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HDFCAMC · NSE · Asset Management Company

HDFC Asset Management Company Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
cheap low confidence No valuation within 120 days; P/E 32.9 vs peers 37.2 (6th of 13); P/B 10.3 vs peers 11.6 (5th of 12).
Statements through FY2026Prices adjusted for 1 corporate actionNot yet reviewed by the adversarial model

What is HDFC Asset Management Company's share price today?

HDFC Asset Management Company last traded at ₹2,289.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.2% on the day, down 20.2% over a year. Its 52-week range is ₹2,206 to ₹2,967. The live price is in the app.

₹2,289.70 +1.2% today
−20.2% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range11% of the way up
Low ₹2,206High ₹2,967

What is HDFC Asset Management Company's market cap?

HDFC Asset Management Company's market capitalisation is about ₹97,078 crore: what it would cost to buy every share at today's price. That makes it the 98th largest large cap company we cover.

₹97,078 Cr Large Cap98th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: HDFCAMC
ISIN
INE127D01025
Cap bucket
Large Cap, 98th largest by market cap
Industry (NSE)
Financial Services › Capital Markets › Asset Management Company
Listed since
2018
Futures and options
Traded

Is HDFC Asset Management Company overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 32.9 vs peers 37.2 (6th of 13); P/B 10.3 vs peers 11.6 (5th of 12).

Valuation

Latest price and trailing 12 months
P/E 32.87
vs peers 37.2 · 6th of 13
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 10.29
vs peers 11.6 · 5th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹97,078 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 2.4%
vs peers 1.1% · 4th of 10
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 4.15
vs peers 8.5 · 4th of 9
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.26
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is HDFC Asset Management Company a quality business?

CLEAN on 12 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
12 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; cost to income is operating expenses over net interest income plus other income; ROA over average total assets; ROE over average equity; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 19.5%
vs peers 45.6% · 1st of 13
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 30.5%
vs peers 20.9% · 5th of 14
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Has HDFC Asset Management Company made money for shareholders?

Mixed: −20.2% over one year and +9.4% a year over five years.

Shareholder returns

1-year return −20.2%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +9.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.6%
1M
−6.1%
3M
−17.7%
6M
−11.1%
1Y
−20.2%
3Y
+18.6%
5Y
+9.4%

Does HDFC Asset Management Company pay a dividend?

Yes. HDFC Asset Management Company's dividend yield is 2.44% at the latest price; the last payout was ₹54.00 a share, ex-dividend 5 Jun 2026.

Dividends

Per share, by ex-dividend date
Dividend yield2.44%
The past 12 months' dividends as a share of today's price.
5 Jun 2026 · Final₹54.00
6 Jun 2025 · Final₹45.00
18 Jun 2024 · Interim₹35.00
18 Jun 2024 · Final₹35.00
9 Jun 2023 · Final₹24.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is HDFC Asset Management Company growing?

Revenue 3 years 23.0% a year; eps 3 years 26.1% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 23.0% a year
vs peers 28.4% · 12th of 14
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 26.1% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years Not available
Compound annual growth of revenue over five years. Learn more →
EPS 5 years Not available
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did HDFC Asset Management Company do last quarter?

HDFC Asset Management Company reported income of ₹1,363 Cr, up 13.9% on a year earlier and a net profit of ₹837 Cr, up 16.2% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹1,363 Cr
+13.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹837 Cr
+16.2% on a year earlier
What was left for shareholders after every cost and tax.

How does HDFC Asset Management Company compare with its peers?

Compared with 13 Capital Markets (the industry, as the basic industry was too small); 6th of 13 on P/E.

Compared with 13 Capital Markets (the industry, as the basic industry was too small)

13 companies

HDFC Asset Management Company against its peers

Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
HDFC Asset Management Company Ltd₹97,078 Cr32.910.332.9%−20.2%
ICICI Prudential Asset Management Co Ltd₹1.5 L Cr30.033.285.8%+17.2%
BSE Ltd₹1.3 L Cr47.819.049.1%+32.8%
Billionbrains Garage Ventures Ltd₹1.2 L Cr48.311.226.4%+46.5%
SBI Funds Management Ltd₹1.0 L Cr——43.0%−18.0%
Multi Commodity Exchange of India Ltd₹84,611 Cr54.921.643.4%+85.6%
Nippon Life India Asset Management Ltd₹66,884 Cr40.711.635.5%+18.1%
Motilal Oswal Financial Services Ltd₹61,865 Cr31.24.812.2%+2.2%
360 ONE WAM Ltd₹42,749 Cr33.75.76.1%−4.8%
Anand Rathi Wealth Ltd₹33,851 Cr74.224.645.3%+38.9%
Nuvama Wealth Management Ltd₹32,556 Cr29.6—33.0%+22.5%
Peer median—37.211.633.0%+18.1%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns HDFC Asset Management Company?

HDFC Asset Management Company is held by promoters 52.3%, foreign institutions 24.1%, domestic institutions 14.8%.

Shareholding pattern

Latest filing, percent of shares
Promoters52.3%
The founders and controlling group.
Foreign institutions24.1%
Overseas funds investing through the FPI route.
Domestic institutions14.8%
Indian insurers, banks, pension and mutual funds together.
Mutual funds8.5%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about HDFC Asset Management Company?

26 analysts cover HDFC Asset Management Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

26 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does HDFC Asset Management Company do and what is it sensitive to?

HDFC Asset Management Company Limited provides asset management services to mutual funds and alternative investment funds, and portfolio management and advisory services to clients. Sensitive to: investor redemptions after underperformance.

Business-model card

FY2026 · 37 verified
2Revenue
6Channels
2Regulators
3Reg. dependencies
4Sensitivities
4Costs
3Geographies

HDFC Asset Management Company Limited provides asset management services to mutual funds and alternative investment funds, and portfolio management and advisory services to clients. In FY2025-26 its consolidated revenue from external customers was 4,122.16 crore, of which 4,103.15 crore came from HDFC Mutual Fund, the only customer above 10% of revenue.

Revenue by segment

year ended March 31, 2026 (consolidated, from the Group's Segment Revenue table in chunk 6)
Within India100.0%
Outside India0.0%

Revenue engine

2 verified
Asset management services to mutual funds and alternative investment funds
Interpretation: revenue is earned for managing the investment assets of mutual funds and AIFs. Excerpt 29 links the company's Monthly Average Assets Under Management (MAAUM) to its investor base.
Portfolio management and advisory services to clients
Management of client portfolios and advisory services; the excerpt names this as a separate service alongside mutual fund management. Interpretation: revenue is earned on managing and advising client assets.

Customers & channels

6 verified
HDFC Mutual Fund, the only customer above 10% of revenue
Interpretation: the company's revenue is concentrated in a single customer. The excerpt gives 4,103.15 crore for FY2025-26 and 3,481.91 crore for FY2024-25 as revenue from HDFC Mutual Fund.
Individual investors in average AUM (70.0%)
Individual (retail) investors make up most of MAAUM for March 2025. Interpretation: the retail share of assets drives the asset base that the fee revenue is earned on.
Empanelled distributors
Distribution partners that bring investors in, including mutual fund distributors, national distributors, banks, investment advisers and fintech firms.
3 more statements
Parent HDFC Bank as distribution partner
Excerpt describes the parent as a partner in the distribution ecosystem, enabling integration of investment solutions in customer journeys.
Fintech platforms
Excerpt says fintech platforms reach younger, digitally native investors and accelerate SIP adoption.
Digital transactions
Company's own digital capabilities execute transactions; the excerpt states the share as 97%.

Regulators

2 verified
SEBI (Mutual Funds) Regulations, 1996
Governs the mutual fund business the company manages. The excerpt lists compliance with these regulations and related SEBI risk management circulars.
SEBI (Alternative Investment Funds) and Portfolio Managers regulations
Compliance function identifies and communicates applicable SEBI requirements to functions, which update their policies. Interpretation: this covers the AIF and PMS activities the company runs.

Regulatory dependencies

3 verified
Mutual fund regulations and SEBI risk management circular
Interpretation: changes to SEBI's mutual fund rules or the risk management circular would change the compliance and control costs the company carries on its fund business.
Regulatory non-compliance affects revenue and margins
Company states that non-compliance could hurt reputation and, through that, revenue and margins. Interpretation: a regulatory breach is a direct revenue and cost risk.
Prescribed exposure and concentration limits
Interpretation: fixed exposure and concentration limits constrain how the portfolio can be built, so a change in those limits would change how the company can manage investor money.

Sensitivities

4 verified
Investor redemptions after underperformance
When schemes underperform, redemptions rise, which reduces assets under management and revenue. Interpretation: revenue falls as redemptions rise.
Interest rate cycles and market valuations
Investment outcomes are subject to market movements, interest rate cycles and valuation risks. Interpretation: rising or falling rates affect scheme returns and therefore investor flows.
Technology and digital service interruption
Interruption in system availability or performance could materially affect operations, since most transactions are digital. Interpretation: an outage reduces transaction-based revenue.
1 more statement
Tariffs and weather affect growth outlook
Company's macro commentary lists tariffs, weak private investment and adverse weather as risks to growth.

Cost inputs

4 verified
Commissions paid to distributors
Fees and commission expenses are commissions paid to distributors for PMS, AIF and advisory business. Interpretation: commissions rise with PMS, AIF and advisory volumes.
CAMS as Registrar and Transfer Agent
CAMS is described as the registrar and transfer agent that supports the company's operational backbone and distribution partners.
Software Expenses and Allied Services
Software expense line in the Other Expenses note: 52.92 crore in FY2025-26 and 48.38 crore in FY2024-25 (standalone).
1 more statement
Outsourced Services Cost
Outsourced services line in the Other Expenses note: 38.33 crore in FY2025-26 and 33.95 crore in FY2024-25 (standalone).

Geographies

3 verified
India, across states and union territories
Company's national footprint: operations across 36 states and union territories and 279 national offices.
Representative office in Dubai
International presence is one representative office in Dubai, with no manufacturing sites.
Revenue from outside India (0.0%)
Revenue from outside India was a very small share of total revenue for FY2024-25.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (15 Jul 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 54 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Corporate actionBonus 1:1; price history adjusted.
  6. Results filedQ2 FY2026 results filed.
  7. Results filedQ1 FY2026 results filed.
  8. Corporate actionDividend - Rs 90 Per Share.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 12 of 22 lender flags judged; no red flag; 10 could not be judged.
  • Data gapsBusiness quality, Quality score, Net interest margin, Gross NPA, Net NPA, Provision coverage and 9 more: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓4 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓98 months of month-end prices, adjusted for bonuses and splits (1 corporate action)○no valuation of ours yet✓business-model card FY2026 · 37 verified

Questions people ask

What is HDFC Asset Management Company's share price today?

HDFC Asset Management Company last traded at ₹2,289.70 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.2% on the day, down 20.2% over a year. Its 52-week range is ₹2,206 to ₹2,967. The live price is in the app.

What is HDFC Asset Management Company's market cap?

HDFC Asset Management Company's market capitalisation is about ₹97,078 crore: what it would cost to buy every share at today's price. That makes it the 98th largest large cap company we cover.

Is HDFC Asset Management Company Ltd a large cap, mid cap or small cap?

HDFC Asset Management Company Ltd (HDFCAMC) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is HDFC Asset Management Company Ltd's P/E ratio?

32.87, vs peers 37.2 · 6th of 13. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is HDFC Asset Management Company Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 32.9 vs peers 37.2 (6th of 13); P/B 10.3 vs peers 11.6 (5th of 12).

How does HDFC Asset Management Company Ltd make money?

HDFC Asset Management Company Limited provides asset management services to mutual funds and alternative investment funds, and portfolio management and advisory services to clients. In FY2025-26 its consolidated revenue from external customers was 4,122.16 crore, of which 4,103.15 crore came from HDFC Mutual Fund, the only customer above 10% of revenue.

Why is there no Altman Z or debt to equity for HDFC Asset Management Company?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are HDFC Asset Management Company Ltd's peers?

Compared with 13 Capital Markets (the industry, as the basic industry was too small): ICICI Prudential Asset Management Co Ltd, BSE Ltd, Billionbrains Garage Ventures Ltd, SBI Funds Management Ltd, Multi Commodity Exchange of India Ltd and 8 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did HDFC Asset Management Company do last quarter?

HDFC Asset Management Company reported income of ₹1,363 Cr, up 13.9% on a year earlier and a net profit of ₹837 Cr, up 16.2% in the Jun 2026 quarter.

Who owns HDFC Asset Management Company?

HDFC Asset Management Company is held by promoters 52.3%, foreign institutions 24.1%, domestic institutions 14.8%.

Does HDFC Asset Management Company pay a dividend?

Yes. HDFC Asset Management Company's dividend yield is 2.44% at the latest price; the last payout was ₹54.00 a share, ex-dividend 5 Jun 2026.

What do analysts say about HDFC Asset Management Company?

26 analysts cover HDFC Asset Management Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on HDFC Asset Management Company, and 6,621 other companies, with 212 filters and the full peer tables

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