MF News HDFC AMC’s net profit grows to Rs. 438 crore

HDFC AMC’s net profit grows to Rs. 438 crore

The fund house has a market share of 11% in the MF industry.

Oct 14, 2023

Listen to this article

HDFC AMC has reported net profit of Rs. 438 crore in July-Sep 2023, a 20% increase compared to July-Sep 2022.

One of the key drivers of this growth is increase in quarterly AUM, which surged to Rs. 5.24 lakh crore in Sept 2023 compared to Rs. 4.29 lakh crore in Sept 2022.

The share of equity AUM to the overall AUM has also increased to 58% in Sept 2023.

Individual investors have played a significant role in HDFC's milestone. 68% of the company’s total average AUM has come from individual investors.

The company commands market share of 11% in the MF industry.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

MF quarterly AAUM just short of Rs.60 lakh crore

Your bulletin for the day

Indore's MFD Association appoints Rajesh Kulwal as the new president

Consolidated account statement in MFs to be sent through email as preferred mode: SEBI

Impact of inclusion of Indian Bonds in JP Morgan Index on debt funds

SEBI to introduce simple regulations to facilitate growth of passives

SEBI to allow fund houses to launch passive hybrid funds

Aditya Birla Sun Life AMC reappoints A Balasubramanian as MD and CEO

MFDs should avoid reaching out to SEBI officials for KYC related issues of clients: AMFI

Reminder to submit your annual Declaration of Self-Certification by June 30

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS