Back Business-Standard

HDFC AMC drops after cyber-security incident disclosure

Business-Standard • May 18, 2026

HDFC Asset Management Company declined 3.29% to Rs 2,614.80 after the company disclosed a cyber-security incident involving certain portions of its IT infrastructure.

HDFC AMC said it immediately activated containment and incident response protocols and appointed a specialist firm to assess the potential impact of the incident.

The company added that the assessment is still ongoing. However, based on the initial review, the incident is unlikely to affect business continuity and there appears to be no material impact on operations.

HDFC Asset Management Company (HDFC AMC) is the investment manager of HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors, and national distributors.

The company reported a 2.42% decline in standalone net profit to Rs 623.29 crore despite 16.56% jump in revenue from operations to Rs 1,050.48 crore in Q4 FY26 over Q4 FY25.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: May 18 2026 | 10:16 AM IST

The full story

This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

HDFC AMC Reports Cybersecurity Incident; Shares Drop Amid Concerns HDFC Asset Management Company disclosed a cybersecurity incident on May 16, 2026, after receiving an anonymous claim of unauthorized access to parts of its IT infrastructure. The company activated its incident response protocols and engaged a cybersecurity firm for a detailed assessment. Initial evaluations indicate that the incident is unlikely to disrupt business operations or have a material impact. However, specific details regarding the nature of the access or potential data compromise remain undisclosed. Following the announcement, HDFC AMC's shares fell by 3.71%, reflecting investor concerns amid rising cybersecurity threats in the financial sector. The incident highlights the growing risks faced by financial institutions, particularly with the rise of AI-driven cyber threats. The company continues to monitor the situation closely as assessments are ongoing. 15 sources 37

Extracted Entities

Companies (2)

HDFC AMC HDFC Asset Management Company