HDFC AMC net profit for the Financial Year ended March 31, 2023 at 14,239 million, an increase of 2% over Financial Year ended March 31, 2022.
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Mumbai: HDFC Asset Management Company Limited today reported its financial performance for the quarter ended March 31, 2023.
CORPORATE HIGHLIGHTS
• QAAUM of ?4,498 billion for the quarter ended March 31, 2023 compared to ?4,321 billion for the quarter ended March 31, 2022, 11.1% market share in QAAUM of the mutual fund industry.
• QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at ?2,317 billion for the quarter ended March 31, 2023 with a market share of 12.0%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country.
• The ratio of equity oriented AUM and non-equity oriented QAAUM is ~54:46, compared to the industry ratio of 49:51 for the quarter ended March 31,2023.
• 4.53 million Systematic transactions with a value of ?17.1 billion processed during the month of March 2023.
• Over 75,000 empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 228 branches of which 150 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM is 17.8%.
• As of March 31, 2023, 67% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.
• Market share of 12.9% of the individual monthly average AUM in the industry, making the company one of the most preferred choices of individual investors.
• Total Live Accounts stood at 11.4 million as on March 31, 2023. Unique customers as identified by PAN or PEKRN now stands at 6.6 million as on March 31, 2023 compared to 37.7 million for the industry, a market share of 18%.
FINANCIAL HIGHLIGHTSFOR THEQUARTER ENDED MARCH 31, 2023
• The Operating Profit for the quarter ended March 31, 2023 was ?3,948 million as compared to ?3,780 million for the quarter ended March 31, 2022.
• Profit before tax for the quarter ended March 31, 2023 was ?4,917 million as compared to ?4,426 million for the quarter ended March 31, 2022.
• Profit after tax for the quarter ended March 31, 2023 was ?3,761 million as compared to ?3,435 million for the quarter ended March 31, 2022.
FINANCIAL HIGHLIGHTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2023
• The Operating Profit of the company for the financial year ended March 31, 2023 was ?15,548 million as compared to ?15,375 million for the financial year ended March 31, 2022.
• Profit before tax for the financial year ended March 31, 2023 was ?18,706 million as compared to ?18,553 million for the financial year ended March 31, 2022.
• Profit after tax for the financial year ended March 31, 2023 was at ?14,239 million as compared to ?13,931 million for the financial year ended March 31, 2022.
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