HDFC Asset Management Company valuations ride on high growth expectations

Strong equity markets and strong inflows have led to a higher share of equity in QAAUM to 65.7 per cent up 810bps Y-o-Y and 140bps Q-o-Q

Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25.

The equity quarterly average assets under management (QAAUM) growth was 14.7 per cent quarter-on-quarter (Q-o-Q). And, equity AUM market share rose 50 basis points (bps) year-on-year (Y-o-Y) to 12.9 per cent.

SIP flows were up 64.3 per cent Y-o-Y and the share of unique individual accounts up 400 bps to 24 per cent.

Strong equity markets and strong inflows have led to a higher share of equity in QAAUM to 65.7 per cent, up