HDFC AMC's FY26 performance is being examined in more detail today. The most interesting thing is the continuous growth of SIPs — reaching 345 billion rupees per month, which truly signals strong retail investor confidence.

Looking at AUM, it stands at 8.44 trillion rupees, a 19.4% increase year-over-year. EBITDA has also grown at the same pace, up 19.3%. These numbers suggest the company is maintaining market share and is capable of increasing operating leverage.

But it’s also important to understand that not everything is rosy. There is pressure on income, and there is a risk associated with the TER (Total Expense Ratio) that could chip away at margins. Competition is increasing, and this must be kept in mind.

Regarding HDFC AMC shares, my opinion is — hold tactically in the short term, but in the long run, it will remain a strong player. Because the pace at which India’s financial markets are growing and the active participation of retail investors, institutions like HDFC AMC will benefit from this trend. High ROE and profit-sharing policies further strengthen this story.