Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Q1 FY26 Earnings Presentation
38 slides from Hdfc Asset Management's earnings presentation, Jul 17, 2025
Slide 1: Outcome of Board Meeting cover letter
Ref/No/HDFCAMC/SE/2025-26/29 Date – July 17, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot C/1, Block G, Sir PJ Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai – 400051 Mumbai – 400001 Kind Attn: Head – Listing Department Kind Attn: Sr. General Manag
Slide 2: Q1 FY26 Earnings Presentation
Q1 FY26 Earnings Presentation (For the Quarter ended June 30,2025)
Slide 3: HDFC AMC at a Glance
HDFC AMC at a Glance AUM Financials ₹8,570 bn ₹5,662 bn ₹60 bn ₹12,005 mm ₹7,480 mm 36 bps Closing AUM1 Equity-Oriented Closing AUM1 Alternatives AUM3 Total Income Operating Margin PAT (Q1FY26) (Q1FY26) (Q1FY26) ₹8,286 bn ₹5,322 bn QAAUM2 Equity-Oriented QAAUM2 Customer base ₹4,963 bn ₹1,702 bn ₹848
Slide 4: Industry
Industry 3
Slide 5: Industry – AUM and Net Sales
Industry – AUM and Net Sales Quarterly Average AUM (QAAUM) Closing AUM 56% 56% 56% 58% 58% 58% 72.1 74.4 67.4 65.7 59.0 11.8 61.2 12.0 10.8 10.7 5.7 6.9 9.8 AUM (₹ trn) 9.6 6.8 5.0 13.5 5.9 13.0 4.9 12.1 10.9 11.9 10.7 37.7 40.5 38.2 43.2 32.8 35.6 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Jun-24 to
Slide 6: Industry - MAAUM by Investor Category & Location
Industry - MAAUM by Investor Category & Location Overall MAAUM by Overall MAAUM by Individual Folios Investor Category Location 61% 60% 61% 18% 18% 18% 239.9 233.1 74.8 74.8 189.9 66.7 66.7 13.8 61.3 61.3 29.4 12.2 11.1 26.4 MAAUM (₹ trn) MAAUM (₹ trn) 23.9 61.0 54.5 50.2 45.4 37.5 40.3 Jun-24 Mar-2
Slide 7: Industry - MAAUM by Investor Category & Location
Industry - MAAUM by Investor Category & Location Individual MAAUM by Asset Equity MAAUM by Investor Equity MAAUM by Class Category Location 83% 83% 84% 91% 90% 90% 27% 28% 28% 45.4 42.1 42.1 40.3 37.5 7.4 37.0 4.1 37.0 34.4 34.4 6.9 3.6 11.7 6.3 3.3 10.3 MAAUM (₹ trn) MAAUM (₹ trn) MAAUM (₹ trn) 9.3
Slide 8: Industry - SIP Flows & AUM
Industry - SIP Flows & AUM SIP Flows SIP AUM 67.0 81.1 86.5 259 273 15.3 13.4 12.4 213 SIP contribution (₹ bn) SIP AUM (₹ tn) Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 No. of contributing SIP Accounts (mm) 7 Source: AMFI
Slide 9: HDFC AMC
HDFC AMC 8
Slide 10: Total AUM & Market Share
Total AUM & Market Share Quarterly Average AUM Closing AUM 11.4% 11.5% 11.5% 11.5% 11.5% 11.5% YoY 23% (₹ bn) (₹ bn) YoY 21% QoQ 7% QoQ 14% 8,286 8,570 7,740 7,545 6,716 7,056 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Market Share Market Share 9 Source: Internal, AMFI
Slide 11: Total AUM & Market Share (Ex ETFs)
Total AUM & Market Share (Ex ETFs) Quarterly Average AUM Closing AUM 12.8% 12.7% 12.8% 13.0% 12.8% 12.8% (₹ bn) (₹ bn) YoY 23% YoY 21% QoQ 7% QoQ 14% 8,085 8,356 7,568 7,358 6,593 6,926 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Market Share Market Share 10 Source: Internal, AMFI
Slide 12: Actively Managed Equity-oriented AUM and Market Share
Actively Managed Equity-oriented AUM and Market Share Quarterly Average AUM Closing AUM 12.9% 12.8% 12.8% 13.0% 12.9% 12.8% (₹ bn) (₹ bn) YoY 22% YoY 19% QoQ 8% QoQ 12% 4,963 5,284 4,609 4,072 4,438 4,699 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Market Share Market Share 11 Source: Internal, AMFI
Slide 13: Debt AUM & Market Share
Debt AUM & Market Share Quarterly Average AUM Closing AUM 13.3% 13.1% 13.1% 13.5% 13.1% 13.3% (₹ bn) (₹ bn) YoY 19% YoY 22% QoQ 7% QoQ 15% 1,702 1,587 1,789 1,427 1,559 1,468 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Market Share Market Share 12 Source: Internal, AMFI
Slide 14: Liquid AUM & Market Share
Liquid AUM & Market Share Quarterly Average AUM Closing AUM 12.0% 12.5% 12.3% 12.7% 11.9% 12.6% (₹ bn) (₹ bn) YoY 19% YoY 17% QoQ (1)% QoQ 20% 852 848 715 718 615 596 Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Market Share Market Share 13 Source: Internal, AMFI
Slide 15: AUM by Segment – HDFC MF & Industry
AUM by Segment – HDFC MF & Industry Quarterly Average AUM June-24 Mar-25 Jun-25 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 64.3% 55.6% 63.8% 55.9% 64.2% 56.2% Debt-oriented 21.3% 18.2% 20.5% 18.0% 20.5% 18.0% Liquid 10.6% 10.1% 11.0% 10.1% 10.2% 9.5% Others 3.8% 16.2% 4.7% 16
Slide 16: Individual Investors – Accounts & MAAUM
Individual Investors – Accounts & MAAUM Individual MAAUM (% of Total) Number of Live Individual Accounts (mm) YoY 19% YoY 31% 4,997 5,307 5,955 24.24 23.17 71.4% 69.6% 69.6% 18.53 60.7% Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25 Industry Jun-25 Individual MAAUM (Rs bn) Individual customers prefer equ
Slide 17: Amongst preferred choice of Individual Investors
Amongst preferred choice of Individual Investors Individual Assets Market Share Jun-24 Mar-25 Jun-25 13.3% 13.3% 13.2% 12.8% 13.1% 13.1% 12.5% 12.9% 12.9% 7.9% 8.2% 8.3% 6.9% 6.7% 6.8% HDFC MF #2 MF #3 MF #4 MF #5 MF #1 HDFC MF #3 MF #4 MF #5 HDFC MF #2 MF #3 MF #4 MF #5 MF MF MF 16 Source: AMFI , b
Slide 18: Unique Investors – HDFC AMC vs MF Industry
Unique Investors – HDFC AMC vs MF Industry Unique Investors 23% 24% 25% 54.2 55.3 (mm) 46.9 13.2 13.7 10.7 Jun-24 Mar-25 Jun-25 HDFC Mutual Fund Mutual Fund Industry HDFC MF penetration in Mutual Fund Industry 17 Source: CAMS. Note: Unique Investors as identified by PANs/PEKRNs of all unit holders &
Slide 19: Systematic Transactions
Systematic Transactions Systematic Transactions(1) (₹ bn) 12.03 SIP AUM(2): ₹ 2,009 bn 40.1 36.5 32.1 29.3 3.16 17.1 11.5 11.8 12.3 11.3 10.4 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Mar-25 Jun-25 #mm systematic transactions Source: Internal (1) Systematic transactions includes System
Slide 20: Multi-channel Distribution Network
Multi-channel Distribution Network Total AUM Equity-oriented AUM Jun-2025 Jun-2025 HDFC Bank 5.6% HDFC Bank 7.2% Banks 10.4% Direct Banks 12.8% Direct 28.2% 42.3% MFDs 25.6% MFDs 32.9% National Distributors National Distributors 26.1% 21.8% Mar-2025 Jun-2024 Mar-2025 Jun-2024 HDFC Bank 6.1% HDFC Ban
Slide 21: Geographic Spread
Geographic Spread Total MAAUM1 by T30 and B30 Cities #2 Player in B-30 Markets1 B 30 MF #1 19.4% 19.8% Others 42.4% HDFC MF, 12.0% MF #3 11.3% MF #5 MF #4 T 30 5.4% 9.1% 80.6% We serve customers across ~98% of all pincodes in India Network of 280 Offices with 196 in B-30 locations2 99k+ empaneled di
Slide 22: Our Digital Stack
Our Digital Stack Investors Partners Engagement & Support Channels Electronic and Physical Transactions as % of Total Transactions HDFC Mutual HDFC MFOnline 10% 6% 4% Fund Partners Co-browsing Services 18% 19% 24% 31% Investor Portal Partners Portal Callback Services 90% 94% 96% 82% 76% 81% 69% Admi
Slide 23: Embedding ESG Principles
Embedding ESG Principles Inclusive Health & Environment Growth Safety ESG Mission To create sustainable wealth for Human Diversity every stakeholder by focusing on Rights People, Planet and Prosperity Ethics, Well Being Transparency Stakeholders of & Employees Accountability Adopted CFA Institute’s
Slide 24: ESG Highlights
ESG Highlights 25,000+ 6.7 lakhs + 'ESG & CSR' committee 56% Students registered under Individuals completed the course under ‘SIP Saheli’ - of the Board of Board of Directors are HDFC MF Planet Aspirations, Investor Education and Awareness initiative to provide drives ESG framework Independent a Un
Slide 25: Financials
Financials 24
Slide 26: Financials Summary – Quarterly Earnings
Financials Summary – Quarterly Earnings (₹ mm) Particulars Q1 FY26 Q1 FY25 Change Income Revenue from Operations 9,678 7,752 25% Other Income 2,327 1,731 34% Total Income 12,005 9,483 27% Expenses Finance Costs 31 23 35% Fees and Commission Expenses 13 9 44% # Employee Benefit Expenses 1,089 1,008 8
Slide 27: Financials Summary – Sequential Quarterly Earnings
Financials Summary – Sequential Quarterly Earnings (₹ mm) Particulars Q1 FY26 Q4 FY25 Change Income Revenue from Operations 9,678 9,012 7% Other Income 2,327 1,237 88% Total Income 12,005 10,249 17% Expenses Finance Costs 31 26 19% Fees and Commission Expenses 13 10 30% Employee Benefit Expenses # 1
Slide 28: Operating Profit Margin
Operating Profit Margin Operating Revenue Operating Expenses Operating Margin (bps of AAUM) 49 47 46 46 14 12 10 10 35 35 36 36 YE FY23 YE FY24 YE FY25 3M FY26 ____________________ Based on internal computations 27
Slide 29: Statement of Assets and Liabilities
Statement of Assets and Liabilities ( ₹ mm) As at Jun 30, As at Mar 31, Particulars 2025 2025 Assets Fi na nci a l As s e ts 75,713 84,742 Non Fi na nci a l As s e ts 3,018 2,793 Total Assets 78,731 87,535 Liabilities And Equity Liabilities Fi na nci a l Li a bi l i ti e s 2,684 2,841 Non Fi na nci
Slide 30: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 73,960 million Breakdown of Total Investments Breakdown of Mutual Fund Investments Equity, 10.5% Arbitrage, 7.6% Subsidiary, 0.5% Debentures & Tax Free Bonds, 4.9% Other Equity, AIFs, Mutual Funds, etc, 5.4% 89.2% Liquid and Debt, 81.9% Mutual Funds
Slide 31: Return On Equity and Dividend Per Share
Return On Equity and Dividend Per Share Return on Equity(1) FY 21 FY 22 FY 23 FY 24 FY 25 30.1% 27.0% 24.5% 29.5% 32.4% Dividend Per Share (₹) (2) and Dividend Payout Ratio 78% 77% 64% 72% 55% 90 70 42 48 34 FY21 FY22 FY23 FY24 FY25 Dividend per share Payout ratio ____________________ (1) Calculated
Slide 32: Notes
NOTES 1. Under Employees Stock Options and Performance-linked Stock Units Scheme – 2025, the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on June 20, 2025 had approved following grants to the eligible employees of the Company and its Wholly Owned
Slide 33: Thank you
Thank you
Slide 34: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer or invitation to sell or the recommendation or solicitation of an offer or invitation to purchase any securities (“Securities”) of HDFC Asset Management Company Limited (the “Company”) in India, the United
Slide 35: Press Release: PBT excluding non-cash employee stock expenses
Press Release July 17, 2025 HDFC AMC’s Profit Before Tax (excluding non-cash charge related to employee stock expenses) for the Quarter ended June 30,2025 at ₹9,918 million, an increase of 31% over Quarter ended June 30,2024. HDFC Asset Management Company Limited (HDFC AMC) declares financial result
Slide 36: Press Release: Corporate Highlights
Mumbai, July 17, 2025: HDFC Asset Management Company Limited today reported its financial performance for the quarter ended June 30,2025. CORPORATE HIGHLIGHTS • QAAUM of ₹8,286 billion for the quarter ended June 30,2025 compared to ₹6,716 billion for the quarter ended June 30,2024, 11.5% market shar
Slide 37: Financial Highlights for the Quarter Ended June 30, 2025
FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED JUNE 30,2025 • The Operating Profit for the quarter ended June 30,2025 was ₹7,534 million as compared to ₹5,793 million for the quarter ended June 30,2024. • Profit before tax for the quarter ended June 30,2025 was ₹9,861 million as compared to ₹7,524 milli
Slide 38: About HDFC AMC
About HDFC AMC Incorporated in 1999, HDFC Asset Management Company Limited (HDFC AMC) is Investment Manager to HDFC Mutual Fund, one of the largest mutual funds in the country with closing AUM of Rs 8.57 trillion as on June 30,2025. The Company offers a comprehensive suite of savings and investment
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