Gaurav Seth appointed as CEO of 5paisa Capital Limited, effective January 14, 2025
HDFC AMC Ltd Q3 Results FY2024, Net profit at Rs.487.92 Crores

On 11th January 2024, HDFC AMC Ltd announced its quarterly results.
Key Highlights:
- Revenue from Operations was at Rs.671.32 Crores for Q3FY24
- Profit before tax was reported at Rs. 636.83 Crores
- Net Profit was reported at Rs.487.92 Crores
Business Highlights:
- With an 11.2% market share in QAAUM of the mutual fund sector, HDFC AMC reported QAAUM of ₹5,515 billion for the quarter ended December 31, 2023, compared to ₹4,448 billion for the quarter ended December 31, 2022.
- In December 2023, 6.81 million systemic transactions totaling ₹26.3 billion were completed.
- With a market share of 13.2% of each monthly average AUM for November 2023, the business is among individual investors' top picks.
- As of December 31, 2023, there were 14.9 million active accounts worldwide. As of December 31, 2023, there were 8.7 million unique consumers as determined by PAN or PEKRN, a share of 20.6%, compared to 42.0 million for the industry.
- As of December 31, 2023, the business has invested a total of Rs 6469.5 crore. of which, mostly due to regulatory requirements, around 90% is invested in mutual funds. Debentures and tax-free bonds account for 6.1 percent, with AIFs and other equities making up around 3 percent.
- 90% of the mutual fund investments are in debt and liquid funds. The remaining 7.7% is invested in arbitrage funds, while the remainder is in equity-oriented funds.
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