Mumbai, October 15, 2026: HDFC Asset Management Company Limited (HDFC AMC) reported a 12% year-on-year increase in profit before tax to ₹9,778 million for the quarter ended September 30, 2026, as the company released its Q2 FY27 financial results on Thursday.
Revenue from operations for the quarter stood at ₹11,689 million, up 14% from the same period last year, while operating profit rose 16% to ₹9,069 million. Profit after tax for the quarter reached ₹7,499 million, compared to ₹7,179 million in the corresponding quarter of FY26.
Market share and assets under management
HDFC AMC maintained an 11.1% market share in quarterly average assets under management (QAAUM) of the mutual fund industry, with QAAUM at ₹9,691 billion for the quarter, up from ₹8,814 billion a year earlier. In actively managed equity-oriented funds, the company’s QAAUM was ₹6,085 billion, representing a 12.7% market share.
The ratio of equity to non-equity oriented QAAUM was 67:33, compared to the industry ratio of 58:42. The company processed 18.9 million systematic transactions valued at ₹48.0 billion during September 2026.
Distribution and investor base
HDFC AMC reported over 113,000 empaneled distribution partners, including mutual fund distributors, national distributors, and banks, operating through 280 offices across India. Of these, 196 offices are located in B-30 cities, which contributed 20% to the company’s total monthly average AUM for September 2026.
Individual investors accounted for 70% of the company’s total monthly average AUM in September 2026, compared to 61% for the industry. As of September 30, 2026, HDFC AMC had 32.3 million live accounts and 17.7 million unique customers, representing a 28% penetration rate compared to the industry’s 63.3 million unique customers.
Half-yearly financial performance
For the half year ended September 30, 2026, HDFC AMC reported an operating profit of ₹17,345 million, up from ₹15,330 million in the previous year. Profit before tax for the half year was ₹20,680 million, compared to ₹18,616 million a year ago, while profit after tax reached ₹15,882 million, up from ₹14,659 million.
HDFC AMC, incorporated in 1999, manages HDFC Mutual Fund and had closing assets under management of ₹9.21 trillion as on September 30, 2026.
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