Money & Banking

HDFC AMC net jumps 31% to Rs 722.50 cr in FY’18

PTI New Delhi | Updated on April 17, 2018 Published on April 17, 2018

Leading mutual fund house HDFC Asset Management Company (AMC) today reported a 31 per cent jump in net profit at ₹ 722.61 crore in 2017-18 compared to ₹ 550.24 crore in the previous financial year.

The company’s total revenue surged 17.6 per cent year-on-year to ₹ 1,867.24 crore in 2017-18 financial year.

Currently, HDFC AMC manages assets base to the tune of over ₹3 lakh crore.

HDFC AMC is a joint venture between HDFC and Standard Life Investments.

Last month, HDFC AMC had filed draft papers with markets regulator SEBI to float an initial public offering (IPO).


Published on April 17, 2018
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