HDFC AMC reports 42% rise in Q1 net profit
16th Jul 2019

HDFC Asset Management Company (AMC) has reported results for first quarter ended June 30, 2019.

The company has reported 42.16% rise in its net profit at Rs 291.79 crore for the quarter under review as compared to Rs 205.26 crore for the same quarter in the previous year. Total income of the company increased by 10.29% at Rs 552.75 crore for Q1FY20 as compared Rs 501.19 crore for the corresponding quarter previous year.

HDFC AMC provides the product and services of Asset Management is childrens gift funds, Fixed maturity plan, Debt/income fund, liquid fund, Equity/growth fund, Exchange traded fund, Fund of fund schemes, Quaterly internal fund, Rajiv Gandhi Equity savings fund, HDFC annual internal fund Series 1.