Q1 2024 HDFC Asset Management Company Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to Q1 FY ['24] Earnings Conference Call of HDFC Asset Management Company Limited. (Operator Instructions) Please note that this conference is being recorded.
From the management team, we have with us Mr. Navneet Munot, Mr. Naozad Sirwalla; and Mr. Simal Kanuga.
I now hand this conference call over to Mr. Simal Kanuga, who will give us a brief following which, we will proceed with the Q&A session. Thank you, and over to you, Mr. Kanuga.
Thank you. Thanks, Nirav, and good evening, everyone. So we'll start with the data for the industry. The quarterly average assets under management for the quarter ended June 2023, has now reached to INR 43.1 trillion, a growth of 14% year-on-year. Quarterly average AUM for actively managed equity-oriented funds stood at INR 20.6 trillion, while equity-oriented index funds stood at closed to [INR 0.6 trillion].
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