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KR Choksey’s research report on HDFC Asset Management Co
QAAUM (Quarterly Average Assets Under Management) were at INR 5,515 Bn as of December 31, 2023, a growth of 24.0% YoY/ 5.1% QoQ. The equity-oriented AUM to non-equity-oriented AUM ratio stood at 61:39 as of December 31, 2023, compared to the industry ratio of 53:47. • In Q3FY24, revenue stood at INR 6,713 Mn, an increase of 20.0% YoY/ 4.4% QoQ, despite a slight dip in yields. A resilient growth in AUM led to an increase in revenues. 9MFY24’s revenues grew…
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