HDFC AMC is the country largest' mutual fund manager with a market share of 14.7 per cent (of total industry assets under management, or AUM) as on June 30, 2019
The total income also rose to Rs 552.75 crore in the April-June 2019 quarter
Analysts say investors may be concerned on impact on fund house's balance-sheet
The company has offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs 500 crore worth of their exposures to Essel group firms on to its own books.
HDFC AMC is the second-largest fund house in the country in terms of total assets under management
The stock rallied 4.6% to Rs 1,916, extending its 7% gain in the past three days on the BSE, after the company reported 25% growth in net profit at Rs 2.05 billion in June quarter.
Riding on the strong June quarter results, the shares of the company on Friday opened at Rs 1,832, then surged to an intra-day high of Rs 1,915.95