HDFC AMC is likely to announce strong third quarter results with significant growth in revenue and profitability. Kotak Equities estimates a 21% increase in profit and revenue on a year-on-year basis. However, weak market performance might impact other income. HDFC AMC shares have dropped 16% in the last month.
HDFC Defence Fund top performance chart in March with 22% return
HDFC Defence Fund topped equity mutual fund returns in March with 22%. PSU-themed funds followed, with Invesco India PSU Equity Fund and Aditya Birla SL