BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
HDFC Asset Management Company Ltd.'s revenue grew 2.7% YoY while declining 6.1% QoQ to Rs 5,163 million in Q4 FY22. The sequential fall reflected a moderation in assets under management growth and pressure on the yields in Q4 FY22 on QoQ basis at Rs 4,312 billion.
The contribution of equity AUM improved to 51% in Q4 FY22. The company has been focusing on increasing its equity-oriented AUM over the past few quarters.
The AUM was impacted owing to lower growth in the debt and liquid funds segments.
HDFC AMC has seen a significant outflow from the corporate investors leading to a drop in debt and liquid fund performance. As of March 31, 2022, the actively managed equity-oriented AUM stood at Rs 1,980 billion.
The company's market share in AUM declined further to 11.3% from 11.7% in Q3 FY22 and 12.9% in Q4 FY21.
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