HDFC Asset Management Company Limited (HDFC AMC) presents its financial overview for the fiscal year 2023-2024, showcasing significant growth and leadership in the Indian mutual fund market. As of March 31, 2024, HDFC AMC manages a robust Quarterly Average Assets Under Management (QAAUM) of ₹6,129 billion, maintaining an 11.3% market share. Reported operational revenue reached ₹25,844 million, showing a 19% increase from the previous fiscal year.
Leadership in the Market:
Investor Preference:
HDFC AMC continues to be a preferred choice for individual investors, securing a 13.3% share of the individual monthly average AUM for March 2024.
Explore: HDFC AMC Share Price
Operational Footprint:
Annual Growth:
Quarterly Financials for Q4 FY 2023-2024:
QAAUM Performance:
Investor Engagement:
Individual Investors: Individual investors contribute to 71% of the company’s total monthly average AUM, significantly higher than the industry average of 61%.
Additional Read: Quarterly Result
Financial performance for Q4 FY24 compared to Q3 FY24
Additional Read: Annual Results
HDFC AMC was established in 1999 and serves as the Investment Manager to HDFC Mutual Fund, which is one of India's largest mutual funds. As of March 31, 2024, HDFC Mutual Fund reported a closing Assets Under Management (AUM) of Rs 6.07 trillion.
HDFC AMC provides a broad array of savings and investment solutions. These include a variety of mutual funds encompassing both actively managed and passive strategies, portfolio management services, and alternative investment options. These diverse offerings cater to the varied financial goals and needs of a large and diverse client base. The company has a substantial investor base, with 9.6 million unique mutual fund investors and 16.6 million live accounts. HDFC AMC’s expansive operational network includes 254 branches and more than 85,000 distribution partners. The company also leverages modern digital platforms to enhance accessibility and service quality for clients throughout India.
Results for the Fourth Quarter and Full Year Ended March 31, 2024
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Source - https://www.hzlindia.com/wp-content/uploads/Earnings-Press-Release_Q4FY24-_-190424.pdf
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