HDFC AMC Q2 profit grows 20%, revenue up 18%
Sequentially, the net profit dropped 8% to ₹436.5 crore, while the revenue was up 12% at ₹643.1 crore in Q2 FY24.
Sequentially, the net profit dropped 8% to ₹436.5 crore, while the revenue was up 12% at ₹643.1 crore in Q2 FY24.
HDFC AMC has received the RBI approval to acquire up to 9.5% stake each in Karur Vysya Bank and DCB Bank
Abrdn Investment, formerly Standard Life, to sell its entire 10.2% stake in HDFC AMC via a block deal today.
Both HDFC (Housing Development Finance Corporation and HDFC Bank expect the merger to be completed in July this year.
The asset management company reported 9.5% YoY growth in its profit at ₹376.1 crore for Q4FY23, while revenue rose 5% YoY to ₹540.9 crore.
SBI Mutual Fund on Monday purchased 47.33 lakh shares of HDFC AMC for ₹757.40 crore through an open market transaction.
abrdn Investment Management will sell its entire 10.21% stake in HDFC AMC, which would fetch around ₹4,700 crore to the U.K.-based firm.
Legendary fund manager Prashant Jain’s solo’s journey coincides with an upturn in value investing cycle.
A look at how the schemes managed by one of the most sought after fund managers, Prashant Jain, have performed vis-à-vis their peers since the inception of the funds.
Prashant Jain heads the largest equity portfolio among Indian AMCs. With equities on the boil, Jain dives into what he knows best—making sense of the market.