Business

HDFC AMC net up 14% on higher revenue

HDFC Asset Administration Firm has reported that its web revenue within the June quarter was up 14 per cent at ₹345 crore towards ₹302 crore logged in similar interval final 12 months, largely attributable to greater revenue. General income elevated 24 per cent at ₹608 crore (₹491 crore).

The quarterly common asset beneath administration was up 17 per cent in June quarter at ₹4.17 lakh crore towards ₹3.56 lakh crore logged in similar interval final 12 months.

Nonetheless, the market share of the fund home dropped to 12 per cent from 14 per cent. The common fairness AUM within the quarter beneath evaluate was up 33 per cent at ₹1.72 crore whereas that of debt fund elevated to ₹1.57 lakh crore.

Liquid fund asset dipped 39 per cent to ₹72,600 crore (₹1.18 lakh crore) because the market share fell to fifteen per cent (22 per cent).

Reside particular person account was down 5 per cent at 8.87 million (9.35 million).

Inflows by way of systematic funding was up two per cent at ₹980 crore (₹960 crore). Nonetheless, it’s decrease when in comparison with ₹1,040 crore logged in March quarter.

The fund home has money reserves of ₹5,128 crore as of June-end.

https://www.thehindubusinessline.com/markets/stock-markets/hdfc-amc-net-up-14-on-higher-revenue/article35371122.ece

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