BRSR for the financial year 2024-25
Awaiting price reaction for this filing.
HDFC Asset Management Company has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The company reported a turnover of ₹3,498 crore and net worth of ₹8,134 crore, with 99.54% of revenue coming from fund management services. It serves 1.32 crore unique customers across 280 domestic offices and has a 13.2% market share in individual investor MAAUM. The workforce totals 2,208 employees, with women making up 28% of permanent staff. On the ESG front, 94% of transactions are digital, the head office is LEED Gold certified, and the company processed over 1,100 kgs of e-waste and 4,700 kgs of battery waste responsibly. The report carries reasonable assurance from SGS India for BRSR Core attributes, with no fines, penalties, or complaints related to corruption or conflict of interest during the year.
This is a routine compliance filing with no direct impact on stock price or shareholder value. It reinforces HDFC AMC's ESG credentials, which may appeal to ESG-focused institutional investors and supports its reputation as a responsibly-managed fund house.