HDFC Asset Management Company (AMC) on October 12 reported consolidated net profit at Rs 436.52 crore for Q4FY24, up 20 percent YoY from Rs 364.5 crore in the same year-ago period. HDFC AMC's revenue from operation jumped to Rs 643 crore, up 18 percent YoY from Rs 574.54 crore in the corresponding quarter of previous fiscal.
HDFC AMC shares were trading marginally lower at Rs 2,740.95 on NSE.
Company's Quarterly Average Assets Under Management (QAAUM) stood at Rs 5.24 lakh crore compared to Rs 4.85 lakh crore in Q1FY24, commanding an 12.4 percent market share in QAAUM of the mutual fund industry.
“QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at Rs 2.86 lakh crore for the quarter ended September 30, 2023 with a market share of 12.4 percent. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country," HDFC AMC said in its presentation.
On sequential basis, the leading asset management firm's net profit fell 8.6 percent, while revenue saw an 11.9 percent growth.
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The ratio of equity oriented QAAUM and non-equity oriented QAAUM stook at 58:42, compared to the industry ratio of 51:49 for the quarter ended September 30,2023. 67.5 percent of the company’s total monthly average AUM for August 2023 is contributed by individual investors as compared to 57.8 percent for the industry.
A total of 5.86 million Systematic transactions with a value of Rs 2,240 crore processed during the month of September 2023. Total Live Accounts stood at 1.36 crore as on September 30, 2023. Unique customers as identified by PAN or PEKRN now stands at 79 lakh compared to 4.04 crore for the industry, a share of 19.6 percent.
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