HDFC AMC profit surges 61% in Q4

Synopsis
For the full year ended March 31, HDFC MF's profit grew 31% to Rs 930.6 crore.
For the full year ended March 31, HDFC MF's profit grew 31% to Rs 930.6 crore as compared to Rs 711.4 crore in the previous year on the back of rising flows into mutual funds. HDFC MF continued to gain market shares with total assets under management (AUM) rising to Rs 3.43 lakh crore, an increase of 18% as compared to industry’s rise of 11%. The ratio of equity oriented assets and non-equity oriented assets is 48:52 compared to the industry ratio of 43:57. HDFC AMC has a market share of 15.4% of the individual monthly average AUM in the industry. The asset manager has declared a final dividend of Rs 12 per share in addition to an interim dividend of Rs 12 taking the total pay out to Rs 24 per share for the year.