HDFC Asset Management Company Limited (HDFC AMC) has announced its financial results for the quarter ended December 31, 2024.
Post the announcement, on January 15, 2025, HDFC AMC share price opened at ₹3,901.85, up from its previous close of ₹3,865.05. At 10:07 AM, the share price of HDFC AMC was trading at ₹4,056.70, up by 4.96% on the NSE.
The company reported financial growth for Q3 FY25, with revenue from operations reaching ₹9,343 million, reflecting a 39% increase compared to Q3 FY24. Operating profit stood at ₹7,472 million, marking a 51% growth year-on-year.
The company continues to strengthen its position in the mutual fund industry, maintaining a market share of 11.5% in Quarterly Average Assets Under Management (QAAUM) for Q3 FY25.
HDFC AMC is also among the largest actively managed equity mutual fund managers, with a QAAUM market share of 12.8% for the same period.
Furthermore, the company stated that it remains a preferred choice for individual investors, holding a 13.2% market share of the individual monthly average AUM for December 2024. Notably, 70% of the company’s total monthly average AUM comes from individual investors, surpassing the industry average of 61%.
HDFC AMC’s QAAUM for the quarter ended December 31, 2024, stood at ₹7,874 billion, up significantly from ₹5,515 billion in Q3 FY24. The company also reported a total of 22.1 million live accounts as of December 31, 2024. Additionally, unique customers, as identified by PAN or PEKRN, totalled 12.6 million, achieving a penetration of 24% within the industry, which has a total of 52.6 million unique customers.
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Published on: Jan 15, 2025, 10:11 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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