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 industry.
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