Profits of top ten AMCs up 42 percent in FY 2013-14

While HDFC MF continued to remain the most profitable fund house, other fund houses saw double digit growth in their net profits last fiscal.  

Thanks to rising market and increase in the assets under management, the top ten fund houses registered a robust 42% growth in their Profit after Tax (PAT) in FY13-14. In FY12-13 the top ten players had seen a modest 2% growth in their PAT.

The top ten fund houses, in terms of AUM, registered a combined net profit of Rs.1,604 crore in FY 2013-14 as against Rs.1,126 crore the previous year. The AUM of top ten fund houses grew by 12% from Rs.6.27 lakh crore in March 2013 to Rs.7.02 lakh crore in March 2014.

Profit after tax (PAT) of top ten fund houses in FY 2013-14

Source: Cafemutual study (Rs. cr)

All the top ten fund houses saw double digit growth in their net profits.

The largest fund house by assets, HDFC MF continu