HDFC AMC net up 12% in Q1; Abakkus MF launches large & midcap fund

HDFC AMC reported a 12% rise in June-quarter profit to ₹837 crore and Abakkus Mutual Fund has launched a large & midcap fund

HDFC AMC net up 12% to Rs 837 crore in Q1

 

HDFC AMC on Wednesday reported a 12 per cent growth in net profit at Rs 837 crore for the June quarter. Its net profit in the year-ago period was Rs 748 crore. Revenue from operations rose 14 per cent year-on-year to Rs 1100 crore. The AMC managed average assets of Rs 9.4 trillion through its mutual fund (MF) schemes during the quarter, which is 11.2 per cent of the total assets of the MF industry. Its MF schemes recorded 17.2 million systematic transactions in June 2026 valued at Rs 4,810 crore.

 

 

Abakkus MF launches large & midcap fund

 

Abakkus Mutual Fund (MF) on Wednesday announced the launch of its large & midcap fund. The scheme will allocate around 35-45 per cent to stocks in each of the large-cap and mid-cap market segments. According to the fund house, the combination will provide investors a balanced opportunity to participate in both established market leaders and emerging growth companies through a research-led investment approach, the fund house said. "As India’s economic landscape continues to evolve, it is creating compelling opportunities across both established market leaders and emerging businesses with the potential to become tomorrow’s champions," said Sunil Singhania, Founder, Abakkus Asset Manager. 

Groww parent’s Q1 profit nearly doubles to ₹735 cr 

Billionbrains Garage Ventures, the parent company of the digital investment platform Groww, on Wednesday reported a 94.3 per cent year-on-year increase in consolidated Profit After Tax (PAT) to ₹735.04 crore for the quarter ended June 30. Bengaluru-headquartered  company had earned a PAT of ₹378.35 crore in the corresponding period last year. The company's revenue from operations rose 66 per cent to ₹1,501.42 crore during the April-June quarter of FY27 from ₹904.40 crore a year earlier, according to a stock exchange filing. On a sequential basis, revenue from operations remained largely flat at ₹1,501.42 crore, compared with ₹1,505.37 crore in the January-March quarter of FY26. PAT, however, increased from ₹686.36 crore in the preceding quarter. Total expenses increased to ₹555.68 crore from ₹444.67 crore in the year-ago period. Shares of the company were trading 3.7 per cent higher at ₹211.4 on the BSE in the afternoon trade. 

SAT adjourns FPI appeals amid Sebi’s objections 

The Securities Appellate Tribunal (SAT) on Wednesday adjourned hearing in the pleas filed by five foreign portfolio investors to August 3 following objections raised by the market regulator on maintainability of the applications. The appeals have been filed by LTS Investment Fund, Cresta Fund, Asia Investment Corporation Mauritius, APMS Investment Fund, and Albula Investment Fund. The five FPIs were named by the now-defunct short-seller Hindenburg Research in its report against the Adani group. The FPIs had claimed that the rules mandate the adjudicating officer to form an opinion on whether a formal inquiry should be held after considering the response from noticees in a show-cause notice. 

NSE partners with Augmont to boost electronic gold receipts 

The National Stock Exchange of India (NSE) on Wednesday said it has partnered with integrated gold platform Augmont Enterprises to strengthen the development of the electronic gold receipts (EGR) ecosystem in the country. The partnership aims to strengthen the exchange-regulated spot gold market by leveraging Augmont's capabilities in EGR creation, redemption, liquidity provision, delivery and price discovery.