Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC

Hdfc Asset Management — Investor Presentation (July 2025)

26 slides from Hdfc Asset Management's investor presentation, July 2025

  1. Slide 1: Passive Speak: Gold & Silver: Safe havens during uncertain times!

    Passive Speak: Gold & Silver: Safe havens during uncertain times! July 2025 Refer disclaimers on slide 25

  2. Slide 2: Gold and Silver Simplified Taxation

    Gold and Silver – Simplied Taxation For fresh purchases made today, a 12.5% LTCG rate (> 12 months holding period for ETFs, > 24 months holding period for ETF FoFs) would be applicable if redeemed after Mar 31, 2025 Units acquired prior to April 01, 2023 Units acquired on or after April 01, 2023 Ins

  3. Slide 3: Outlook for Gold and Silver

    Outlook for Gold and Silver Gold and silver prices have been supported by trade war tensions, Central Bank buying, geopolitical risks and uncertainty around the US Federal Reserve interest rate cutting cycle etc. Gold has particularly benefitted from Central Bank purchases. Most notably- RBI purchase

  4. Slide 4: About Gold and Why invest in it?

    About Gold and Why invest in it? Gold is a precious metal which has served as a store of value across millennia Gold’s atomic symbol, Au, is derived from the Latin word Aurum, which means ‘shining dawn’ Why invest in Gold? Portfolio diversification: Gold is considered to balance portfolios against th

  5. Slide 5: Gold & Equities

    Gold & Equities - Historically, Gold has performed well or fallen less when Equity markets struggled Financial Year Gold (in INR) NIFTY 50 TRI Financial Year Gold (in INR) NIFTY 50 TRI FY00 -3.2% -3.8% FY13 2.3% 8.7% FY01 -1.2% -24.2% FY14 -10.8% 19.3% FY02 22.9% -0.1% FY15 -4.9% 28.3% FY03 8.4% -11

  6. Slide 6: Trade war & geopolitical risks have intensified over the past year

    Trade war & geopolitical risks have intensied over the past year Ongoing trade war and geopolitical uncertainties have led investors to turn to gold as a hedge to protect their portfolios due to: Fears of global slowdown and increased risk of world splitting into fragmented trade and financial blocs

  7. Slide 7: Gold safe haven during tariff uncertainty

    Gold – safe haven during tariff uncertainty Indices rebased to 100 Gold (USD) Silver (USD) DXY (Dollar Index) 130 125 120 115 110 105 100 95 90 85 Dec-24 Nov-24 Apr-25 Mar-25 May-25 Feb-25 Jun-25 Jan-25 Source: Bloomberg. Data from Nov 4, 2024 (US Elections) to June 30, 2025 Gold prices have risen a

  8. Slide 8: Central banks have been increasing gold purchases

    Central banks have been increasing gold purchases Net Purchases by Global Central Banks (metric tonnes) 1200 2024 purchases are till H1 2024 (annualized) 1000 Metric tonnes 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: Bloomberg Net purchases of

  9. Slide 9: Potential increase in gold ETF demand can push prices higher

    Potential increase in gold ETF demand can push prices higher Gold holdings in ETFs (tonnes) 4000 3500 3000 2500 2000 1500 1000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: World Gold Council. Data as of Mar 31, 2025

  10. Slide 10: US fiscal position has been weakening

    US scal position has been weakening US Fiscal Decit (% GDP) 5% 0% -5% -10% -15% US Buget Deficit (%) 2010-2020 Average 2020 onwards Average (%) -20% 2009 2005 2003 2007 2025 2023 2001 1989 1969 2019 1985 1983 1999 2015 2013 1995 1993 2021 1987 1981 2017 1979 1997 2011 1991 1975 1973 1977 1971 Source:

  11. Slide 11: Gold & Interest Rates

    Gold & Interest Rates - Performance of gold during US easing cycles Gold price (in INR) Period between last Fed Hike to last Fed Cut + 2 years* 300000 250000 Rs. per troy oz. 200000 2000-03 Easing Cycle 2007-09 Easing Cycle 150000 Gold (INR): +52.4% Gold (INR): +119.4% 100000 2019-20 Easing Cycle 50

  12. Slide 12: Gold price movement over the last 25+ years

    Gold price movement over the last 25+ years Gold price movement 10,000 CAGR* returns 9,000 8,000 Gold Gold Period Gold price in INR / gram 7,000 (INR/gm) (USD/gm) 6,000 5,000 20 Years 14.4% 10.6% 4,000 15 Years 11.1% 6.7% 3,000 10 Years 14.1% 10.8% 2,000 5 Years 16.0% 13.1% 1,000 3 Years 25.1% 21.8%

  13. Slide 13: Quick Facts about Silver

    Quick Facts about Silver As a precious metal used in jewellery, silverware As an industrial commodity, it has large industrial use – from electrical switches to solar to chemical producing catalysts. Considered as an auspicious metal in most parts of the country – bought especially around events lik

  14. Slide 14: Why consider investing in Silver?

    Why consider investing in Silver? As an Industrial Commodity As a Precious Metal Play on industrial recovery – with heavy usage Hedge against currency depreciation + in portable devices, industrial equipment Improving demand outlook on account of Diversification higher adoption in new age and green t

  15. Slide 15: Silver: A Key Component in Solar Energy Generation

    Silver – A Key Component in Solar Energy Generation Increasing Solar Power Demand = Increasing Silver Demand Demand for Silver for Solar Panels 9000 7956 8000 7000 6442 6000 Did you know? (tons) 5000 4000 Each solar cell uses approximately 3245 3000 100mg of silver 2000 Aggressive goals set by count

  16. Slide 16: Silver being actively adopted in EVs

    Silver being actively adopted in EVs* Increasing share of EVs in the automobile market is expected to increase demand of Silver as EVs use almost twice the silver used in the traditional Internal Combustion Engine (ICE) car. Charging stations also expected to increase the demand for silver Demand of

  17. Slide 17: Silver Price Movement over the last 25+ years

    Silver Price Movement over the last 25+ years 120 CAGR* returns 100 Silver Silver 80 Period (INR/gm) (USD/gm) Silver price in INR / gram 60 20 Years 12.2% 8.5% 40 15 Years 8.8% 4.4% 10 Years 11.9% 8.6% 20 5 Years 18.0% 15.1% 0 3 Years 24.1% 20.8% 2000 2008 2006 2004 2009 2005 2003 2002 2020 2024 200

  18. Slide 18: Gold-Silver Price Ratio

    Gold-Silver Price Ratio Gold / Silver Ratio 140 120 100 80 60 40 20 0 Source: Bloomberg, Data as on Jun 30, 2025 The Gold-Silver Price Ratio shows the relative price movement of gold versus silver Refer disclaimers on slide 25 18/26

  19. Slide 19: Risk-Return Matrix

    Risk-Return Matrix Average Rolling Returns Standard Deviation Rolling Return Period Gold Silver NIFTY 50 Debt Gold Silver NIFTY 50 Debt TRI TRI 1 year 13.7% 13.5% 16.3% 7.9% 15.6% 28.3% 25.6% 7.6% 3 year 12.6% 11.4% 15.2% 7.3% 8.9% 14.6% 12.6% 4.8% 5 year 12.5% 11.4% 15.5% 6.8% 7.3% 10.6% 8.8% 2.5%

  20. Slide 20: Consider investing in Gold & Silver Digitally through

    Consider investing in Gold & Silver Digitally through: HDFC Gold ETF HDFC Silver ETF BSE Scrip code: 533230 BSE Scrip Code: 543592 NSE Symbol: HDFCGOLD NSE Symbol: HDFCSILVER HDFC Gold ETF Fund of Fund HDFC Silver ETF Fund of Fund 20/26

  21. Slide 21: Silver is a Voluminous Metal

    Investing in Silver Silver is a Voluminous Metal Investing INR 15 lakh involves buying ~14kg of silver Density of silver is 10g/cm3; roughly half of gold Storing silver physically in a safe manner could be difficult for an individual For disclaimers, refer slide 25 21/26

  22. Slide 22: Why invest in Gold and Silver digitally?

    Why invest in Gold and Silver digitally? Convenience & Purity Liquidity Lower Cost Safety Respective ETFs Physical Gold and ETF - Market Makers Ideal vehicle for invest in physical Silver held with provide liquidity on long-term Gold and Silver – 99.5% fineness or Stock Exchange investment due to inv

  23. Slide 23: Product Labeling and Riskometers

    Product Labeling and Riskometers Name of Scheme / This product is suitable for investors who Scheme Riskometer# Investment Plan are seeking*: Returns that are commensurate with the Moderate Risk Moderately High Risk HDFC Gold ETF performance of gold, subject to tracking High Risk errors, over long t

  24. Slide 24: Product Labeling and Riskometers

    Product Labeling and Riskometers Name of Scheme / This product is suitable for investors Scheme Riskometer# Investment Plan who are seeking*: HDFC Gold ETF Capital appreciation over long term Moderate Risk Moderately High Risk Fund of Fund High Risk Investment in Units of HDFC Gold ETF Low Risk Very

  25. Slide 25: Disclaimer

    Disclaimer The views expressed herein are as of July 18, 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 information co

  26. Slide 26: Thank You

    Thank You

HDFC Asset Management Company — Investor Presentation (July 2025) on 6ix