Page 7 - Hdfc Amc

HDFC AMC reports 9% decline in profit to Rs 314 cr in June quarter

HDFC Asset Management Company (AMC) on Friday reported a 9 per cent decline in profit after tax at Rs 314.2 crore in the three months ended June 2022. In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 345.4 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company's revenue from operations rose 3 per cent to Rs 521.6 crore in the first quarter of FY23 from Rs 507.1 crore in the same quarter preceding fiscal. Its Average Asset Under Management (AAUM) stood at Rs 4.15 lakh crore for the June quarter. The same was Rs 4.17 lakh crore for the corresponding period last year. HDFC AMC, investment manager to HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.

India's largest equity fund manager Prashant Jain to leave HDFC: Report

Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July

Mutual Fund industry largely under-penetrated in India, says Deepak Parekh

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space

HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification

HDFC AMC hits new 52-week low on MSCI exclusion; stock down 18% in a month

From India, MSCI has added 4 stocks - Adani Power, AU Small Finance Bank, Jindal Steel & Power and Tata Elxsi, whereas, deleted HDFC AMC.

AU SFB shares jump 6% after MSCI includes stock in global indices

Four domestic stocks added, one excluded from MSCI Standard index

HDFC AMC's Q4 net rises 8.7% to Rs 344 cr; income up 6.5% to Rs 581 cr

The company's total income rose to Rs 580.93 crore in the period under review from Rs 545.57 crore in the fourth quarter ended on March 31, 2021

HDFC Group shares falter: HDFC at 6-month low; HDFC Life hits 52-week low

HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.

Stocks to Watch: RIL, ICICI Bank, Yes Bank, HDFC Life, SBI Life, Voda Idea

Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.

HDFC AMC, Aditya Birla Sun Life AMC hit 52-week lows in a firm market

Shares of Aditya Birla Sun Life AMC hit a low of Rs 569, its lowest level since listing on October 11, 2021

Sensex gains 383pts, broader indices outperform; Tata Steel up 4%, RIL 2.4%

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers

HDFC AMC Q1 profit up 2% at Rs 344.5 cr; Birla AMC rises 38% to Rs 173 cr

HDFC AMC's operating profit stood at Rs 395.4 crore as compared to Rs 349.1 crore in the quarter ended September 2020

Time to buy HDFC AMC, Bajaj Electricals, says Vaishali Parekh

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

Sensex ends 254 points lower, Nifty below 17,750; HDFC, RIL top drags

Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent

HDFC AMC dips 7% on BSE after 5% equity changes hands via block deals

HDFC Asset Management Company's promoter Standard Life Investment has sought up to Rs 3,000 crore from HDFC AMC share sale, reports say

Stocks to watch: HDFC AMC, Airtel, Atul Auto, Lupin, Future Group stocks

NCLT allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail

Should you subscribe to AB Sun Life AMC IPO? Here's what analysts say

Analysts recommend subscribing to the issue given the company's reasonable valuations, strong return on equity, diverse product portfolio and well recognised promoter group.

HDFC AMC banks on new launches to arrest decline in market share

The fund house has launched four equity funds the past few months to plug gaps in its product basket; it had launched only five actively-managed equity schemes between 2001 and 2020

HDFC AMC to broad-base its equity portfolio over next few quarters

Despite being one of the top players in the industry, HDFC AMC has witnessed a drop in market share in the past year

HDFC AMC reports 14% surge in profit after tax to Rs 345.45 crore in Q1

HDFC Asset Management Company (AMC) on Friday reported over 14 per cent surge in profit after tax to Rs 345.45 crore for the three months ended June 30. The asset management firm had posted a profit after tax (PAT) of Rs 302.36 crore in the same quarter preceding fiscal, HDFC AMC said in a regulatory filing to the stock exchanges. The company's total income rose to Rs 607.99 crore in the June quarter, from Rs 491.31 crore in the year-ago period. The company's average assets under management increased 17 per cent to Rs 4,16,900 crore as of June-end 2021, compared to Rs 3,56,200 crore in June 2020, giving it a market share of 12.6 per cent. HDFC AMC, investment manager of HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.