HDFC Asset Management Company Limited (HDFC AMC) reported its Q3 FY26 earnings, marked by significant AUM growth, exceeding INR9 trillion, with equity-oriented AUM surpassing INR6 trillion. The company highlighted robust SIP inflows, reaching INR47.3 billion in December 2025. HDFC AMC focuses on balancing scale, quality, and profitability, aiming for sustainable growth while managing regulatory changes and optimizing alpha for investors. They serve over 15.4 million unique investors.
Strong Financial Performance
HDFC Asset Management Company Limited (HDFC AMC) announced its earnings for the quarter ended December 31, 2025, with total AUM crossing INR9 trillion and equity-oriented AUM exceeding INR6 trillion. The asset mix includes 65.5% equity. The company’s unique investor count increased by 2.8 million to a total of 15.4 million.
Key Financial Metrics
Total revenue for the quarter was reported at INR12,332 million, with operating revenue at INR10,743 million, a 15% year-over-year growth. Operating profit stood at INR8,557 million with an operating margin of 36 basis points. Profit after tax reached INR7,701 million, indicating a 20% year-over-year growth.
SIP and PMS Growth
Systematic transactions, including SIP and STP, reached INR47.3 billion in December 2025, representing a 24% year-over-year growth. The PMS business saw AUM crossing INR50 billion during the quarter.
Strategic Initiatives
HDFC AMC completed the first close of its structured credit fund, raising commitments of approximately INR13 billion from institutions, family offices, and UHNI investors. A new VC/PE Fund of Funds is in development. The company is focused on building a meaningful high-quality platform that strengthens the overall franchise.
Regulatory Changes and Outlook
HDFC AMC is evaluating the impact of regulatory changes, including the removal of the additional TER and rationalization of brokerage limits, and aims to optimize their effect on margins. The company is focused on deepening engagement and expanding relationships in a consistent and sustainable manner.
Distribution Channel Performance
The HDFC Bank channel is a significant distribution partner. The share of SIP flows through the HDFC Bank channel is meaningfully higher than the overall book share with the bank. Fintech platforms have registered 25 million SIPs in the first 9 months of the financial year.
Source: BSE
