HDFC Asset Management Company's June quarter net profit surged by 27 percent to ₹477 crore, compared to ₹376 crore recorded in the same period last year, primarily driven by higher income.

The company's income saw a healthy growth of 15 percent, reaching ₹733 crore compared to ₹638 crore in the previous year. However, overall expenses increased to ₹161 crore from ₹146 crore, with a significant rise in employee benefits, reaching ₹84 crore as opposed to ₹72 crore in the same quarter last year.

The average assets under management (AUM) for the quarter showed a remarkable increase of 17 percent, amounting to ₹4.86 lakh crore compared to ₹4.15 lakh crore in the previous year. The equity assets also experienced a notable surge of 26 percent, reaching ₹2.49 lakh crore from ₹1.97 lakh crore.

In terms of specific asset categories, debt market assets rose by 2 percent, reaching ₹1.30 lakh crore from ₹1.27 lakh crore, while liquid fund assets increased by 12 percent, reaching ₹77,400 crore from ₹69,100 crore.

The number of unique investors based on PAN card registrations with HDFC AMC rose to 7.1 million, a significant increase from the 6 million recorded last year. Additionally, for the entire industry, the number of unique investors increased to 38.3 million, up from 35.3 million.

Systematic transactions during the June quarter amounted to ₹18,900 crore, a considerable rise from ₹12,800 crore in the previous year. The fees and commission paid during the quarter also increased to ₹99 lakh from ₹59 lakh in the corresponding period of the last year.

To meet the prescribed net worth requirements for the Registered Fund Management Entity (Retail) under the International Financial Services Centres Authority and to cover the operating expenses of its wholly-owned subsidiary HDFC AMC International (IFSC), HDFC AMC made an additional investment of ₹25 crore in the equity capital of the subsidiary.