HDFC Securities On Asset Management Companies - Subdued But Improvement Expected 
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

HDFC Securities On Asset Management Companies - Subdued But Improvement Expected 

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.

HDFC Securities Report

While increased volatility and active equity outflows of Rs 204.8 billion in FY21 to-date have dented the performance of asset management companies, we do expect a more benign environment as markets are near all-time high levels and Q4 FY21 will see Equity Linked Savings Scheme inflows.

Performance at most listed fund houses except for UTI Asset Management Company Ltd. continued to disappoint as a higher percentage of rated active equity asset under management slipped to underperformance.

Despite weak performance, HDFC Asset Management Company Ltd. continues to be the largest active equity fund manager with a market share of 13.9%.

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HDFC Securities AMCs - Subdued but improvement expected .pdf


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