New Delhi, March 15 -- Asset management companies have been major beneficiaries of India's rising equity penetration since the pandemic years. These stocks have delivered strong returns over the past two years and their assets under management (AUM) have surged more than 200% over the previous five years.

However, with market corrections underway, mutual fund stocks have taken a back seat amid concerns over an earnings slowdown. This trend is evident from February data, which show that mutual fund AUMs declined 4% month-on-month to Rs.64.26 trillion and overall net inflows plummeted 79%.

Amid these charging market dynamics, Mint's Profit Pulse takes a deep dive into whether HDFC AMC, India's third-largest asset management company, can r...