Hdfc Asset Management Co. Ltd. · NSE:HDFCAMC

Hdfc Asset Management — Investor Presentation (February 2024)

19 slides from Hdfc Asset Management's investor presentation, February 2024

1. Slide 1: Growing sector on a digital accelerator

   Growing sector On a digital accelerator    ­

2. Slide 2: ƒ ‘€ ‰ ˆ ‰’ Š‹  š‰ ‰ ‰ „ Š‹ ” 

   ƒ ‘€ ‰ ˆ ‰’ Š‹  š‰ ‰ ‰ „ Š‹ ”  ƒ  ƒ    „ƒ• “  – — ” “ •  ” ˜ Ž‰™   “ — ‹    „‡— “ “ ‰‰‰‰‰ˆˆ‰‰Š‹ ­Œ Ž ­ €‚ ƒ„€ †„ƒ‡„ˆƒ † 

3. Slide 3: USA

     ‰ ˆ ‡ USA ”ž ”ž ”ž ”ž ”ž ”ž “”ž ”ž ƒ „‡ ž ž ž “ž — ž Š‹ “ž “ž €  ž Š‹ ”ž  ž • ž Š‹ ž ”ž — ž Š‹ ž ž  ž š ž ž ž ‹ ž “ž „­ ž ‹ ž ž ‹ — ž Š‹ “ž ž „‡— ‹ ž Š‹ ž ž €‚ ƒ„€ † ”•€ ›”­ ‹ œ‹ Ž†Š‹œŠ ‹­ 

4. Slide 4:     ž ƒ „ƒ – ƒ € ”ž — „‡— 

       ž ƒ „ƒ – ƒ € ”ž — „‡—  — Ÿ ­ ¡  ž ¤ Ÿ—~ “‚~ ”ž € ~¡ ž ”ž ž ”ž £” £” £” £” £” £”“ £” £” £” £” £ £ £ £ £ £“ £ £ £ £” £ £ £ €‚ƒ †„ƒ‡„ƒ € †–‡– †  ‰ ”­  Ÿ ¡ƒ  ¢‰ € Ž‰ ­ 

5. Slide 5: Why this sector now?

   BHAROSA APNO KA Why this sector now? Banking is very good business if you don't do anything dumb. - Warren Buffett Refer disclaimer on page 18 5

6. Slide 6: ROEs and RoA of banks

     ­€€‚ƒ„  ­€€‚ƒ„ ”­”ž ­”ž 17.4% 12.1% ­”ž 15.7% ­”ž 11.1% “­”ž 14.7% 12.6% ­”ž ”­”ž ­”ž 10.3% ­”ž ”­”ž ­”ž “­”ž “­”ž ­”ž ­”ž 4.8% ­”ž ­”ž 3.3% ”­”ž ”­”ž ‡ ‡ ‡ ›‡ ‡ §‡ ‡ ‡” ‡” ›‡” ‡” §‡” ‡” ‡ ‡ ›‡ ‡ §‡ ‡ ‡ ‡ ›‡ ‡ §‡ ‡ ‡ ‡ ›‡ ‡ §‡ ‡ ›‡

7. Slide 7: Earnings performance and projection

     ƒ  ” ”” Earnings performance and projection  ” „ ƒ ‰ ˆ‰ ž ””  ” Š ££šœˆ‰‰ ”” ” ¤ ‰‡ ­‰ ”” ” „ ‹€ˆŠ ­ ž ” £š £” £ £ £ £ £ £ £ „ ”Ž „ ƒ Ž ””­””  ‚ ”­”” ‰ ˆ‰Ž “”­”” ”­”” ‰ ‰ ‰„ ” ”­”” ””­”” Ž ”­”” “”­”” ”­”” ”­”” ”­”” ‡‡ ‡‡” ‡‡ ‡‡ ‡‡ „ „ ƒ „ € €‚ƒ 

8. Slide 8: Banking sector valuations are below long term averages

   Banking sector valuations are below long term averages BHAROSA APNO KA 3.5 3.0 Nifty Bank 1Yr Fwd PB (weighted avg) Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 Feb-21 Feb-22 Feb-23 2.2 Feb-24 Source: Investec, Bloomberg. Data as of 8 Feb 2024 Refer disclaimer on page 18

9. Slide 9: Š ‹ € ‰ ™ ¨ ˆ‰ ¢ ˆ‰ ‰ ‘§ š‰ © •

   Š ‹ € ‰ ™ ¨ ˆ‰ ¢ ˆ‰ ‰ ‘§ š‰ © • ˆ‰ ‰‰ ˆ‰ ‰ 

10. Slide 10:    ‰ ˆ‰ ˆ‰ˆ ƒ „š£ƒ Ž ‰ ‰ ‰ ˆ‰ £”‡”

       ‰ ˆ‰ ˆ‰ˆ ƒ „š£ƒ Ž ‰ ‰ ‰ ˆ‰ £”‡” ƒŒŽ ‚ŒŽ‘     ­€ €‚ƒ‘ †Žˆ‰‰””¨”” – ­‹ ­ ”

11. Slide 11: Presenting HDFC Banking & Financial Services Fund

    BHAROSA APNO KA Presenting HDFC Banking & Financial Services Fund Refer disclaimer on page 18

12. Slide 12: – ‰ ‰ ‰ Ž ˜­        

    – ‰ ‰ ‰ Ž ˜­              ’“ † š‰ ª‰‰ ­ €‰ « ¬˜˜ ­š‰€‰ ‰ 

13. Slide 13: Sector and company portfolio weights

      š‰‰ ‰ “ž‡  ž ‰ ‰ ¤ ‰ ‰ Ž   Š‰Ž   Sector Portfolio weight (%) Company Portfolio weight (%) ƒ„¦€ “­“ –ƒ —­® ”­  „„ “­ ƒ —­ “­ „€•„ “­ Ž ƒ —­ ­ ‹š—¦ š€ ­ €ƒ ­“ „š – ­ ‹ˆ—­ ­” ƒ —­ ­ ‡€ƒ —­ ­ ƒªª—­ ­ €ƒ— —­ ­ ˜ € ƒ —­ ­  € ‰ ‚‹ ›”„€ ­­®€ 

14. Slide 14: ‹  ”‹  ‹ ‰ ¢ ˆ ˜ ˆ ‰ ‰ ‰ ‰

    ‹  ”‹  ‹ ‰ ¢ ˆ ˜ ˆ ‰ ‰ ‰ ‰ ƒ‘€ ‰ ˜ € ˜ ‰ ‰ ‡ š‰‰ ‰ ‡ ‰ ‰ ¤ˆ‰ˆ ˆ‰ ¢‰ ‰ ‰ ˆ‰ ‰ ˜ š‰ ˆ‰‰ ˆ‰‰ƒ‰ Ž^”ž ‰„™ ‰€‰ ˆ‰‰ ‰‰­   ‡ † ‡ ˜†^„š£€ Ž­ƒ‘€‡ƒ € 

15. Slide 15: ’ ’ š‰€‰ ˆ ˜ ˜ ƒ € ˆ‰ ‡ Ÿ„ƒ¡‰ ‰ • ‰

    ’ ’ š‰€‰ ˆ ˜ ˜ ƒ € ˆ‰ ‡ Ÿ„ƒ¡‰ ‰ • ‰ Ÿž „ ¡ ‰€‰ ¥ ˆ ˆ ‚  ’ ƒ ’ Š ‹ ­•ˆ ’ „ ­•ˆ ’ „ ˜ ˜ ” ”” –‰ ƒ € ˜ ˜ ” ” –‰ ‰‰ „‡ ‰ ” ” —ˆ • š š ” ” –‰ Œ ” ” —ˆ Ž Œ€ ‰€§ Ÿ€§¡ ‰Ÿ ¡ €‰

16. Slide 16: Weight

     ­ Weight€‚ ƒ„ ˜ ‰ ƒ € € š‡ ˜˜ ˆ‚ ƒ† †‰Š‹ †‚ ­š‰ ‰‰ ª ‰€‰ ˆ©­ „ Œ €Ž ­—‰ ˆ‚ ƒ† †‘­ƒ ‹ ‹ ˆ‚ ƒ† †‰ † ƒ • ‰‹‚Šˆ‰‘‹ ¢‰ˆŸ¢¡ ‡ ¢‰ˆŸ¢¡§ ­ Œ„ ­†  „† „€ †„ „ƒ ‡ € € ’ €‘­“‰ †  ‹‰ ‹‰ ‚` ”” ‰ — „ ” †€„†„€ ‰‰ ˆ‰‡ • Ž— ­””ž • ˆ‰‡ˆ‰” ‰ ­ Ž— „ Ž— • ˆ‰‡ ” ‰ € š ‰ €

17. Slide 17: ‚ ‚‹ ‚  „™ ›”₹­ ”Ÿ¡  ™ Ÿ₹¡”””” €‰ ƒ‰ ‹ ƒ‰

    ‚ ‚‹ ‚  „™ ›”₹­ ”Ÿ¡  ™ Ÿ₹¡”””” €‰ ƒ‰ ‹ ƒ‰ Ÿž¡ Ÿž¡° Ÿž¡°°  €‰ Ÿ₹¡ ƒ‰ Ÿ₹¡° ƒ‰ Ÿ₹¡°° › — £  ­  ­ ­     ›” €Œ ­ ­” ­  ” “ “ ­€‚ ƒ„ „ƒ† ‡ˆ‰Š‚ ƒ„ „ƒ‹ŒŽ†‘ Š†’‹ŒŒŽ†‘“ Š†’‹  ’ ƒ ”Šˆ•’‹ ‰  ­ ”’ –­– †­ –  ’ – 

18. Slide 18: ‹ š‰  ” ‰ –  — Ÿ– ¡ ‰ ­ Ž ˆ‰‰

    ‹ š‰  ” ‰ –  — Ÿ– ¡ ‰ ­ Ž ˆ‰‰ ‰ ­š‰ ‰ ­š‰ ­š‰ ‰ ª ‰ ˆ‰ ‰ ­š‰ ‰ ¤ ‰ ‰ ­š‰ ‰ ˆ ˆ ˆ ‰ ¤ ‰ Ž ‰ ­  †€ € ‰ ‰ ‰ –­€‰ « ¬˜ ˜ ­š‰€‰ ‰ ‰ ­–  ¤ ‰ ‰ Ÿ ¡­š‰ Ž ‰ ‰ ‰ ‰ ­„‰–– ˆ‰‰ ‰ ‰ ­š‰Ÿ ¡ ‰ ‰ ‰ ‰‰ˆ ‰ ‰ ‰­ ­’ œ  ‹ Ÿ ‹ „   ž ƒ‰ ‚„š£ € ŸšŽ¡ ±š ± ˜‘˜ ­ Œ ‰ ‰ ˆ‰‰‰ ‰ ­ ° ‰‰‹ ‰ˆ ‰©­ˆˆˆ­‰ ­ š‰€‰ ‰‰ ˜ ­

19. Slide 19: PAN SHDFC

    PAN SHDFC \ \ BHAROSA APNO KA

HDFC Asset Management Company — Investor Presentation (February 2024) on 6ix