Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Investor Presentation (September 2025)
31 slides from Hdfc Asset Management's investor presentation, September 2025
Slide 1: Sail with Strength – HDFC Large Cap Fund
2Year8s 1 Sail with Strength HDFC LARGE CAP FUND (An open ended equity scheme predominantly investing in large cap stocks) September 2025 Inception Date: October 11, 1996 For disclaimer refer slide 30
Slide 2: Why Large Caps?
1 Why Large Caps? For disclaimer refer slide 30 02/31
Slide 3: Why Large Caps?
Why Large Caps? 1 Management Well Stability across bandwidth is researched business cycles wide and deep universe Proven business Benefits Higher liquidity models of scale than mid and small caps For disclaimer refer slide 30 03/31
Slide 4: Consistent Compounder
Consistent Compounder 1 NIFTY 100 Returns 30000 24496 25000 e r m l o ngt r the 20000 ov e A G R 5 % C 1 3 . 15000 10000 8518 8405 5198 5000 2017 0 Mar'05 Mar'10 Mar'15 Mar'20 Dec'24 Large Caps have been consistent compounders over the long term Source: MFI; Internal Calculations Returns for the per
Slide 5: Markets tend to follow Earnings and GDP growth
Markets tend to follow Earnings and GDP growth 1 Nifty-50 EPS (INR) Nifty Closing 1200 25,000 400 Nominal GDP (INR trillion) Nifty Closing 25,000 1000 350 20,000 20,000 300 800 15,000 250 15,000 600 200 10,000 150 10,000 400 100 5,000 5,000 200 1,013 1,108 1001 50 281 251 247 315 348 369 405 416 397
Slide 6: India’s GDP estimates
India’s GDP estimates 1 India's GDP (in USD $ trillion) 9 8 8 7.5 7.3 7 7 6 5 4 3.6 3 Mar-24 2030 E 2030 E 2031 E 2032 E Economic S&P Global Morgan CLSA Survey - Stanley CEA Source: Bloomberg; CEA - Chief Economic Advisor; E - estimates For disclaimer refer slide 30 06/31
Slide 7: Returns vs Volatility
Returns vs Volatility 1 3 year Rolling Returns 5 year Rolling Returns 10 year Rolling Returns Nifty Nifty Nifty Nifty Nifty Nifty Nifty 100 Nifty 100 Nifty 100 Midcap 150 Smallcap Midcap 150 Smallcap Midcap 150 Smallcap TRI TRI TRI TRI 250 TRI TRI 250 TRI TRI 250 TRI Nos of 4148 3662 2415 observatio
Slide 8: Large Caps vs Mid Caps vs Small Caps
Large Caps vs Mid Caps vs Small Caps 1 Calendar year Nifty Midcap NIFTY SmallCap Nifty Nifty Small Nifty 100 TRI Nifty 100 Returns 150 TRI 250 Index TRI Midcap Cap 250 TRI 2006 40.4 28.6 32.9 150 TRI Index TRI 2007 59.2 77.7 96.9 Rank 1 7 3 9 2008 -53.0 -64.8 -68.5 2009 84.9 113.9 117.4 2 15 2 Rank
Slide 9: Large Caps – NIFTY Valuations
Large Caps – NIFTY 100 Valuations 1 NIFTY 100 Valuations 25 Nifty forward P/E Avg Mean+1SD Mean-1SD 22.4 20 17.8 15 10 5 Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Source: Kotak Institutional Equities; As on 31st August 2025. For disclaimer refe
Slide 10: Large Caps – Relatively Attractive
Large Caps – Relatively Attractive 1 Segment-wise market cap as a % of total market cap (NIFTY 500) 100 5 5 5 4 5 6 7 7 6 7 8 8 8 10 11 10 90 13 13 13 14 15 15 16 17 16 16 18 18 17 80 19 21 21 70 60 50 40 82 83 81 83 80 79 77 74 76 78 77 75 75 71 68 69 30 20 10 0 2025 2010 2011 2012 2013 2014 2015 2
Slide 11: India: A shining star in emerging markets
India: A shining star in emerging markets 1 MSCI Country-wise returns in USD - 10y Return(CAGR) MSCI Emerging Market Index Country Weights MSCI USD 10y Rtn(Ann.) Currency Depreciation 10r CAGR India 14% 12% 16.89% 19.39% 10% China 8% 4.06% 6% Taiwan 4% 10.97% 29.21% 2% S. Korea 0% -2% Brazil 19.48%
Slide 12: India’s dependency on foreign capital has come down
India’s dependency on foreign capital has come down 1 FII Flows ($bn) Average Monthly SIP (Rs Crore) 40.0 25000 24113 29.3 30.0 24.5 19.8 23.4 21.7 20000 20.0 18.5 17.6 16.2 16602 14.2 8.0 15000 10.0 3.3 3.8 12278 2.9 10017 0.0 10000 7724 8340 8007 (0.5) (10.0) (4.6) (0.8) 5599 5000 3660 (12.4) (20.
Slide 13: HDFC Large Cap Fund
1 HDFC Large Cap Fund For disclaimer refer slide 19 13/31 02
Slide 14: Portfolio Strategy
Portfolio Strategy 1 Investment Style Blend of growth at reasonable price and value Bottom up approach to stock picking blended with top down sector and macro trends Portfolio Construction While doing bottom up stock selection, pay attention to company’s positioning and trends in business, sector an
Slide 15: 3 pronged framework
3 pronged framework 1 Business Financial Model Management Metrics Companies with strong Experienced Attractive ROE/ROCE moats management with strong track record Strong cash flow Strong processes and generation systems which come Demonstrated good with scale and size corporate governance Healthy bal
Slide 16: Risk Management
Risk Management 1 Sizing vs Benchmark (NIFTY 100 TRI) Active positions in a controlled manner while ensuring compliance with regulatory and internal risk guidelines Any high conviction bets will be taken after a considered evaluation of the company’s positioning in the industry and the business cycl
Slide 17: Diverse Performance across sectors
Diverse Performance across sectors 1 Rank 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 FMCG Metal Metal FMCG Metal Pharma FMCG Bank IT Bank Pharma Metal Realty IT Realty Pharma Metal Metal Realty Pharma Index Index 2 Auto Infra Energy Pharma A
Slide 18: Current Positioning
1 Current Positioning For disclaimer refer slide 19 18/31 02
Slide 19: Current Portfolio Positioning – Aug 2025
Current Portfolio Positioning – 31 Aug 2025 st 1 Overweights/ (Underweights) vs Benchmark Sector Port Bench OW/UW 6.0 Consumer Discretionary 17.3 12.1 5.2 4.0 Health Care 8.6 4.2 4.4 % of Total Assets 2.0 Communication Services 6.0 4.3 1.7 Utilities 3.7 3.9 -0.2 0.0 Real Estate 0.4 0.6 -0.2 -2.0 Mat
Slide 20: HDFC Large Cap Fund – Portfolio Characteristics
HDFC Large Cap Fund – Portfolio Characteristics 1 Top 10 Holdings Key Portfolio Metrics Company % to NAV Benchmark Active Weight Number of Stocks 48 Top 5 equity and equity related holdings (%)* 33.9 HDFC Bank Ltd.£ 9.67 10.88 -1.21 Top 10 equity and equity related holdings (%)* 50.3 ICICI Bank Ltd.
Slide 21: HDFC Large Cap Fund – Positioning Rationale
HDFC Large Cap Fund – Positioning Rationale 1 Positioning Remarks Sector HDFC Large Cap Fund Liquidity conditions have improved significantly ytd ; weak asset quality outlook in certain lending Financials Underweight pockets has been emerging mainly in the MSME and CV space ; transmission of rate cu
Slide 22: HDFC Large Cap Fund – Positioning Rationale
HDFC Large Cap Fund – Positioning Rationale 1 Positioning Remarks Sector HDFC Large Cap Fund Materials Neutral More positive on Cement. Information Technology Underweight Recovery in discretionary spending likely to happen at a much slower pace than expected, val- uations still above pre-COVID avera
Slide 23: Know your Fund Manager
Know your Fund Manager 1 Mr. Rahul Baijal Senior Fund Manager - Equities Mr. Rahul has an experience spanning over 24 years in Equity Research and Fund Management. He joined HDFC Asset Management Company Limited in July’22. Prior to joining HDFC Asset Management Company Limited, Rahul spent 6 years
Slide 24: Wealth Creation
1 SOUND INVESTMENT + TIME + PATIENCE = WEALTH CREATION A SIP of ₹ 10,000@ invested in HDFC Large Cap Fund would be ~ ₹ 8.82 crore today^ HDFC Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks) ^ As on 31th August 2025. @Assuming ` 10,000 invested systematically
Slide 25: Performance
Performance 1 A. HDFC Large Cap Fund - SIP Performance - Regular Plan - Growth Option SIP since inception* of ` 10,000 invested systematically on the first business day of every month (total investment ` 34.70 Lacs) in HDFC Large Cap Fund would have grown to ~ ` 8.82 crores as on August 29, 2025 (re
Slide 26: Performance
Performance 1 Other Funds Managed by Mr. Rahul Baijal, Fund Manager of HDFC Large Cap Fund (who manages total 3 schemes) which have completed one year Returns (%) as on August 29, 2025 Managing Scheme scheme since Last 1 year (%) Last 3 year (%) Last 5 year (%) HDFC Business Cycle Fund Nov 30, 2022
Slide 27: Product Labelling
Product Labelling 1 Scheme Riskometer# Name of the Benchmark This product is suitable for investors who are seeking*: and Riskometer# NIFTY 100 Total Returns • To generate long-term capital appreciation / income Index (TRI) (as per AMFI Tier I Benchmark) • Investment predominantly in Large-Cap compa
Slide 28: Benchmark and Scheme Riskometers
Benchmark and Scheme Riskometers 1 Name of scheme Riskometer# of the scheme Name of benchmark and Riskometer# NIFTY 500 Index (TRI) HDFC Business Cycle Fund NIFTY MNC (TRI) HDFC MNC Fund@ Benchmark and Scheme Riskometer as on August 31, 2025. # For latest riskometers, investors may refer to the Mont
Slide 29: Benchmark and Scheme Riskometers
Benchmark and Scheme Riskometers 1 Name of scheme Riskometer# of the scheme Name of benchmark and Riskometer# NIFTY India Defence Index TRI (Total Returns Index) HDFC Defence Fund§ Benchmark and Scheme Riskometer as on August 31, 2025. # For latest riskometers, investors may refer to the Monthly Por
Slide 30: Disclaimer
Disclaimer 1 The views expressed herein are as of October 06, 2025 and are based on internal data, publicly available information and other sources believed to be reliable. Any calculations made are approximations, meant as guidelines only, which you must confirm before relying on them. The informat
Slide 31: Thank You
Thank You
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