HDFC Asset Management Share Price: HDFC Asset Management Company’s stock rose over 1 per cent on Friday (June 5), after HDFC Mutual Fund announced temporary restrictions on large investments in its Gold ETF and Gold ETF Fund of Funds (FoF).
HDFC Asset Management Share Price
As of 9:45 am, the share price of the BSE 100 stock was up 1.3 per cent, or Rs 31.05, to trade at Rs 2,500.90. During the trading session, the stock touched a high of Rs 2,505.85, reflecting an intraday gain of nearly 1.5 per cent.
HDFC Asset Management Share Price Target 2026
Following this update, global brokerage firm Citi issued a Neutral rating on the stock and maintained a target price of Rs 2,800. This target reflects an upside of 12 per cent from the current price level.
The brokerage noted the company’s move while highlighting that direct lump-sum investments of Rs 25 crore or more in the HDFC Gold ETF are restricted from June 8, 2026.
For the FoF, lump-sum and switch-in transactions are capped at Rs 10 lakh per PAN per month, effective June 5, 2026.
Citi expects the impact on AMC revenues to be negligible, contributing less than 1 per cent from incremental gold ETF flows. The restrictions aim to manage inflows efficiently amid prevailing market conditions, while the firm continues to monitor redemption trends as a key sentiment indicator.
HDFC AMC Stock Performance
On a broader note, the stock has shown mixed performance across timeframes. It fell in the short term, with a weekly decline of 7.31 per cent and a 1-month drop of 11.26 per cent. Year-to-date performance is down 5.99 per cent.
However, medium- to long-term returns remain strong, with a 1-year gain of 1.85 per cent, a 2-year rise of 34.45 per cent, a 3-year surge of 153.69 per cent, and a 5-year return of 62.38 per cent, indicating robust long-term wealth creation despite recent pressure.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
