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).

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Published on April 17, 2018
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