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An analysis of profit before taxes of listed AMCs done by Cafemutual shows that fund houses make gross profit of 0.27% of the total assets, which include financial and non-financial assets in FY 2023.
Overall, four listed AMCs – Aditya Birla Sunlife, HDFC, Nippon India and UTI make gross profit of Rs.4169 crore in FY 2023 compared to Rs.4355 crore in FY 2022.
In terms of proportion of gross profit to the total financial and non-financial assets, HDFC AMC recorded the highest proportion of 0.42% of its total assets. ABSL AMC followed HDFC AMC with gross profit of 0.29% of its total assets. Nippon India AMC occupied the third position with 0.25%.
Please note that we have taken entire assets of AMCs which include all financial and non-financial assets to arrive at the numbers.
Let us look at this table to know more:
|
Fund houses |
Profit Before Tax 2023 |
Total assets (Rs. Lakh crore) |
Proportion of profit with respect to the total assets |
|
ABSL |
794 |
2.78 |
0.29% |
|
HDFC |
1871 |
4.50 |
0.42% |
|
Nippon India |
918 |
3.63 |
0.25% |
|
UTI |
586 |
3.62 |
0.14% |
