HDFC AMC’s growth is expected to be driven by enhancing its core capabilities investment management, risk management, and product management complemented by investments in its sales network relationship, service capabilities, and content.
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Motilal Oswal Report
HDFC Asset Management Company Ltd. has been one of the top-performing players in the industry, benefitting from an experienced team with a strong track record, best-in-class cost management, upside from the HDFC channel, and continued investments to enhance capabilities.
The company’s wide expertise in the industry provides it with an edge over many peers who have recently entered the industry.
We have cut our EPS estimates by 6% each for FY26/27 to account for the impact of weak market performance on markt-to-market and slower growth of equity AUM.
We reiterate our Buy rating on the stock with a target price of Rs 4,800 (premised on 38 times FY27E core EPS).
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