Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Investor Presentation (October 2025)
23 slides from Hdfc Asset Management's investor presentation, October 2025
Slide 1: Small is Powerful! HDFC Small Cap Fund
SMALL IS POWERFUL! HDFC SMALL CAP FUND (An open ended equity scheme predominantly investing in Small Cap stocks) October 2025
Slide 2: Table of Contents
Table of Contents Small Cap Universe Why Small Caps? Sector-wise presence – Large Caps vs Small Caps Case for Active investing in Small Caps Long Term approach to small cap investing HDFC Small Cap Fund - Current Investment Approach - Portfolio Statistics - Portfolio Construct - Risk mitigation thro
Slide 3: Small Caps
Small Caps 03/23
Slide 4: Small Cap Universe
Small Cap Universe Market Capitalization Market Cap Number of Market Cap Range * Cumulative Market % of Total Market segment companies* Cap^* (Rs Trillion) Cap^* Large Large 100 ₹ 91,571 Cr and above ~260 61% Top 100 caps – 100 Mid 150 ₹ 30,756 Cr to ₹ 90,907 Cr ~82 19% Companies Small 2228^ Below ₹
Slide 5: Why Small Caps?
Why Small Caps? Scope for returns owing to potential Under Researched: Limited Analyst Coverage increase in size and analyst coverage As the size of the business increases, more analysts tend to start tracking the company Average Index Analyst Coverage Institutional holding often increases as compan
Slide 6: Sector-Wise Presence – Large Caps vs Small Caps
Sector-Wise Presence – Large Caps vs Small Caps Small Caps provide investment opportunities in segments of the economy which are not covered by Large Caps*. 30 BSE 100 Index BSE 250 SmallCap Index BSE 250 Concentration in 25 some industries Key Statistics BSE 100 Small Cap Top 5 Industries 56.0 40.4
Slide 7: Case for Active investing in Small Caps
Case for Active investing in Small Caps Number of BSE 250 SmallCap Index companies in various return ranges Return Range FY25 FY24 FY23 FY22 FY21 FY20 > 20% 69 175 61 125 185 13 10%-20% 20 14 17 14 7 7 0-10% 27 19 30 17 5 8 Below 0% 129 30 119 56 3 164 Total companies 245 238 227 212 200 192 Diverge
Slide 8: Valuation Landscape
Valuation Landscape Historical Valuations : Small Cap 30 BSE Smallcap 250 Avg 25 20 15 10 5 - Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 BSE 250 SmallCap Index 1 Year Forward P/E As of 30-Sep-2025 25.5 Long-term Average 17.5 Premium/(Discount) to Long-Term Average 4
Slide 9: HDFC Small Cap Fund
HDFC Small Cap Fund 9/23
Slide 10: Current Investment Approach of HDFC Small Cap Fund
Current Investment Approach of HDFC Small Cap Fund Stock Selection Sector Allocation Market Capitalization Focus on quality companies, Primarily a function of stock 65% to 100% of Total with sound financial strength selection Assets are invested in and reasonable return on equity Small Caps Portfolio
Slide 11: Portfolio Statistics
Portfolio Statistics Top 10 Holdings Portfolio Statistics Company Name % to NAV Top 5 Holding % 19.5% Top 10 Holding %. 31.1% Firstsource Solutions Ltd. 4.9 Beta 0.785 Aster DM Healthcare Ltd. 4.1 Equity Turnover 9.93% eClerx Services Ltd. 4.0 Total Turnover^ 9.93% Bank of Baroda 3.3 Number of stock
Slide 12: Portfolio Construct
Portfolio Construct Portfolio is focused on Small Caps, backed by Weighted average market capitalisation lower robust investments process than category average, in spite of being one of the largest funds in the category Portfolio break-up by market cap Fund Size vs Weighted Average Market Cap HDFC S
Slide 13: How the portfolio stacks up in terms of valuations?
How the portfolio stacks up in terms of valuations? Focus on good quality companies, trading at reasonable valuations 30 P/E Bands ^ - Scheme vs Benchmark 28 Scheme Benchmark 25 20 19 % Weight 17 17 15 14 12 12 11 12 10 10 5 - <=15 15-20 20-25 25-30 >30 Source:-Bloomberg, Capitaline, MFI Explorer. A
Slide 14: Risk Mitigation through wider diversification
Risk Mitigation through wider diversification Aim to mitigate risk in small caps by wider diversification of the portfolio. Average Top 10 holding % of ~34% since Dec’19 80 90 Top 10 Holdings (%) (LHS) Number of Stocks (RHS) 70 85 Top 10 Holdings % Number of Stocks 80 60 75 50 70 37 39 38 38 40 35 65
Slide 15: HDFC Small Cap Fund: 3 Year returns (daily rolling)
HDFC Small Cap Fund : 3 Year returns (daily rolling) 3 Year Rolling returns (Daily rolling) Annualized HDFC Small Cap Fund BSE 250 Small Cap Returns (CAGR) (% of Instances) Index TRI (% of Instances) Since June-2014 * >15% 75% 58% HDFC Small Cap Fund has yielded 3 year returns 10% to 15% 4% 13% exce
Slide 16: Fund Facts
Fund Facts Scheme Type An open ended equity scheme predominantly investing in Small Cap stocks Inception Date (Date of allotment) April 3, 2008 Investment Objective To provide long-term capital appreciation / income by investing predominantly in Small-Cap companies. There is no assurance that the in
Slide 17: Asset Allocation
Asset Allocation Under normal circumstances, the asset allocation of the scheme’s portfolio will be as follows: Minimum Allocation Maximum Allocation Risk Profile of Type of Instruments (% of Total Assets) (% of Total Assets) the Instrument Equity and equity related instruments of Small Cap companies
Slide 18: Scheme Performance
Scheme Performance SIP Performance - HDFC Small Cap Fund - Regular Plan- Growth Option SIP since inception of ₹10,000 invested systematically on the first business day of every month (total investment ~₹21.00 lakh) in HDFC Small Cap Fund would have grown to ~ ₹1.29 crore by September 30, 2025 (refer
Slide 19: Scheme Performance
Scheme Performance Performance of other funds managed by Chirag Setalvad, Fund Manager of HDFC Small Cap Fund ( who manages total 3 schemes) which have completed 1 year Managing Scheme since Returns (%) as on September 30, 2025 Last 1 Year (%) Last 3 Years (%) Last 5 Years (%) HDFC Children's Fund 2
Slide 20: Product Labelling & Riskometer
Product Labelling & Riskometer Scheme Riskometer# Name of the Benchmark This product is suitable for investors who are seeking*: and Riskometer# • To generate long-term capital appreciation / income BSE 250 SmallCap Index (TRI) • Investment predominantly in Small-Cap companies *Investors should cons
Slide 21: Product Labelling & Riskometer
Product Labelling & Riskometer Scheme Riskometer# Name of the Scheme(s) Name and Riskometer# of Benchmark NIFTY Midcap 150 Index (Total Returns Index) • HDFC Mid Cap Fund^ NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) • HDFC Children's Fund ^w.e.f June 27, 2025 scheme name changed
Slide 22: Disclaimer
Disclaimer The presentation dated October 30, 2025 has been prepared by HDFC Asset Management Company Limited (HDFC AMC) 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 mus
Slide 23: Thank You
Thank You t =e 7 4iHDEC MUTUAL FUND BHAROSA APNO KA
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