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This Article is From Apr 28, 2021

HDFC AMC Q4 Review - Steady Performance; Market Share To Be Watched: ICICI Direct

HDFC AMC Q4 Review - Steady Performance; Market Share To Be Watched: ICICI Direct
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

HDFC Asset Management Company Ltd. reported a steady operational performance though lower than expected assets under management growth and continued loss in market share remain a concern.

Industry AUM increased from Rs 31 lakh crore as of Q3 FY21 to Rs 31.4 lakh crore as of Q4 FY21, largely led by pick up in equity markets and offset by outflow in debt segment.

Equity related AUM increased 6.5% QoQ at Rs 13 lakh crore, proportion of equity AUM were at 41% versus 39% QoQ.

Debt schemes witnessed outflow thereby declining ~4% QoQ.

Systematic investment plan inflows increased sequentially from Rs 8,400 crore to Rs 9,200 crore.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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