HDFC Asset Management Company Ltd(HDFCAMC)

NSE: HDFCAMCBSE: 541729

₹ 2,250-1.21%refreshed 23 Oct, 03:53 pm ISTMarket cap: ₹ 96,542 crWebsite: www.hdfcfund.comUpdated: 24 Oct 2026

About

HDFC Asset Management Company Ltd is one of India's largest mutual fund managers. It offers equity, debt, liquid and alternative investment products to retail and institutional investors. In Q2 FY27 its quarterly average AUM (QAAUM) was ₹9,691 bn, an 11.1% market share, and its 17.7 mm unique investors were 28% of the industry total. Equity-oriented funds made up 67% of its QAAUM against 58% for the industry, and it reported revenue of 4622.2 crore for FY26.^[1][2][3]

AUM mix and market share

Total QAAUM was ₹9,691 bn in Q2 FY27, up 10% YoY.^[1]
Equity to non-equity QAAUM was 67:33 in Q2 FY27, against 58:42 for the industry. The equity-oriented share rose to 67.1% from 64.9% a year earlier.^[1]
QAAUM market share was 11.1% in Q2 FY27, down from 11.4% in Sep-25. Active equity share fell from 12.9% to 12.7%, and liquid share fell from 11.4% to 9.9%.^[1]
Debt QAAUM fell 13% YoY in Q2 FY27, and closing debt AUM fell 17% YoY.^[1]
Individual investors held 70% of monthly average AUM (MAAUM) and B-30 cities held 20.0% as of Sep-2026.^[1]

Products and brands

Offers mutual funds, portfolio management services and alternative investment funds across equity, fixed income, hybrid and multi-asset classes, on active and passive platforms (FY25).^[4]
Had 105 mutual fund schemes as of FY25: 46 equity-oriented, 32 debt-oriented, 2 liquid and 25 others.^[4]
The 'Index solutions' brand ended FY25 with 44 ETFs and Index Funds and AUM above ₹57,000 Crore.^[4]
The 'HDFC' brand is used under a non-exclusive licence from HDFC Bank. Trademark licence fees were 13.17 crore in FY25.^[4]

Yield and operating margin

Operating margin was 36 bps of AAUM in Q2 FY27. In Q1 FY27 it was 35 bps, within management's target range of 33 - 35 bps.^[1][3]
Equity blended yield was 58 bps of AUM in Q1 FY27. Active equity yield was 61 bps and debt yield was 28 bps.^[3]
Operating margin was 35 bps of AAUM for full-year FY26.^[5]

Systematic flows and investor base

Systematic transactions numbered 18.9 mm worth ₹48.0 bn in Sep-2026. SIP AUM was ₹2,332 bn as of June 30, 2026.^[1][3]
Unique investors reached 17.7 mm as of September 30, 2026, out of 63.3 mm for the industry, a 28% penetration.^[1]
Live individual accounts grew 24% YoY to 32.2 mm in Q2 FY27.^[1]
Fintech platforms registered 25 mn SIPs for HDFC AMC in the first nine months of FY26.^[6]

Distribution reach

Had 280 offices across India and more than 95,000 distribution partners as of FY25, after opening 26 new offices in FY25.^[4]
By channel, total AUM in FY25 came 40.9% from direct, 26.5% from mutual fund distributors, 21.9% from national distributors and 10.7% from banks.^[4]
98% of transactions were digital in H1 FY27, against 97% in FY26.^[1][5]
Over half of all new SIPs came from beyond the top 30 cities as of FY25.^[4]

Alternatives platform

AIF commitments totalled ₹40 bn in Q2 FY27, including the new Select Opportunities Fund (₹5 bn) and Emerging Opportunities Fund-I (₹5 bn).^[1]
Total alternatives AUM, covering AIF commitments, PMS and advisory, was ₹148 bn in Q1 FY27, up from ₹60 bn a year earlier.^[3]
The Structured Credit Fund-I raised about ₹13 bn at its first close in Q3 FY26, anchored by IFC with up to ₹220 cr.^[6]
The Board approved a second VC/PE Fund of Funds in Q1 FY27, with a $50 mn anchor commitment from a global investor.^[3]

International and new products

The wholly owned GIFT City subsidiary had five live inbound funds at the end of FY26. Online investment in its Global Funds was enabled in H1 FY27.^[5][1]
The Board approved the first Specialised Investment Fund (SIF) in Q1 FY27, and a dedicated SIF website was launched in H1 FY27.^[3][1]

Recent developments

A cybersecurity incident occurred on May 16, 2026 and was reported to regulators. The Bombay High Court issued an interim injunction restraining dissemination of the data.^[3]
SEBI moved from TER to a Base Expense Ratio from April 2026; the company managed the change through commission changes.^[3]
21.4 cr shares were allotted under a 1:1 bonus issue on November 27, 2025.^[6]

Market Cap

₹96,542 Cr

High / Low

₹2,901 / 2,206

Stock P/E

32.4

Price / Book

11.2

Book Value

₹215

EPS

₹66.7

No. of Shares

42.84 Cr

ROCE

41.5%

ROE

32.9%

Sales

₹4,622 Cr

Net Profit

₹2,858 Cr

Promoter holding

52.3%

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