For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

HDFC AMC Shares Surge 2% On Reporting 45% Jump In Q3 Profit

By Staff
|

Shares of HDFC Asset Management Company rose by 2 percent to Rs 3,262 on Wednesday on reporting a 44.9 percent increase in profit after tax (PAT) at Rs 352.5 crore for the December-ended quarter. In the same period of the previous year, the company posted PAT at Rs 243.3 crore.

HDFC AMC Shares Surge 2% On Reporting 45% Jump In Q3 Profit
 

According to its stock exchange filing on Tuesday, HDFC AMC's total income was up by 11 percent to Rs 592 crore in the third quarter of 2019-20 from Rs 532.7 crore in December 2018.

The fund house's total asset under management (AUM) increased by 14 percent to Rs 3,82,500 crore as of 31 December 2019 from Rs 3,35,000 crore on 31 December 2018.

The average AUM of actively managed equity funds stood at Rs 1.66 lakh crore in December 2019 with a market share of 15.8 percent. This excluded arbitrage and index funds.

HDFC AMC is the investment manager to HDFC Mutual Fund, which has a diversified asset class mix across equity and fixed income.

Read more about: hdfc amc
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more