Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Q1 FY27 Earnings Presentation
34 slides from Hdfc Asset Management's earnings presentation, Jun 30, 2026
Slide 1: Q1 FY27 Earnings Presentation
Q1 FY27 Earnings Presentation (For the Quarter ended June 30, 2026)
Slide 2: HDFC AMC at a Glance
HDFC AMC at a Glance AUM Financials ₹9,319 bn ₹6,346 bn ₹148 bn ₹13,611 mm ₹8,383 mm 35 bps Closing AUM1 Equity-Oriented Closing AUM1 Alternatives AUM3 Total Income Operating Margin PAT (Q1FY27) (Q1FY27) (Q1FY27) ₹9,351 bn ₹6,147 bn QAAUM2 Equity-Oriented QAAUM2 Customer base ₹5,740 bn ₹1,658 bn ₹85
Slide 3: Industry
Industry 3
Slide 4: Industry – AUM and Net Sales
Industry – AUM and Net Sales Quarterly Average AUM (QAAUM) Closing AUM 56% 56% 57% 58% 57% 59% 81.5 83.1 82.2 72.1 74.4 73.7 15.1 15.3 14.8 11.8 12.0 13.6 7.2 7.9 6.5 AUM (₹ trn) 6.9 5.7 5.4 13.7 12.9 13.5 12.3 13.0 12.7 45.6 47.0 43.2 42.1 48.6 40.5 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 June-25
Slide 5: Industry - MAAUM by Investor Category & Location
Industry - MAAUM by Investor Category & Location Overall MAAUM by Overall MAAUM by Folios Investor Category Location 61% 60% 61% 18% 18% 19% 273.9 278.6 84.2 84.2 241.3 79.5 79.5 74.8 74.8 15.6 14.4 33.1 13.8 32.1 29.4 MAAUM (₹ trn) MAAUM (₹ trn) 65.0 68.6 61.0 45.4 47.4 51.1 Jun-25 Mar-26 Jun-26 Ju
Slide 6: 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 84% 83% 83% 90% 89% 89% 28% 27% 28% 51.1 47.7 47.7 47.4 43.9 43.9 45.4 42.1 5.1 42.1 8.5 4.6 13.1 7.4 8.2 4.1 12.0 11.7 MAAUM (₹ trn) MAAUM (₹ trn) MAAUM (₹ trn
Slide 7: Industry - SIP Flows & AUM
Industry - SIP Flows & AUM SIP Flows SIP AUM 86.5 97.2 97.8 321 318 17.7 15.3 15.1 273 SIP contribution (₹ bn) SIP AUM (₹ tn) Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 No. of contributing SIP Accounts (mm) 7 Source: AMFI
Slide 8: HDFC AMC
HDFC AMC 8
Slide 9: Total AUM & Market Share
Total AUM & Market Share Quarterly Average AUM Closing AUM 11.5% 11.4% 11.2% 11.5% 11.4% 11.3% YoY 13% (₹ bn) (₹ bn) YoY 9% QoQ 1% QoQ 10% 9,275 9,351 9,319 8,286 8,570 8,440 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Market Share Market Share 9 Source: Internal, AMFI
Slide 10: Total AUM & Market Share (Ex ETFs)
Total AUM & Market Share (Ex ETFs) Quarterly Average AUM Closing AUM 12.8% 12.6% 12.4% 12.8% 12.7% 12.6% (₹ bn) (₹ bn) YoY 10% YoY 7% QoQ 1% QoQ 11% 8,853 8,918 8,901 8,085 8,356 8,034 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Market Share Market Share 10 Source: Internal, AMFI
Slide 11: Actively Managed Equity-oriented AUM and Market Share
Actively Managed Equity-oriented AUM and Market Share Quarterly Average AUM Closing AUM 12.8% 13.0% 12.8% 12.8% 13.0% 12.8% (₹ bn) (₹ bn) YoY 16% YoY 12% QoQ 1% QoQ 14% 5,657 5,740 5,929 4,963 5,284 5,212 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Market Share Market Share 11 Source: Internal, AMFI
Slide 12: Debt AUM & Market Share
Debt AUM & Market Share Quarterly Average AUM Closing AUM 13.1% 12.9% 12.9% 13.3% 12.9% 13.1% (₹ bn) (₹ bn) YoY (3)% YoY (10)% QoQ (6)% QoQ (1)% 1,702 1,758 1,658 1,789 1,635 1,612 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Market Share Market Share 12 Source: Internal, AMFI
Slide 13: Liquid AUM & Market Share
Liquid AUM & Market Share Quarterly Average AUM Closing AUM 12.3% 10.9% 10.7% 12.6% 11.4% 11.2% (₹ bn) (₹ bn) YoY 0% YoY 2% QoQ 8% QoQ 19% 848 851 785 718 730 614 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Market Share Market Share 13 Source: Internal, AMFI
Slide 14: AUM by Segment – HDFC MF & Industry
AUM by Segment – HDFC MF & Industry Quarterly Average AUM Jun-25 Mar-26 Jun-26 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 64.2% 56.2% 65.2% 55.9% 65.7% 56.6% Debt-oriented 20.5% 18.0% 19.0% 16.8% 17.7% 15.5% Liquid 10.2% 9.5% 8.5% 8.9% 9.1% 9.5% Others 5.0% 16.3% 7.3% 18.5% 7
Slide 15: Individual Investors – Accounts & MAAUM
Individual Investors – Accounts & MAAUM Individual MAAUM (% of Total) Number of Live Individual Accounts (mm) YoY 9% YoY 28% 5,955 6,150 6,520 30.09 31.01 69.6% 69.2% 68.2% 60.7% 24.24 Jun-25 Mar-26 Jun-26 Jun-25 Mar-26 Jun-26 Industry Jun-26 Individual MAAUM (Rs bn) Individual customers prefer equi
Slide 16: Unique Investors – HDFC AMC vs MF Industry
Unique Investors – HDFC AMC vs MF Industry Unique Investors 25% 27% 28% 61.4 61.9 (mm) 55.3 16.7 17.1 13.7 Jun-25 Mar-26 Jun-26 HDFC Mutual Fund Mutual Fund Industry HDFC MF penetration in Mutual Fund Industry 16 Source: CAMS. Note: Unique Investors as identified by PANs/PEKRNs of all unit holders &
Slide 17: Systematic Transactions
Systematic Transactions Systematic Transactions(1) (₹ bn) 17.2 SIP AUM(2): ₹ 2,332 bn 48.8 48.1 40.1 36.5 29.3 3.1 17.1 12.3 10.4 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Mar-26 Jun-26 #mm systematic transactions Source: Internal (1) Systematic transactions includes Systematic Investment Plan (SIP)
Slide 18: Multi-channel Distribution Network
Multi-channel Distribution Network Total AUM Equity-oriented AUM Jun-2026 Jun-2026 HDFC Bank 5.1% HDFC Bank 6.4% Banks 9.6% Banks 11.7% Direct Direct 31.4% 44.5% MFDs 23.3% MFDs 29.6% National National Distributors Distributors 22.6% 27.3% Mar-2026 Jun-2025 Mar-2026 Jun-2025 HDFC Bank 5.6% HDFC Bank
Slide 19: Geographic Spread
Geographic Spread Total MAAUM1 by T30 and B30 Cities Geographical Reach B 30 19.6% ▪ 11.8% market share in beyond the top 30 (B-30) cities ▪ We serve customers across ~98% of all pincodes in India ▪ Network of 280 Offices with 196 in B-30 locations2 ▪ 110k+ empaneled distribution partners T 30 80.4%
Slide 20: Our Digital Stack
Our Digital Stack 98% of transactions in Q1FY27 were Digital Investors Partners Engagement and Support Channels 6% 3% 2% 10% 24% 19% HDFC HDFC MFOnline Mutual Fund Partners Callback Services 76% 81% 90% 94% 97% 98% Investor Portal Partners Portal FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY27 Agent Journey E
Slide 21: PMS and AIF
PMS and AIF PMS OVERVIEW PMS AUM ₹122 Billion ₹70bn ₹50bn ₹2bn Non-Discretionary Discretionary Advisory ➢ Awarded mandates from Employees' Provident Fund Organisation (EPFO) & Seaman's Provident Fund Organisation (SPFO) AIF Commitments ₹26 Billion ₹12bn ₹14bn HDFC AMC Select AIF FOF-I HDFC AMC Struc
Slide 22: 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 23: ESG Highlights
ESG Highlights Responsible Investing Portfolio that focuses on businesses 'ESG & CSR' committee 56% 29% of Work force3 whose operations align with of the Board of Board of Directors are constructive and sustainable drives ESG framework Independent & societal outcomes 23% of Executive management are
Slide 24: ESG Highlights
ESG Highlights Retirees and individuals nearing Women reached through Barni Se Armed forces and families engaged retirement imparted with financial 24 Lakhs+ Azadi & SIP Saheli initiatives to 3,500+ knowledge to prepare for their 15,000+ through Mission Samriddhi, a promote financial independence fi
Slide 25: Financials
Financials 25
Slide 26: Financials Summary – Quarterly Earnings
Financials Summary – Quarterly Earnings (₹ mm) Particulars Q1 FY27 Q1 FY26 Change Income Revenue from Operations 10,985 9,678 14% Other Income 2,626 2,327 13% Total Income 13,611 12,005 13% Expenses Finance Costs 37 31 19% Fees and Commission Expenses 20 13 54% # Employee Benefit Expenses 1,431 1,08
Slide 27: Financials Summary – Sequential Quarterly Earnings
Financials Summary – Sequential Quarterly Earnings (₹ mm) Particulars Q1 FY27 Q4 FY26 Change Income Revenue from Operations 10,985 10,504 5% Other Income 2,626 112 2245% Total Income 13,611 10,616 28% Expenses Finance Costs 37 37 0% Fees and Commission Expenses 20 18 11% Employee Benefit Expenses #
Slide 28: Notes
NOTES 1. The Company informed the Stock Exchanges of a cyber-security incident that occurred on May 16, 2026. The incident was promptly reported to the relevant regulatory and law enforcement authorities. The Company engaged a specialist firm to conduct a comprehensive assessment of its IT systems a
Slide 29: Operating Profit Margin
Operating Profit Margin Operating Revenue Operating Expenses Operating Margin (bps of AAUM) 47 46 45 46 12 10 10 11 35 36 35 35 YE FY24 YE FY25 YE FY26 3M FY27 ____________________ Based on internal computations 29
Slide 30: Statement of Assets and Liabilities
Statement of Assets and Liabilities ( ₹ mm) As at Jun 30, As at Mar 31, Particulars 2026 2026 Assets Fi na nci a l As s e ts 84,413 96,243 Non-Fi na nci a l As s e ts 3,641 3,642 Total Assets 88,054 99,885 Liabilities And Equity Liabilities Fi na nci a l Li a bi l i ti e s 3,182 3,718 Non-Fi na nci
Slide 31: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 80,508 million Breakdown of Total Investments Breakdown of Mutual Fund Investments Equity, 11.8% Subsidiary, 0.4% Arbitrage, 7.5% Debentures & Tax Free Bonds, 3.0% Other Equity, CCPS Mutual Funds, and AIFs, 7.9% 88.7% Liquid and Debt, 80.7% Liquid an
Slide 32: Return On Equity and Dividend Per Share
Return On Equity and Dividend Per Share Return on Equity(1) FY 22 FY 23 FY 24 FY 25 FY 26 27.0% 24.5% 29.5% 32.4% 32.9% Dividend Per Share (₹) (2) (3) and Dividend Payout Ratio 81% 78% 77% 72% 64% 54 45 35 21 24 FY22 FY23 FY24 FY25 FY26 Dividend per share Payout Ratio ____________________ (1) Calcul
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
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