Centrum Broking: HDFC AMC Q2 Review - Revenue Miss Offset By Other Income 
A coin is dropped into a piggy bank in this arranged photograph. (Photographer: Ron Antonelli/Bloomberg)

Centrum Broking: HDFC AMC Q2 Review - Revenue Miss Offset By Other Income 

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.

Centrum Broking Report

HDFC Asset Management Company Ltd. Q2 FY21 earnings were a beat on profit after tax mainly led by other income.

Revenue was a miss while operating expenses were in-line leading to a profit after tax at Rs 3.4 billion (our estimate Rs 3.2 billion).

Futhering its objective to diversify fund management strategies for reducing performance volatility in equity schemes across cycles, HDFC AMC is looking to hire 12 more fund managers after already hiring two managers.

Also, in the coming months it plans to launch new products on the equity side.

Click on the attachment to read the full report:

Centrum Broking HDFC Asset Management Company Q2FY21 Result Update .pdf

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