to Rs. 432 crore in the final quarter of the previous financial year.
The company said that the AMC has a 11% share in the mutual fund market with an average AUM of Rs. 4.29 lakh crore.
In a press release, the company said, “Quarterly Average AUM in actively managed equity-oriented funds i.e. equity assets excluding index funds stood at Rs.2.32 lakh crore for the quarter ended March 23, 2023 with a market share of 12%. 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 54:46 compared to the industry ratio of 49:51 as on March 31, 2023.”
The fund house has over 66 lakh unique investors as on March 2023.
