HDFC Asset Management Q1 FY23 net profit down by 9% to Rs 31.4bn

HDFC Asset Management Company has reported a net profit of INR 31.42 billion for the quarter ended 30 June 2022 (Q1 FY23), a 9% decline compared to INR 34.54 billion in the same quarter of the previous fiscal year.

The Indian mutual fund manager earned an income of INR 5,329 million in Q1 FY23, which is a 12% decrease compared to INR 6,080 million in Q1 FY22.

HDFC Asset Management Company said that its total live accounts were 10.2 million as on 30 June 2022.