Motilal Oswal Financial Services (MOSL) has reiterated its ‘Buy’ rating on HDFC Asset Management Company (HDFC AMC), assigning a target price of ₹4,800 per share. This implies an upside potential of nearly 18% from the current market price of ₹4,066.00.
The brokerage projects equity assets under management (AUM) to grow by 55% in FY25, 12% in FY26, and 18% in FY27. However, it cautions that FY26 may begin on a relatively weaker note in terms of AUM momentum. Despite recent adjustments in commission structures, MOSL expects a marginal 1 basis point decline in overall yields during FY26 and FY27.
Nevertheless, the firm believes HDFC AMC is well-positioned for long-term growth, supported by a robust brand, strong distribution network, and increasing investor participation in mutual funds.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
