News: HDFC AMC reported robust performance, amid rising equities, with market share gain. Strong AUM growth at 16% QoQ (₹7.05 lakh crore), driven by equity AUM (18% QoQ growth), led 11.5% QoQ growth in revenue (₹775 crore) and earnings growth at 11.6% (₹604 crore). Revenue yield declined 2 bps QoQ to 44 bps due to increase in AUM and the same was visible in bottom-line.
Views: Robust AUM growth with marginal gain in market share remains positive. Focus on strengthening distribution including banca and agency channel is expected to aid growth.
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