HDFC AMC sheds 3% on low Q4 AUM growth, loss in market share woes

Shares of HDFC Asset Management Company (AMC) snapped their three-day winning run and dipped 3 per cent to Rs 2,777.25 in intra-day session on Wednesday following the company's March quarter results as the lower-than-expected AUM (asset under management) growth and continued loss in market share concerned investors. 

The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021. In comparison, the company had posted a PAT of Rs 249.83 crore in the same period a year ago. 

Total income rose by 21.34 per cent YoY