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HDFC AMC reports 15% rise in Q2 net profit

HDFC Asset Management Company (AMC) has reported results for second quarter ended September 30, 2018.

The company has reported 14.52% rise in its net profit at Rs 205.91 crore for the quarter under review as compared to Rs 179.81 crore for the same quarter in the previous year. Total revenue of the company increased by 12.59% at Rs 515.24 crore for Q2FY19 as compared Rs 457.62 crore for the corresponding quarter previous year.

HDFC AMC provides the product and services of Asset Management is childrens gift funds, Fixed maturity plan, Debt/income fund, liquid fund, Equity/growth fund, Exchange traded fund, Fund of fund schemes, Quaterly internal fund, Rajiv Gandhi Equity savings fund, HDFC annual internal fund Series 1.

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