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

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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.

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