HDFC Asset Management Company

NSE: HDFCAMCBSE: 541729
Compare with peers
₹ 2,316.70▲ 16.7 (+0.73%)29 Oct, 03:29 pm IST
Market cap
₹ 96,482 Cr.
P/E
33.1x
P/B
10.55x
52-week range
2,205.6 – 2,901.5
ROE
33%
ROCE
43%
Dividend yield
2.4%
Debt / equity
0.02
Sector
Capital Markets
Industry
Asset Management Company
Listed on
NSE, BSE

About

HDFC Asset Management Company Limited is an India-based mutual fund manager. The Company is engaged in the business of providing asset management services to HDFC Mutual Fund and alternative investment fund and portfolio management and advisory services to clients. It offers a comprehensive suite of savings and investment products ranging from mutual funds, including both actively managed and passive options, to portfolio management services and alternative investment opportunities catering to the needs of a diverse customer base. It offers financial management services, financial advisory, brokerage, and consulting services. It has a network of 228 investor service centers (ISCs) across more than 200 cities. It offers portfolio management services and separately managed account (SMA) services to meet the investment needs of its clients, including high net worth individuals (HNIs), family offices, domestic corporates, trusts, provident funds, and domestic and global institutions.

Quick check

The five things to look at first. Open one for more.

HDFC Asset Management Company against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)33.1 against a typical 31.9: pricier than most peers (1st = cheapest).6th of 10
  • Sales growth+13.9% against a typical +16.3% from a year earlier.6th of 9
  • Profit growth+4.5% against a typical −0.8% from a year earlier.4th of 8
  • Share price, 3 months−9% against a typical −11%.3rd of 9
  • Size₹ 96,482.4 Cr. market value against a typical ₹ 18,431.2 Cr. (1st = largest).2nd of 10

Latest announcements

Exchange filings and their impact on the company.

  • 21 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −1.6% that day
    Strong Q2 with 14% revenue growth and tight costs supports double-digit earnings growth ahead.

    HDFC AMC held its Q2 FY27 earnings call on 15 October 2026. Quarterly average AUM was Rs 9.69 lakh crore, up 10% year-on-year, with revenue at Rs 1,170 crore up 14% and operating profit at Rs 910 crore up 16%. Management highlighted rising SIP-only market share, tight cost control, and new growth from AIFs, PMS including the EPFO mandate, SIF launches and GIFT City funds.

    Filing
  • 15 Oct 2026Outcome of Board MeetingMedium impactNeutralPrice +5.1% that day
    HDFC AMC board approved Q2 and H1 FY27 results; numbers not extractable so trend growth assumed.

    HDFC AMC's board on October 15, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, reviewed by statutory auditors. The meeting was held from 1:00 pm to 2:30 pm. The filing also said the trading window will stay closed till October 17, 2026. Detailed profit and revenue figures were not available in the extracted text.

    Filing
  • 15 Oct 2026ESOP/ESOS/ESPSLow impactNeutralPrice +5.1% that day
    HDFC AMC granted 68,850 options/PSUs with negligible near-term earnings and dilution impact.

    HDFC AMC's Nomination & Remuneration Committee on Oct 15, 2026 granted 53,925 stock options at Rs 2,296.90 and 14,925 performance-linked stock units at Rs 5, totalling 68,850 shares under its 2025 scheme. Options vest 10-40% over years 1-4 and PSUs vest 30% in year 3 and 70% in year 4. The grant is tiny at about 0.02% of shares outstanding, so near-term earnings and dilution impact is negligible while aiding employee retention.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Highest safety

Rated AAA by CARE
AAA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE AAA mfs—22 Oct 2026
Credit rating actions
RatingDetails
22 Oct 2026
Reaffirmed
CARE AAA mfs—CARE—
11 Aug 2026
Reaffirmed
CARE AAA mfs—CARE—
6 May 2026
Reaffirmed
CARE AAA mfs—CARE—

Board meetings

Results dates and other board meetings. Full calendar

Details
15 Oct 2026Financial ResultsTo consider and approve the financial results for the period ended September 30, 2026
15 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
16 Apr 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend, if any.
14 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
15 Oct 2025BonusTo consider bonus
17 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change +0.63%
1 of 2 filing days came with a big price moveBiggest +5.1% on 15 Oct 2026
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales6716957758879349019681,0261,0741,0501,0981,169
Expenses160156180183170170194225197205247238
Operating Profit511539595704764731774801877846852931
OPM %76%78%77%79%82%81%80%78%82%81%78%80%
Other Income14215517317193124233961591126371
Interest222223333444
Depreciation131313141517171818192021
Profit before tax6396797528598408359868761,0158341,090978
Tax %23%20%20%33%24%24%24%18%24%25%23%23%
Net Profit490541604577641639748718770623838750
EPS in Rs11.4712.6714.1413.51514.9417.4816.7817.9814.5519.5617.48

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
12%
5 Years
16%
3 Years
23%
TTM
15%
Compounded Profit Growth
10 Years
20%
5 Years
17%
3 Years
26%
TTM
9%
Stock Price CAGR
10 Years
—
5 Years
11%
3 Years
19%
TTM
—
Return on Equity
10 Years
31%
5 Years
30%
3 Years
32%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
52.29%
−0.13 pts in a year
FIIs
24.07%
−0.62 pts in a year
DIIs
14.57%
+0.44 pts in a year
Public
9.07%
+0.33 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 33.1xEPS (12 months) ₹ 69.48Median P/E 40.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
HDFC Asset Management Company₹ 2,316.70₹ 96,482 Cr.33.1x10.6x33%—
ICICI Prudential Asset Management Company Ltd₹ 2,655.00₹ 1,30,928 Cr.47.7x37.7x—56%
Nippon Life India Asset Management₹ 922.10₹ 59,010 Cr.50.1x16.3x34.5%56.4%
Multi Commodity Exchange Of India₹ 3,017.00₹ 76,931 Cr.52.6x16.6x37.9%57.8%
Motilal Oswal Financial Services₹ 925.00₹ 55,715 Cr.30.8x4.5x15.6%21.2%
Authum Investment & Infrastructure₹ 495.00₹ 41,977 Cr.9x3.3x13.1%74%

Management

Navneet Munot
Chief Executive Officer, Managing Director, Executive Director
Naozad Sirwalla
Chief Financial Officer
Harish Narayanan
Chief Digital and Marketing Officer
Supriya Sapre
Chief Compliance Officer
Leena Vijayvargiy
Chief Risk Officer
Sameer Seksaria
Head - Corporate Client Services
V. Suresh Babu
Head - Operations
Anil Bamboli
Head - Fixed Income

Prices are delayed and for information only. Nothing on this page is investment advice.