INSUBCONTINENT EXCLUSIVE:
With a rally of more than 4 per cent on Monday, shares of HDFC Asset Management Company traded at three times their issue price of Rs 1,100
The scrip scaled its fresh record high of Rs 3,336 in early trade on Monday.
A couple of recent developments have worked in favour of the
crore in the three months ended September 30, 2019
It had posted a profit after tax (PAT) of Rs 205.9 crore for the year-ago period.
Total income rose by 7 per cent to Rs 549 crore from Rs
consistent returns in the past with top funds witnessing continuous flows
numbers in Q2FY20 with modest top line growth but healthy improvement in margins backed by lower taxation expenses and lower fees and
supported by a strong brand presence through the HDFC group association
In our view, mutual funds industry in India is underpenetrated and offer long term growth prospects for channeling household financing
HDFC AMC is among the unique pure-play investment opportunities to take exposure to the mutual funds in India and a quality asset with a
credible track record, superior margin profile and healthy ROEs (>30 per cent).
