HDFC Asset Management Company Ltd.Strong Growth Amid Regulatory Changes

HDFC AMC delivered robust Q3 FY26 results with profit after tax surging 20% year-on-year to ₹770.1 crore and operating revenue growing 15% to ₹1,074.3 crore.

The company crossed significant milestones with total AUM exceeding ₹9 lakh crore and equity-oriented AUM surpassing ₹6 lakh crore, representing 65.5% of the asset mix. Operating margins expanded to 36 basis points, demonstrating disciplined cost management despite telescopic pricing pressures. SIP flows grew 24% year-on-year to ₹4,730 crore monthly, reflecting strong recurring revenue momentum. The structured credit fund completed its first close at ₹1,290 crore with IFC as anchor investor, marking strategic expansion into alternative investments.

Management addressed upcoming SEBI regulatory changes effective April 2026 that will remove 5 basis points of additional TER, emphasizing confidence in navigating this transition through optimized pricing on new flows and cost discipline, similar to their successful handling of 2019 regulatory changes. The company maintains focus on balancing scale, quality, and profitability while capitalizing on structural industry growth drivers including financialization of savings and digitalization.