Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Q4 FY25 Earnings Presentation
34 slides from Hdfc Asset Management's earnings presentation, April 2025
Slide 1: Q4 FY25 Earnings Presentation
Q4 FY25 Earnings Presentation (For the Quarter ended March 31,2025)
Slide 2: HDFC AMC at a Glance
HDFC AMC at a Glance AUM Financials ₹7,545 bn ₹5,040 bn ₹51 bn ₹40,582 mm ₹24,609 mm 36 bps Closing AUM1 Equity-Oriented Closing AUM1 Alternatives AUM3 Total Income Operating Margin PAT (FY25) (FY25) (FY25) ₹7,740 bn ₹4,937 bn QAAUM2 Equity-Oriented QAAUM2 Customer base ₹4,609 bn ₹1,587 bn ₹852 bn A
Slide 3: Industry
Industry 3
Slide 4: Industry – AUM and Net Sales
Industry – AUM and Net Sales Quarterly Average AUM (QAAUM) Closing AUM 54% 57% 56% 57% 59% 58% 68.6 67.4 66.9 65.7 54.1 10.9 10.8 53.4 10.3 10.7 6.5 6.8 5.4 5.0 AUM (₹ trn) 8.6 8.7 5.8 12.1 12.1 4.2 11.9 11.9 10.2 10.0 39.1 37.7 39.3 38.2 29.4 30.4 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Mar-24 to
Slide 5: Industry - MAAUM by Investor Category & Location
Industry - MAAUM by Investor Category & Location Overall MAAUM by Overall MAAUM by Individual Folios Investor Category Location 61% 61% 60% 18% 19% 18% 233.1 223.7 69.3 69.3 66.7 66.7 176.8 12.8 12.2 55.0 55.0 26.7 26.4 9.8 MAAUM (₹ trn) MAAUM (₹ trn) 21.7 56.5 54.5 45.2 42.6 40.3 33.3 Mar-24 Dec-24
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 82% 84% 83% 91% 90% 90% 27% 28% 28% 42.6 40.3 39.6 39.6 6.8 37.0 6.9 37.0 33.3 3.8 3.6 30.0 10.9 6.1 30.0 10.3 MAAUM (₹ trn) MAAUM (₹ trn) MAAUM (₹ trn) 2.8 8.2
Slide 7: Industry - SIP Flows & AUM
Industry - SIP Flows & AUM SIP Flows SIP AUM 82.7 81.1 265 259 13.6 13.4 193 10.7 SIP contribution (₹ bn) SIP AUM (₹ tn) Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 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 11.3% 11.5% 11.5% 11.4% 11.6% 11.5% YoY 26% (₹ bn) (₹ bn) YoY 24% QoQ (2%) QoQ (3%) 7,874 7,740 7,764 7,545 6,129 6,073 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 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 12.7% 12.8% 12.7% 12.8% 12.9% 12.8% (₹ bn) (₹ bn) YoY 26% YoY 23% QoQ (2%) QoQ (3%) 7,721 7,568 7,608 7,358 6,019 5,958 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 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% 12.8% 12.8% 12.8% 12.7% 12.9% (₹ bn) (₹ bn) YoY 26% YoY 25% QoQ (4%) QoQ (2%) 4,782 4,609 4,794 4,699 3,650 3,754 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Market Share Market Share 11 Source: Internal, AMF
Slide 12: Debt AUM & Market Share
Debt AUM & Market Share Quarterly Average AUM Closing AUM 13.4% 13.2% 13.1% 13.4% 13.2% 13.1% (₹ bn) (₹ bn) YoY 16% YoY 16% QoQ 0% QoQ 0% 1,588 1,587 1,565 1,559 1,368 1,341 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Market Share Market Share 12 Source: Internal, AMFI
Slide 13: Liquid AUM & Market Share
Liquid AUM & Market Share Quarterly Average AUM Closing AUM 11.6% 12.9% 12.5% 12.7% 14.2% 11.9% (₹ bn) (₹ bn) YoY 26% YoY 10% QoQ 1% QoQ (22%) 843 852 767 674 540 596 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 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 Mar-24 Dec-24 Mar-25 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 63.0% 54.3% 64.9% 57.0% 63.8% 55.9% Debt-oriented 22.3% 18.9% 20.2% 17.6% 20.5% 18.0% Liquid 11.0% 10.8% 10.7% 9.5% 11.0% 10.1% Others 3.7% 16.0% 4.2% 15.
Slide 15: Individual Investors – Accounts & MAAUM
Individual Investors – Accounts & MAAUM Individual MAAUM (% of Total) Number of Live Individual Accounts (mm) YoY 20% YoY 43% 4,415 5,599 5,307 23.17 70.8% 70.2% 22.04 69.6% 60.4% 16.25 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Industry Mar-25 Individual MAAUM (Rs bn) Individual customers prefer equ
Slide 16: Amongst preferred choice of Individual Investors
Amongst preferred choice of Individual Investors Individual Assets Market Share Mar-24 Dec-24 Mar-25 13.3% 13.2% 12.9% 13.2% 12.8% 12.6% 13.3% 13.2% 12.8% 7.7% 8.1% 8.2% 6.8% 6.7% 6.8% HDFC MF #2 MF #3 MF #4 MF #5 HDFC MF #2 MF #3 MF #4 MF #5 MF #1 HDFC MF #3 MF #4 MF #5 MF MF MF 16 Source: AMFI , b
Slide 17: Unique Investors – HDFC AMC vs MF Industry
Unique Investors – HDFC AMC vs MF Industry Unique Investors 22% 24% 24% 52.6 54.2 (mm) 44.6 12.6 13.2 9.6 Mar-24 Dec-24 Mar-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 18: Systematic Transactions
Systematic Transactions Systematic Transactions(1) (₹ bn) 10.98 SIP AUM(2): ₹ 1,756 bn 38.2 36.5 29.3 1.77 17.1 11.5 11.8 12.3 11.3 10.4 6.8 4.9 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Dec-24 Mar-25 #mm systematic transactions Source: Internal (1) Systematic transactions inclu
Slide 19: Multi-channel Distribution Network
Multi-channel Distribution Network Total AUM Equity-oriented AUM Mar-2025 Mar-2025 HDFC Bank 5.8% HDFC Bank 7.3% Banks 10.7% Direct Banks 13.0% Direct 27.8% 40.9% MFDs 26.5% MFDs 33.6% National Distributors National Distributors 25.6% 21.9% Dec-2024 Mar-2024 Dec-2024 Mar-2024 HDFC Bank 6.1% HDFC Ban
Slide 20: Geographic Spread
Geographic Spread Total MAAUM1 by T30 and B30 Cities #2 Player in B-30 Markets1 B 30 MF #1 19.1% 20.1% Others 41.9% HDFC MF, 11.9% MF #3 11.4% MF #5 MF #4 5.5% 9.2% T 30 80.9% We serve customers across ~98% of all pincodes in India Network of 280 Offices with 196 in B-30 locations2 95k+ empaneled di
Slide 21: Our Digital Stack
Our Digital Stack Engagement & Investors Partners Support Channels Electronic and Physical Transactions as % of Total Transactions HDFC MFOnline HDFC Mutual Partners Fund Co-browsing Services 10% 6% 18% 24% 19% 31% Partners Portal Callback Services Investor Portal 90% 94% 82% 76% 81% Admin Portal 69
Slide 22: Embedding ESG Principles
Embedding ESG Principles Inclusive Health & Environment Growth Safety ESG Mission To create sustainable wealth for Human every stakeholder by focusing on Diversity Rights People, Planet and Prosperity Ethics, Well Being Transparency Stakeholders of & Employees Accountability Adopted CFA Institute’s
Slide 23: ESG Highlights
ESG Highlights 73,700+ 1,500+ Employees 1.2 mm+ Employee training participated in Individuals completed the course under ‘SIP Saheli’ - 'ESG & CSR' committee 56% hours1 ESG session Investor Education and Awareness initiative to provide of the Board of Board of Directors are structured masterclass on
Slide 24: Financials
Financials 24
Slide 25: Financials Summary – Yearly Earnings
Financials Summary – Yearly Earnings (₹ mm) Particulars YE FY25 YE FY24 Change Income Revenue from Operations 34,980 25,844 35% Other Income 5,602 5,781 -3% Total Income 40,582 31,625 28% Expenses Finance Costs 94 91 3% Fees and Commission Expenses 39 25 56% # Employee Benefit Expenses 3,883 3,535 1
Slide 26: Financials Summary – Quarterly Earnings
Financials Summary – Quarterly Earnings (₹ mm) Particulars Q4 FY25 Q4 FY24 Change Income Revenue from Operations 9,012 6,955 30% Other Income 1,237 1,555 -20% Total Income 10,249 8,510 20% Expenses Finance Costs 26 23 13% Fees and Commission Expenses 10 7 43% # Employee Benefit Expenses 969 865 12%
Slide 27: Financials Summary – Sequential Quarterly Earnings
Financials Summary – Sequential Quarterly Earnings (₹ mm) Particulars Q4 FY25 Q3 FY25 Change Income Revenue from Operations 9,012 9,343 -4% Other Income 1,237 928 33% Total Income 10,249 10,271 0% Expenses Finance Costs 26 22 18% Fees and Commission Expenses 10 11 -9% # Employee Benefit Expenses 969
Slide 28: Operating Profit Margin
Operating Profit Margin Operating Revenue Operating Expenses Operating Margin (bps of AAUM) 48 49 47 46 13 14 12 10 35 35 35 36 YE FY22 YE FY23 YE FY24 YE FY25 Operating margin (bps of AAUM) for Q1 FY 25, Q2 FY 25, Q3 FY 25 and Q4 FY 25 are 34, 36, 37 and 37 respectively ____________________ Based o
Slide 29: Statement of Assets and Liabilities
Statement of Assets and Liabilities ( ₹ mm) As at Mar 31, As at Mar 31, Particulars 2025 2024 Assets Fi na nci a l As s e ts 84,742 73,290 Non Fi na nci a l As s e ts 2,793 2,286 Total Assets 87,535 75,576 Liabilities And Equity Liabilities Fi na nci a l Li a bi l i ti e s 2,841 2,456 Non Fi na nci
Slide 30: Breakup of Total Investments
Breakup of Total Investments Total Investments: ₹ 82,886 million Breakdown of Total Investments Breakdown of Mutual Fund Investments Equity, 8.3% Arbitrage, 10.5% Subsidiary, 0.4% Debentures & Tax Free Bonds, 4.5% Mutual Funds, Other Equity, AIFs, 90.6% etc, 4.5% Liquid and Debt, 81.2% 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. A Wholly Owned Subsidiary ('WOS') of the Company namely 'HDFC AMC International (IFSC) Limited', located in Gujarat International Finance Tec-City (GIFT City) had been incorporated effective May 27, 2022. The Company has disclosed extract of only standalone Financial Results in this investo
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
HDFC Asset Management Company — Q4 FY25 Earnings Presentation on 6ix