HDFC AMC operating profit for the Quarter ended June 30, 2023 at 4,133 million, an increase of 11% over Quarter ended June 30, 2022
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HDFC Asset Management Company Limited today reported its financial performance for the quarter ended June 30, 2023.
CORPORATE HIGHLIGHTS
• QAAUM of ?4,857 billion for the quarter ended June 30, 2023 compared to ?4,153 billion for the quarter ended June 30, 2022, 11.3% 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 ?2,488 billion for the quarter ended June 30, 2023 with a market share of 12.1%. 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 June 30,2023.
• 5.03 million Systematic transactions with a value of ?18.9 billion processed during the month of June 2023.
• Over 75,000 empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 229 branches of which 151 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM is 17.2%.
• As of June 30, 2023, 65% of the company’s total monthly average AUM is contributed by individual investors compared to 57% for the industry.
• Market share of 13.0% 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 12.2 million as on June 30, 2023. Unique customers as identified by PAN or PEKRN now stands at 7.1 million as on June 30, 2023 compared to 38.3 million for the industry, a market share of 18%.
FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED JUNE 30, 2023
• The Operating Profit for the quarter ended June 30, 2023 was ?4,133 million as compared to ?3,737 million for the quarter ended June 30, 2022.
• Profit before tax for the quarter ended June 30, 2023 was ?5,713 million as compared to ?3,850 million for the quarter ended June 30, 2022, growth is primarily driven by other income.
• Profit after tax for the quarter ended June 30, 2023 was ?4,775 million as compared to ?3,142 million for the quarter ended June 30, 2022.
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