External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

HDFC Asset Management Co Ltd / Equity Bottom-Up

HDFC Asset Management Co Ltd (HDFCAMC IN)

<ul><li>HDFC AMC saw a good quarter as revenue was 1.5% higher to PLe owing to better-than-expected yields at 46.2bps (PLe 45.5bps) led by strong growth in equity QAAuM of 11.5% QoQ to Rs4.1trn.</li><li>Core income saw a slight miss as opex escalated QoQ owing to (1) higher staff cost due to employee addition and engagement expenses, and (2) higher other opex led by costs related to the NFO, business, KYC, etc.</li><li>Equity performance within the 1-year/3-year buckets remains best-in-class, which resulted in strong net flows’ market share of 20% in FY24 (vs 8.6% in FY23).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

HDFC AMC saw a good quarter as revenue was 1.5% higher to PLe owing to better-than-expected yields at 46.2bps (PLe 45.5bps) led by strong growth in equity QAAuM of 11.5% QoQ to Rs4.1trn.Core income saw a slight miss as opex escalated QoQ owing to (1) higher staff cost due to employee addition and engagement expenses, and (2) higher other opex led by costs related to the NFO, business, KYC, etc.Equity performance within the 1-year/3-year buckets remains best-in-class, which resulted in strong net flows’ market share of 20% in FY24 (vs 8.6% in FY23).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HDFC Asset Management Company - Core Earnings Further Upgraded Due to Equity