HDFC Asset Management Co. Ltd. · NSE:HDFCAMC
HDFC Asset Management — Investor Presentation (September 2011)
25 slides from HDFC Asset Management's investor presentation, Sep 30, 2011
Slide 1: HDFC Cash Management Fund Savings Plan and Call Plan
Presenting HDFC Cash Management Fund Savings Plan and Call Plan (Open - Ended High Liquidity Income Scheme) As on September 30, 2011 1
Slide 2: Table of Contents
Table of Contents Product Rationale and Positioning Product Features, Fund Manager Profile, Tax Consequences & Asset Allocation Pattern Investment Strategy and Model Portfolio Allocation Portfolio Composition Fund Suitability and Rating Disclaimer 2
Slide 3: Product Rationale
Product Rationale Positioned at the lowest end of the risk return scale Provide returns commensurate with low risk while providing a high level of liquidity Product offering with negligible interest rate risk and NAV volatility Investment option for overnight to ultra short term investment horizons
Slide 4: Positioning of Fund - Savings Plan & Call Plan
Positioning of HDFC Cash Management Fund – Savings Plan & Call Plan Gilt Funds RETURN Income Funds Short Term Plans Ultra Short Term Funds Liquid Funds RISK 4
Slide 5: Product Features, Asset Allocation Pattern, Tax Consequence & Fund Manager Profile
Product Features, Asset Allocation Pattern, Tax Consequence & Fund Manager Profile 5
Slide 6: Product Features
Product Features Type of Scheme An Open ended High Liquidity Income Scheme Inception Date Savings Plan: November 18, 1999 Call Plan: February 6, 2002 Investment Objective Savings and Call Plan: To generate optimal returns while maintaining safety and high liquidity Investment Plan / Options Savings
Slide 7: Asset Allocation Pattern
Asset Allocation Pattern Under normal circumstances, the asset allocation (% of net assets) will be as follows: Types of Instruments Normal Allocation Risk Profile (% of Net Assets) Savings Plan Debt instruments Upto 100 Low to Medium (including Securitised Debt**) Money Market Instruments Upto 100
Slide 8: Tax Consequence
Tax Consequence Income distributed by the scheme will be exempt from Income-tax in the hands of investors On income distribution, if any, made by the respective plans, additional income tax is payable under section 115R of the Income tax Act, 1961, at the rate of 27.0375%$ for individuals and HUF &
Slide 9: Fund Manager Profile
Fund Manager Profile $ (HDFC Cash Management Fund – Savings & Call Plan) Name and Designation Mr. Bharat Pareek – Fund Manager – Fixed Income Savings Plan (wef October 1, 2009) Call Plan (wef May 23, 2008) Educational Qualifications B. Com A.C.A. Completed CFA-USA awaiting membership Experience Coll
Slide 10: Investment Strategy
Investment Strategy 10
Slide 11: Savings Plan
Savings Plan Shall have a average portfolio maturity below 3 months Target higher current yields with focus on risk – adjusted returns 11
Slide 12: Call Plan
Call Plan Investments would be made predominantly in money market instruments, overnight reverse repos in government securities and fixed income securities with overnight maturity / liquidity Targets returns which would be in line with the overnight call rates; interest rate risk in this plan will b
Slide 13: Portfolio Composition
Portfolio Composition (As on September 30, 2011) 13
Slide 14: Portfolio Composition by Asset Class
Portfolio Composition (As on September 30, 2011) Portfolio Classification by Asset Class (%) Savings Plan Call Plan Commercial Papers (CP) / Certificate of 79.47 N.A. Deposit (CD) / Bills Rediscounting Cash, Cash Equivalents and Net Current 20.53 100 Assets Additional Information Average Portfolio M
Slide 15: Portfolio Composition by Rating Class
Portfolio Composition (As on September 30, 2011) Portfolio Classification by Rating Class (%) Savings Plan AAA / AAA(SO) / P1+ / P1+(SO) & Equivalent 104.09 Cash, Cash Equivalents and Net Current Assets -4.09 Call Plan Cash, Cash Equivalents and Net Current Assets 100.00 15
Slide 16: Fund Suitability & Rating
Fund Suitability & Rating 16
Slide 17: Why HDFC Cash Management Fund?
Why HDFC Cash Management Fund? No exit load Negligible interest rate risk and NAV volatility Maintains a high credit quality High liquidity An ideal avenue for parking of surplus funds for a short period 17
Slide 18: Fund is suitable for investors
HDFC Cash Management Fund is suitable for investors: Desiring a high degree of safety and liquidity Having a short / ultra short term investment horizon As an alternative to a traditional savings / current bank account for parking of short term surpluses Using it as a conduit to transfer funds syste
Slide 19: Awards
Awards CNBC TV18 - CRISIL Mutual Fund Awards 2011 HDFC Cash Management Fund - Savings Plan won the “Best Performing Mutual Fund of the Year - Liquid Funds - Retail” Award# during the calendar year 2010 (from amongst 19 schemes) at the CNBC TV18 - CRISIL Mutual Fund Awards 2011. # Past performance is
Slide 20: Fund Rating
Fund Rating HDFC Cash Management Fund – Savings Plan – Growth Option was assigned ‘CRISIL Mutual Fund Rank 2’# in the ‘Open End liquid Schemes’ Category (out of 27 schemes) for the 1 year period ending September 30, 2011 by CRISIL. CRISIL Mutual Fund Rank “2” means that the composite performance of
Slide 21: Fund Rating
Fund Rating HDFC Cash Management Fund – Savings Plan - Growth option has been rated Five Stars by Morningstar in the Morningstar India Open Ended liquid category (from amongst 269 schemes) for the overall (3/5/10 year- as applicable) period ending September 30, 2011# Five Stars indicate that the fun
Slide 22: Fund Rating
Fund Rating HDFC Cash Management Fund – Savings Plan has been assigned ‘Credit Risk Rating mfA1+’ by ICRA Limited – Highest credit-quality short-term rating assigned by ICRA to debt funds.# “Credit Risk Rating mfA1” signifies the highest-credit-quality short-term rating assigned by ICRA to debt fund
Slide 23: Award/Ranking/Rating Methodology
Award/Ranking/Rating Methodology CNBC TV18 - CRISIL Mutual Fund Awards 2011 HDFC Cash Management Fund - Savings Plan won the “Best Performing Mutual Fund of the Year - Liquid Funds - Retail” Award# during the calendar year 2010 at the CNBC TV18 - CRISIL Mutual Fund Awards 2011. Total 19 schemes were
Slide 24: Disclaimers & Risk Factors
Disclaimers & Risk Factors DISCLAIMER: This presentation has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of ever
Slide 25: Thank You
Thank You 25
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