Mumbai
ICICI Prudential Asset Management Company reported that its net profit was up 6 per cent in the September quarter at ₹889 crore against ₹838 crore logged in the same period last year, on higher in AUM.
Revenue increased 16 per cent to ₹1,674 crore ( ₹1,439 crore) while other income was down 76 per cent at Rs 169 crore (Rs 719 crore). Other income was down due to mark-to-market valuations on treasury investments, surplus cash deployments, or seed capital investments in its own mutual fund schemes, impacting profits.
The leading fund house has declared an interim dividend of ₹30 per equity share.
Overall expenses jumped to ₹493 crore ( ₹418 crore) as employees benefit was up 15 per cent at ₹213 crore ( ₹186 crore) and fees and commission paid was up 32 per cent at ₹133 crore ( ₹102 crore).
The quarterly average AUM of the fund house increased 14 per cent to ₹11.61 lakh crore ( ₹10.15 lakh crore) while the active AUM jumped 11 per cent to ₹9.59 lakh crore ( ₹8.63 lakh crore).
The inflows through Systematic Investment Plan (SIP) was down 3 per cent at ₹4,672 crore ( ₹4,803 crore) as most investors paused their SIP due to negative returns in last few months.
Equity AUM increased 16 per cent to ₹6.59 lakh crore ( ₹5.67 lakh crore) while that of equity hybrid was up 20 per cent at ₹2.29 lakh crore ( ₹1.91 lakh crore).
Debt fund asset dropped 9 per cent to ₹1.81 lakh crore ( ₹1.99 lakh crore) while liquid asset increased 21 per cent to ₹798 crore ( ₹660 crore). Average quarterly passive AUM was up 33 per cent at ₹2 lakh crore ( ₹1.51 lakh crore).
The asset under Specialised Investment Fund was at ₹4,948 crore.
Asset under Portfolio Management Services was up at ₹30,700 crore ( ₹25,364 crore) while that of AIF increased to ₹24,260 crore ( ₹18,687 crore).
The fund house has surplus of ₹5,187 crore with majority invested in debt funds.
Shares of the fund house was down 2 per cent at ₹2,967 on Monday.