In comparison, the company had posted a net profit of Rs 276.17 crore in the year-ago period.
The company’s total income declined 17.90 per cent YoY to Rs 449.62 crore in the January-March quarter from Rs 547.67 crore in the same period last year.
The total asset managed by the fund house declined by 7.21 per cent to Rs 3,19,100 crore at the end of March 2020 from Rs 3,43,900 crore in the same period last year.
The average assets under management of actively managed equity funds stood at Rs 1.2 lakh crore as on March 2020 with a market share of 14.70 per cent. This excluded arbitrage and index funds.