HDFC Asset Management Company Limited – Investor Presentation Summary
Key Operational Highlights
QAAUM of ₹9,691 billion for Q2 FY27 with 11.1% market share in mutual fund industry QAAUM
Actively managed equity-oriented QAAUM of ₹6,085 billion with 12.7% market share
18.9 million systematic transactions with value of ₹48.0 billion processed in September 2026
113k+ empaneled distribution partners across MFDs, National Distributors and Banks
280 offices with 196 in B-30 locations, contributing 20.0% to total monthly average AUM
70% of total monthly average AUM contributed by individual investors vs 61% industry average
Total Live Accounts: 32.3 million as of September 30, 2026
Unique customers: 17.7 million as of September 30, 2026 (28% industry penetration)
Segment-wise Performance
Quarterly Average AUM Composition (HDFC MF vs Industry):
Equity-oriented: HDFC MF 64.9% vs Industry 56.3% (Q2 FY27)
Debt-oriented: HDFC MF 21.1% vs Industry 18.3% (Q2 FY27)
Liquid: HDFC MF 8.9% vs Industry 8.9% (Q2 FY27)
Others: HDFC MF 5.2% vs Industry 16.5% (Q2 FY27)
Closing AUM Composition (September 2026):
Equity-oriented: HDFC MF 68.2% vs Industry 59.1%
Debt-oriented: HDFC MF 16.6% vs Industry 14.2%
Liquid: HDFC MF 8.0% vs Industry 8.6%
Others: HDFC MF 7.2% vs Industry 18.1%
Financial Highlights
Q2 FY27 Performance:
Revenue from Operations: ₹11,689 million (14% YoY growth)
Other Income: ₹709 million (-26% YoY)
Total Income: ₹12,398 million (11% YoY)
Total Expenses: ₹2,620 million (6% YoY)
Operating Profit from core AM business: ₹9,069 million (16% YoY)
Profit before tax: ₹9,778 million (12% YoY)
Profit after tax: ₹7,499 million (4% YoY)
Total Comprehensive Income: ₹7,509 million (5% YoY)
H1 FY27 Performance:
Revenue from Operations: ₹22,674 million (12% YoY growth)
Total Income: ₹26,009 million (12% YoY)
Total Expenses: ₹5,329 million (16% YoY)
Operating Profit from core AM business: ₹17,345 million (13% YoY)
Profit before tax: ₹20,680 million (11% YoY)
Profit after tax: ₹15,882 million (8% YoY)
Total Comprehensive Income: ₹15,852 million (8% YoY)
Margin Analysis:
Operating margin (bps of AAUM): 35 bps for Q1 FY27, 36 bps for Q2 FY27
Geographical Revenue Split
Domestic vs Export/Regional Revenue: Not Specified
Market share in beyond top 30 (B-30) cities: 11.8%
Customers served across ~98% of all pincodes in India
Balance Sheet Snapshot
As of September 30, 2026:
Total Assets: ₹94,003 million
Financial Assets: ₹90,166 million
Non-Financial Assets: ₹3,837 million
Financial Liabilities: ₹3,562 million
Non-Financial Liabilities: ₹4,220 million
Share Capital: ₹2,145 million
Other Equity: ₹84,076 million
Capex & Cash Flow Health
Capital Expenditure: Not Specified
Free Cash Flow: Not Specified
Operating Cash Flow: Not Specified
Net Debt Movement: Not Specified
Strategic & R&D Initiatives
Digital Stack Enhancements:
Launched faster investor onboarding through unified KYC and Folio creation journey
Redemption prompts to encourage long-term investment
Introduction of payment app deep links and improved portfolio view showing absolute returns & XIRR
Launch of dedicated Specialized Investment Fund (SIF) website
Enabled online investments in Global Funds via GIFT City
4.5+ Average App Rating
95%+ Query Resolution Within 1 Day
AI implementation for knowledge management, process automation, content creation
Alternative Investment Funds:
Private Credit AUM: ₹6,869 billion
Private Equity/Venture Capital AUM: ₹6,794 billion
Commitments: ₹40 billion
Specific funds include HDFC AMC Structured Credit Fund – I (₹17bn), HDFC AMC Select AIF FOF I (₹12bn), HDFC AMC Select Opportunities Fund (₹5bn), HDFC AMC Emerging Opportunities Fund-I (₹5bn)
ESG Updates
ESG highlights provided for H1 FY27 but specific metrics not detailed in presentation
Industry Trends & Business Environment
Individual customers prefer equity-oriented schemes and stay invested for longer periods
Industry AUM and net sales data referenced from AMFI
Industry MAAUM by investor category & location data included
Industry SIP flows & AUM trends presented
Management Commentary & Growth Outlook
Strategic outlook: Not specifically detailed in presentation
FY Guidance: Not provided
Market Share Targets: Not specified
Key Risks
Cyber-security incident occurred on May 16, 2026, reported to regulators and law enforcement
Obtained interim relief from Bombay High Court on May 29, 2026 to restrain unauthorized data dissemination
Specialist firm engaged for comprehensive IT assessment, completed with strengthening measures implemented
Company states incident did not affect business continuity and had no material financial impact on Q2 and H1 FY27 results
Additional Notes
Employee benefit expenses include non-cash charge of ₹186mm in Q2 FY27 (₹211mm in Q2 FY26) for amortized cost of outstanding Employee Stock options and Performance-linked Stock units
H1 FY27 employee benefit expenses include ₹413mm non-cash charge (₹268mm in H1 FY26)
Tax expense movement affected by reversal of ₹468mm income tax provision in Q2 FY25 due to reassessment of income tax position
Proforma Profit after Tax showing 12% growth both for H1 FY27 (₹15,882mm vs ₹14,191mm) and Q2 FY27 (₹7,499mm vs ₹6,711mm) when adjusting for tax provision reversal
Wholly Owned Subsidiary 'HDFC AMC International (IFSC) Limited' in GIFT City incorporated May 27, 2022, considered immaterial to Group
