HDFC AMC Q1 Review - Core Earnings In-Line; New Fund Launches Ahead: Centrum Broking

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HDFC AMC Q1 Review - Core Earnings In-Line; New Fund Launches Ahead: Centrum Broking

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Centrum Broking Report

HDFC Asset Management Company Ltd.'s earnings were mixed with QAAuM and revenue being a bit higher which was offset by a miss on ESOP charge of Rs 176 million.

Hence operating income was nearly in-line at Rs 3.65 billion.

PAT was a beat as other income jumped quarter-on-quarter to Rs 1.0 billion mainly led by sale of collateral on Essel group debentures.

Sequentially, equity share rose while that of debt declined.

The recently launched BFS NFO garnered Rs 18.7 billion and other new schemes are lined up which could add ~2% to overall AuM.

Although, market share loss is a worry, equity flows turning positive for the AMC industry could benefit a market leader like HDFC AMC.

Click on the attachment to read the full report:

Centrum HDFC AMC Q1FY22 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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