INSUBCONTINENT EXCLUSIVE:
Mumbai: HDFC AMC, which listed its shares earlier this month, saw its profit after tax (PAT) rise 25% to ?205.2 crore for the quarter ended
June 2018, as compared to ?164.6 crore in the same time in previous year
Total revenue for the quarter stood at ?501.1 crore compared to ?417 crore in June 2017, a rise of 20%.
Operating profit margin, which is
the operating profit as a basis point of average AUM, improved to 35 basis points as compared to 32 basis points in June 2017
Total assets under management (AUM) rose 22% to ?3.01 lakh crore from ?2.48 lakh crore.
With a 13.1% market share in total quarterly average
AUM across mutual funds, the company continues to be the second-largest in terms of overall AUM
The ratio of the more profitable equityoriented assets and non-equity oriented assets is 50:50 compared to the industry ratio of 42:58.
SIPs
which continue to be a strong pillar of growth for the industry, saw the company process 3.36 million systematic transactions with a value
of ?1,160 crore in June 2018.
The fund house saw 62.4% of its total monthly average AUM coming from individuals, compared to 52% for the
