HDFC AMC Q4 Review – Business Growth Impacted Owing To Decline In Debt, Liquid Funds: KRChoksey


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KRChoksey Research Report

HDFC Asset Management Company Ltd.’s revenue grew 2.7% YoY while declining 6.1% QoQ to Rs 5,163 million in Q4 FY22. The sequential fall reflected a moderation in assets under management growth and pressure on the yields in Q4 FY22 on QoQ basis at Rs 4,312 billion.

The contribution of equity AUM improved to 51% in Q4 FY22. The company has been focusing on increasing its equity-oriented AUM over the past few quarters.

The AUM was impacted owing to lower growth in the debt and liquid funds segments.

HDFC AMC has seen a significant outflow from the corporate investors leading to a drop in debt and liquid fund performance. As of March 31, 2022, the actively managed equity-oriented AUM stood at Rs 1,980 billion.

The company’s market share in AUM declined further to 11.3% from 11.7% in Q3 FY22 and 12.9% in Q4 FY21.

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