• The document is a transcript of the Q2 FY27 Earnings Conference Call conducted after the meeting of the Board of Directors on October 15, 2026.
  • The call was moderated and included participation from management representatives: Mr. Navneet Munot (Managing Director and Chief Executive Officer), Mr. Naozad Sirwalla (Chief Financial Officer), and Mr. Simal Kanuga (Chief Investor Relations Officer).
  • The purpose was to discuss quarterly results for the quarter and half year ended September 30, 2026, including financial performance, AUM growth, market trends, and strategic updates.
  • The transcript indicates the meeting occurred after the earnings announcement on October 15, 2026.
  • The company stated that the transcript can be accessed on their website at: https://www.hdfcfund.com/about-us/financialinformation/shareholder-presentation
  • Financial highlights disclosed include:
  • Revenue from operations: INR 11.7 billion (up 14% YoY)
  • Operating profit: INR 9.1 billion (up 16% YoY)
  • Operating margin: 36 basis points of AUM
  • Profit before tax: INR 9.8 billion (up 12% YoY)
  • Quarterly average AUM: INR 9.69 trillion (up 10% YoY, 4% sequential)
  • Equity-oriented AUM: INR 6.51 trillion (67.1% of total AUM)
  • Active equity AUM: INR 6.08 trillion (12.7% market share)
  • Debt AUM: INR 1.62 trillion (13% market share)
  • Liquid AUM: INR 860 billion (up 10% YoY)
  • Live individual accounts: 32 million (from 26 million a year ago)
  • Unique investor base: 17.7 million (28% penetration)
  • Systematic flows (SIPs + STPs): INR 48 billion in September (up 6% YoY)
  • ESOP expense: INR 186 million for the quarter
  • Management provided details on yields:
  • Active equity yield: 61 basis points
  • Overall equity fund yield: 58 basis points
  • Debt yield: 28-29 basis points
  • Liquid yield: 13 basis points
  • Strategic updates included:
  • Launch of two new AIFs (Category II equity fund and Category III fund)
  • EPFO fixed income mandate started during the quarter
  • Expansion into PMS, AIF, and international funds through GIFT City
  • Focus on building a one-stop investment platform
  • The company indicated that non-mutual fund revenue remains immaterial currently.

Additional Notes Section

  • The document is specifically the transcript of the earnings call submitted to stock exchanges as a regulatory disclosure.
  • The transcript contains detailed financial data and management commentary as presented during the call.
  • No attachments were mentioned in the provided data text.