Live HDFC Asset Management Company Share Price Chart

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HDFC Asset Management Company Performance

Days Range

Low: ₹3,598.15
High: ₹3,646.40
Previous Close ₹3,645.75
Open ₹3,646.00
Volume 3,00,204
Day’s Range ₹3,598.15 - ₹3,646.40
52W Range ₹1,728.00 - ₹4,066.50
Market Cap ₹77,830 Cr

HDFC Asset Management Company Fundamentals

ROCE (TTM) 34.65
P/E Ratio (TTM) 40.06
P/B Ratio 11
Industry P/E 19.54
Debt to Equity 0
ROE 27.46
EPS (TTM) 91
Dividend Yield 1.92
Book Value 331.41
Face Value 5

HDFC Asset Management Company Financials

Jun 2023Sep 2023Dec 2023Mar 2024
Expenses161.36177.26177.34172.41
Profit before tax571.26588.09636.83678.84
Operating Profit477.41436.52487.92540.84
Net Profit477.41436.52487.92540.84
EPS in Rs22.3720.4522.8625.33

About HDFC Asset Management Company

History 

HDFC Asset Management Company Limited’s (HDFC AMC) journey began in December 1999 when it was incorporated as a public limited company. It received approval from SEBI to act as the Asset Management Company for HDFC Mutual Fund in July 2000. HDFC AMC is a part of the HDFC Bank, which is a prominent player in various financial sectors, including housing finance, banking, life and non-life insurance, asset management, real estate funds, and education finance. 

Over the years, it achieved remarkable milestones, such as crossing the ₹10,000 crore AUM mark in September 2002 and acquiring Zurich Asset Management Company Limited in June 2003.  In 2014, the company acquired Morgan Stanley Mutual Fund. The company continued to grow, reaching AUM milestones of ₹50,000 crore in January 2009, ₹1,00,000 crore in October 2009, and ₹3,00,000 crore in December 2017.

In August 2018, HDFC AMC conducted an initial public offering (IPO), with HDFC and Standard Life Investments Limited offloading shares. The IPO marked a significant development, and the company’s shares were listed on the stock exchanges.

Housing Development Finance Corporation Limited (HDFC), one of India’s leading housing finance companies, holds a majority stake of 52.56% in HDFC AMC. The company operates as a joint venture between HDFC and abrdn Investment Management Limited (AIML), a subsidiary of Standard Life Aberdeen plc.

Business Segments  

HDFC Asset Management Company Limited (HDFC AMC) is a prominent investment manager for HDFC Mutual Fund, India’s third largest mutual fund with assets under management (AUM) totalling ₹4,36,696 crore as of March 31, 2023. HDFC AMC offers a diverse portfolio of assets, including equity, fixed-income, hybrid, and customised solution-based, theme-based, and goal-based options. The company operates a wide-reaching distribution network through branches, banks, independent financial advisors, and national distributors.

The company, as of March 31, 2023, maintains a significant presence with over 75,000 distribution partners served by 228 branches across the country. 

Subsidiaries of HDFC AMC

  • HDFC AMC International (IFSC) Limited 

HDFC AMC International (IFSC) Limited was launched in May 2022 and offers a range of investment products and services to non-resident Indians (NRIs) and the global Indian diaspora. The company currently offers two funds:

  • HDFC AMC Select AIF FOF – I
  • HDFC AMC All Caps PMS

HDFC AMC International (IFSC) Limited is positioned as HDFC AMC’s offshore hub and will provide both Indian investment solutions for global investors and global solutions for offshore and Indian investors. The company is headquartered in GIFT City, Gujarat, India and has a team of experienced professionals with a deep understanding of the global investment landscape.

Key Personnel 

  • Navneet Munot, Managing Director and CEO

Navneet Munot assumed the role of Managing Director and CEO at HDFC Asset Management Company Limited (HDFC AMC) in February 2021. Under his leadership, HDFC AMC has successfully managed assets exceeding Rs. 4.4 lakh crore, spanning both Equity and Fixed Income Mutual Funds, serving more than 60 lakh investors nationwide.

With nearly three decades of experience in the financial markets, Navneet Munot is a seasoned professional. Prior to his tenure at HDFC AMC, he held the position of Executive Director and Chief Investment Officer at SBI Funds Management Private Limited, where he had the responsibility of overseeing assets under management totalling over USD 150 billion. In October 2023, Navneet was also been elected as the Chairman of the Association of Mutual Funds of India (AMFI).

Management Outlook

  • The management’s commitment to providing a wide range of investment solutions, including both actively managed and passive mutual funds, highlights the goal of catering to various investor preferences and needs.
  • The emphasis on leveraging technology for enhancing distribution and accessibility, along with investments in digital platforms and data analytics, demonstrates a commitment to modernising operations for increased efficiency and reach.
  • The focus on progressing from “client service to client delight” reflects the aspiration to prioritise customer satisfaction, suggesting a commitment to enhancing the overall client experience.
  • The management’s commitment to environmental, social, and governance (ESG) factors in decision-making underscores a growing emphasis on responsible and sustainable investing, which can align with evolving investor preferences and regulatory requirements.
  • The focus on attracting and retaining top talent, along with promoting a culture of innovation and collaboration, signals a commitment to building a high-performing team and fostering a dynamic environment for ongoing growth and development.
Parent Organisation HDFC
Founded 1999
Managing Director Deepak Parekh
NSE Symbol HDFCAMC

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HDFC Asset Management Company FAQs

What is the Share price of HDFC Asset Management Company (HDFCAMC)?

HDFC Asset Management Company (HDFCAMC) share price as of April 24, 2024, on NSE is Rs 3,627.95 (NSE) and Rs 3,653.00 (BSE) on BSE.

Can I buy HDFC Asset Management Company (HDFCAMC) shares?

Yes, You can buy HDFC Asset Management Company (HDFCAMC) shares by opening a Demat account with Angel One.

How do I buy HDFC Asset Management Company (HDFCAMC) from Angel One?

HDFC Asset Management Company (HDFCAMC) share can be brought through the following modes:
  1. Direct investment: You can buy HDFC Asset Management Company (HDFCAMC) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to HDFC Asset Management Company (HDFCAMC) shares.

What is the total Asset of HDFC AMC?

The total asset of HDFC AMC is Rs. 5,880 crores.

What is the main business of HDFC AMC?

The main business of HDFC AMC is to serve as the investment manager of the schemes of HDFC Mutual Fund. Incorporates in 1999 and listed in 2018, HDFC AMC has Rs. 4 trillion in assets under management and 10.2 million live accounts.

Who are the promoters of HDFC AMC?

The two key promoters of HDFC AMC are Housing Development Finance Corporation Limited and Abrdn Investment Management Limited (formerly known as Standard Life Investments Limited).

How many Mutual fund schemes are present under HDFC AMC?

The number of Mutual fund schemes present under HDFC AMC is 85, which are further classified into 26 equity-oriented schemes, 48 debt-oriented schemes, 2 liquid schemes and 9 other hybrid schemes such as arbitrage funds, ETF and FoF as of June 2022.