HDFC AMC Q3 Review - Operationally Superior; Market Share Remains Catalyst: ICICI Direct
Stack of rupee coins. (Source: Unsplash)

HDFC AMC Q3 Review - Operationally Superior; Market Share Remains Catalyst: ICICI Direct

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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.

ICICI Direct Report

HDFC Asset Management Company Ltd. reported a mixed performance wherein subdued revenue was offset by unsustainable other income leading to growth in earnings.

Equity asset under management increased led by rally in equities, though stains of redemption were evident. Robust accretion in debt schemes led to healthy traction in overall AUM.

Industry AUM increased from Rs 26.9 lakh crore as of Q2 FY21 to Rs 31 lakh crore as of Q3 FY21, largely led by pick up in non-equity inflows.

Equity related AUM increased by 12% YoY at Rs 12.2 lakh crore, proportion of equity AUM stood at 39% as against 41% YoY.

Click on the attachment to read the full report:

ICICI Direct HDFC AMC Q3FY21 Result Update.pdf

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