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HDFC Asset Management Company has reported that its net profit in March quarter was up nine per cent at ₹344 crore against ₹316 crore logged in the same period last year.
Income increased six per cent to ₹581 crore as against ₹546 crore.
The board has declared a dividend of ₹42.
Expenses increased 12 per cent to ₹138 crore (₹123 crore).
Quarterly asset under management of the fund house was up four per cent at ₹4.27 lakh crore (₹4.12 lakh crore).
Equity asset increased 19 per cent to ₹1.98 lakh crore (₹1.67 lakh crore), while debt fund asset fell nine per cent to ₹1.44 lakh crore (₹1.59 lakh crore).
Liquid fund asset slipped 11 per cent to ₹68,600 crore (₹76,900 crore).
Inflow through systematic investment plan increased to ₹1,230 crore in March quarter (₹1,130 crore).
Shares of the company were down one per cent at ₹2,072 on Wednesday.
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