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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).
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