Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr

Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr

Press Trust of India • July 17, 2019, 11:35:56 IST
Whatsapp Facebook Twitter

In anticipation of the earnings announced after the market hours, the HDFC AMC counter rallied 3.08 percent to Rs 1,994.30 on the BSE as against the 0.60 percent gains on the benchmark.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Investment income boosts HDFC AMC net 42% at Rs 292 cr in Q1; assets under management up at Rs 3.56 lakh cr

Mumbai: The country’s largest fund house HDFC Asset Management Company on Tuesday reported a full 42 percent jump in net income at Rs 291.7 crore in the June quarter, primarily boosted by investment income as it’s the core income from operations inched up only a tad. The fund house, one of the first to go public with a share sale last fiscal, reported revenue from operations at Rs 504.4 crore, up 7 percent, while other income grew 62 percent to Rs 48.4 crore. Total income also rose to Rs 552.75 crore in the reporting quarter, as compared to Rs 501.19 crore in the corresponding quarter a year ago. [caption id=“attachment_6013191” align=“alignleft” width=“380”]Representational image. Reuters. Representational image. Reuters.[/caption] Assets under management rose to Rs 3,56,700 crore, a year-on-year increase of 18 percent, the fund house said, stressing that it is much faster than the industry average. As much as 59.2 percent of its total monthly average assets under management are contributed by individual investors compared to 54.3 percent for the industry, the company said. Replying to a question on its exposure to companies in the beleaguered Essel group, managing director Milind Barve told reporters in a concall that the investment has been taken at fair value and it has been valued also at the fair value. The schemes’ total exposure was Rs 1,200 crore, he said, adding the fund house has taken a part of that on to itself. He, however, declined to comment further on the matter saying that it is a “quasi-judicial” matter now. It can be noted that the fund house had in June said it would buy back the NCDs worth Rs 500 crore of the Essel group with shareholders’ fund—a move that rattled its shares and forcing the regulator SEBI late June to issue strict guidelines ordering fund houses not to engage in any such investor protection measures and also not to enter into any standstill pacts with any companies they have exposures to. In anticipation of the earnings announced after the market hours, the HDFC AMC counter rallied 3.08 percent to Rs 1,994.30 on the BSE as against the 0.60 percent gains on the benchmark.

Tags
NewsTracker SEBI BSE Essel Group NCDs hdfc amc HDFC Asset Management Company
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV