HDFC AMC Q1 Review - Steady Performance; Market Share To Be Watched: ICICI Direct
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ICICI Direct Report
HDFC Asset Management Company Ltd. reported a soft quarter.
Assets under management growth of 17% YoY, 5.9% QoQ was led by 31% YoY and 9.1% uptick in equity AUM.
Contribution of equity AUM up from 42% to 43% QoQ.
HDFC AMC systematic investment plan flows moderated from Rs 1040 crore in March 2021 to Rs 980 crore in June 2021.
Launched banking sector fund and fund of fund in Q1 FY22; further launches in foray including multi cap fund, thematic fund, sectoral fund and passive schemes.
Total amount raised via new fund offer was at Rs 2977 crore of which Rs 1877 crore was for banking financial services and insurance segment.
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