HDFC AMC Q3 Review - Operationally Superior; Market Share Remains Catalyst: ICICI Direct
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:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.