HDFC Asset Management Company Ltd.Strong SIP Momentum Drives Growth

HDFC AMC delivered robust Q1 FY27 performance with revenue growing 14% year-on-year to ₹11 billion and profit after tax increasing 12% to ₹8.4 billion.

Quarterly average AUM reached ₹9.35 trillion, up 13% year-on-year, with the company maintaining market leadership at 11.2% share. The firm's equity orientation remains a key differentiator, with actively managed equity-oriented AUM growing 16% to ₹5.74 trillion, representing 65.7% of total AUM versus 56.6% industry average. Systematic transactions surged 20% to ₹48.1 billion monthly, reflecting strong SIP momentum that management views as structurally sustainable despite untested investor behavior in prolonged downturns.

The alternatives platform showed impressive 147% growth to ₹148 billion AUM, with concrete pipeline including private credit fund closing this quarter and new VC/PE fund with $50 million seed commitment. Management successfully maintained operating margins at 35 basis points post-regulatory transition from TER to BER through commission optimization and cost discipline. The company continues investing in talent and capabilities across alternatives, digital, and AI while maintaining operating margin guidance of 33-35 basis points.