Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC
Hdfc Asset Management — Investor Presentation (June 2025)
21 slides from Hdfc Asset Management's investor presentation, Jun 4, 2025
Slide 1: Where Patience uncovers Potential Value
Where Patience uncovers Potential Value HDFC Value Fund* (An open ended equity scheme following a value investment strategy) For disclaimer refer slide 20 *Name changed from HDFC Capital Builder Value fund w.e.f March 15, 2025
Slide 2: How do we define Value?
How do we define Value? Absolute Value Turnaround Relative Value Companies trading below Companies in turnaround Companies trading below intrinsic value, as measured phase – Good businesses their historical average by potential earnings or that have gone through a multiples asset values, and/or futur
Slide 3: Investment Approach
Investment Approach Emphasis on undervalued stocks Preference for companies Stock Selection (a) trading below intrinsic value (b) In turnaround phase (c) trading below historical average multiples Active Overweight/Underweight vs benchmark Sector Allocation based on top down investment calls No Capi
Slide 4: Stock Selection Approach
Stock Selection Approach Preference for (a) companies trading below intrinsic value, (b) companies trading blow historical average multiples and (c) companies in turnaround phase As of April 2025, 83.6% of the portfolio is in preferred category as follows : % of Net Assets Average Average EPS Growth
Slide 5: How is the Current Portfolio positioned?
How is the Current Portfolio positioned? Overweight / Overweight / Underweight – HDFC Value Fund vs NIFTY 500 Sector Underweight Rationale 4.7% Lower pressure on deposit growth due to 5% improvement in system liquidity, which could 3% 2.2% 2.1% ease the pressure on cost of funds 2% 1.2% 1.1% 0.8% Fi
Slide 6: HDFC Value Fund – Performance vs Benchmark
HDFC Value Fund – Performance vs Benchmark 60,000 Period HDFC Value Fund* NIFTY 500 TRI 50,000 1-year 9.4% 5.9% 40,000 30,000 3-year 18.4% 15.3% 20,000 10,000 5-year 25.6% 23.6% 0 10-year 13.6% 13.8% Jan-95 Dec-95 Nov-96 Oct-97 Sep-98 Aug-99 Jul-00 Jun-01 May-02 Apr-03 Mar-04 Feb-05 Jan-06 Dec-06 No
Slide 7: Rolling Returns indicating resilient performance
Rolling Returns indicating resilient performance 5-year Daily Rolling Returns (% ) 2-year Daily Rolling Returns (%) 35% 70% 30% 60% 50% 25% 40% 20% 30% 15% 20% 10% 10% 0% 5% -10% 0% -20% -30% Apr-15 Sep-15 Feb-16 Jul-16 Dec-16 May-17 Oct-17 Mar-18 Aug-18 Jan-19 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 Jul
Slide 8: Portfolio Characteristics
Portfolio Characteristics Top 10 Constituents Key Portfolio Characteristics Company % to Net Assets Number of Stocks 74 ICICI Bank Ltd. 8.02% Top 5 Equity and Equity-related holdings (%)* 28.49% HDFC Bank Ltd.£ 7.71% Top 10 Equity and Equity-related holdings (%)* 42.45% Bharti Airtel Ltd. 4.72% Top
Slide 9: Investing in HDFC Value Fund – Suitability
Investing in HDFC Value Fund – Suitability Who should invest? Who should invest? Diversified multi-cap strategy with a value bias Intention to invest Intention to invest Fund managed true-to-mandate and will invest at least 60% of the in a diversified in undervalued portfolio in companies which are tr
Slide 10: Equity Market and Sectoral Outlook
Equity Market and Sectoral Outlook For disclaimer refer slide 20 10/21
Slide 11: Large Cap Valuations: In line with the Long-Term Average
Large Cap Valuations: In line with the Long-Term Average NIFTY 50 1-year Forward P/E – Trades at its 10-year Average India’s Premium to MSCI EM 140% 25 Nifty forward P/E Avg Mean+1SD Mean-1SD 120% 18.5 100% 20 80% 80% 18.3 68% 60% 15 40% 20% 10 0% Apr/24 Apr/20 Apr/22 Apr/25 Apr/23 Apr/18 Apr/16 Apr
Slide 12: Mid Cap Valuations: Significant Moderation, but Premiums continue
Mid Cap Valuations: Significant Moderation, but Premiums continue NIFTY Midcap 100 Index 1-year Forward P/E – 1-year Forward Premium to Premium of 20% to Long-Term Average Long-Term Month P/E of NIFTY Long-Term 40 Average NSE Midcap100 P/E Avg Mean+1SD Mean-1SD Midcap 100 Index Average 35 30 25 26.0
Slide 13: Small Cap Valuations: Significant Moderation, but Premiums continue
Small Cap Valuations: Significant Moderation, but Premiums continue BSE Smallcap 250 Index 1-year Forward P/E – 1-year Forward Premium to Premium of 28% to Long-Term Average Long-Term Month P/E of NIFTY Long-Term Average 30 BSE Smallcap 250 Avg Mean+1SD Mean-1SD Midcap 100 Index Average 25 21.7 Apr-2
Slide 14: Key Sectoral Commentary and Impact of Tariffs
Key Sectoral Commentary and Impact of Tariffs Auto Banks Capital Goods Consumer Staples Information Technology Pharmaceuticals Rural is doing better with Credit growth has Weak earnings Steady rural demand for the US macro slowdown US tariffs-related Tractor (+9% FY25) and slowed from 15% in momentu
Slide 15: About the Fund Manager
About the Fund Manager Mr. Anand Laddha has collectively had over 21 years of experience in Equity & Derivative Research and Sales Schemes managed at HDFC Mutual Fund: HDFC Value Fund HDFC Banking and Financial Services Fund Mr. Laddha completed his Bachelor of Commerce and earned his Chartered Acco
Slide 16: Product Features
Product Features Type of Scheme An open-ended equity scheme following a value investment strategy Inception Date February 01, 1994 To achieve capital appreciation/income in the long term by primarily investing in undervalued stocks Investment Objective There is no assurance that the investment objec
Slide 17: Asset Allocation Pattern
Asset Allocation Pattern Allocation (% of Net Assets) Types of Instruments Minimum Maximum Equity and Equity Related Instruments 65 100 Debt Securities (including securitised debt) and 0 35 money market instruments Units issued by REITs and InvITs 0 10 Non-convertible preference shares 0 10 For furt
Slide 18: Scheme Performance
Scheme Performance SIP PERFORMANCE^ - Regular Plan - Growth Option SIP since inception of Rs.10,000 invested systematically on the first business day of every month (total investment ~Rs. 37.50 lakh) in HDFC Value Fund would have grown to ~Rs. 10.62 crore by April 30, 2025 (refer below table). Since
Slide 19: Benchmark and Scheme Riskometers
Benchmark and Scheme Riskometers This product is suitable for investors who are seeking*: Riskometer# Name of the Benchmark and Riskometer • To generate long-term capital appreciation / income NIFTY 500 (Total Returns Index) in the long term • Investment primarily in undervalued stocks *Investors sh
Slide 20: Disclaimer
Disclaimer The presentation dated June 04, 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 must c
Slide 21: Thank You
Thank You
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