Date: June 1, 2026

Business Activities

  • Main Activity: Financial & Insurance Service (99.63% Fund Management Services, 0.37% Financial Advisory, Brokerage & Consultancy Services)
  • NIC Code: 66301 (Mutual funds, portfolio management services, alternative investment opportunities)

Operations

  • Number of Offices: 279 National, 1 International (Dubai Representative Office)
  • Markets Served: 36 Indian States/UTs, 1 International Country
  • Export Contribution: 0.04% of revenue from operations
  • Customer Base: 1.67 crore unique mutual fund customers, 3.02 crore live accounts
  • Market Share: 27% of all mutual fund investors in India
  • MAAUM March 2026: 68% individual investors, 32% institutional investors
  • Geographic Distribution: 81% from top 30 cities, 19% from beyond top 30 cities

Employees

  • Total Employees: 2,305 (1,713 permanent, 592 other than permanent)
  • Gender Distribution: 69% male (1,581), 31% female (724)
  • Differently Abled Employees: 1 female permanent employee
  • Board Diversity: 22.22% female representation (2 out of 9 directors)
  • KMP Diversity: 33.33% female representation (1 out of 3 KMPs)
  • Turnover Rate: 10% for permanent employees (10% male, 11% female)
  • Training: 79,000 employee training hours in FY25-26

Holding/Subsidiary Companies

  • Holding Company: HDFC BANK LIMITED (52.37% shareholding)
  • Subsidiary: HDFC AMC International (IFSC) Limited (100% Wholly Owned Subsidiary)
  • Business Responsibility initiatives are on standalone basis only

CSR Details

  • CSR Applicable: Yes (Section 135 of Companies Act, 2013)
  • Turnover: ₹4,119 Crore
  • Net Worth: ₹9,231 Crore

Transparency and Disclosures

  • Shareholder Complaints: 4 filed, 0 pending resolution
  • Customer Complaints: 1,561 filed, 9 pending resolution
  • Distributor Complaints: 3 filed, 0 pending resolution
  • Anonymous Complaints: 1 filed, 0 pending resolution

Material Responsible Business Conduct Issues

1. ESG Integration in Investment Decisions (Risk & Opportunity)

2. Financial Literacy (Opportunity)

3. Data Security & Customer Privacy (Risk)

4. Digitization (Opportunity)

Policy Framework

  • NGRBC Principles Coverage: Principles 1-6, 8-9 covered with policies; Principle 7 not covered as company doesn't directly engage in advocacy
  • Board-approved policies covering ethics, transparency, product responsibility, employee wellbeing, stakeholder responsiveness, human rights, environmental protection, inclusive growth, and customer engagement
  • Certifications: ISO 22301:2019 (Business Continuity), ISO/IEC 27001:2022 (Information Security), UNPRI signatory, Climate Action 100+ signatory, CFA Institute Asset Manager Code adoption

Performance Against Commitments

Financial Literacy
  • 4,500 Investor Education and Awareness Programmes conducted
  • Over 35 lakh audience engagement
  • 22+ lakh women reached through Barni Se Azadi and SIP Saheli initiatives
  • 14,000+ armed forces personnel engaged through Mission Samriddhi
  • 70,000+ students reached through Mission Mars and Campus Connect
  • Bharosa initiative for specially abled individuals
  • Nearly 4 lakh investors engaged through weekly quizzes
CSR and Volunteering
  • 2,900+ cancer patients provided financial aid
  • 2,700+ Cancer patients & attendants provided affordable accommodation
  • 4,000+ children given access to quality education & nutritious meals
  • 600+ persons with disabilities empowered through mobility aids
  • 600+ AYUSH practitioners received emergency response training
  • Support to Ramakrishna Mission Sevashrama for radiotherapy unit
  • Joy of Giving Week: 4,000+ items donated by employees
Energy & Waste Management
  • 6,500+ Kgs of e-waste and battery waste processed environmentally
  • 97% transactions processed digitally
  • 8,000 school bags from recycled plastic distributed under Nurture Nature 5.0
  • 59,000 sq.ft. "Biodiversity Park" supported through CSR
  • Timers deployed for signage boards to optimize electricity
  • Head Office LEED Gold certified
Workforce Diversity
  • 29% of permanent workforce are women
  • 23% of leadership team comprise women
Up-skilling
  • 79,000+ employee training hours
  • 11 Ethics workshops covering 1,450+ employees
  • 700+ employees attended ESG awareness session
  • 1,700+ employees underwent behavioural training
  • 259 training sessions for distribution partners
  • 90% employees with additional certifications (NISM, CFA, CFP)
  • 311 people trained/interned
  • 1,500+ employees attended AI training programs

Governance Structure

  • Director Statement: Mr. Navneet Munot (Managing Director & CEO) provided ESG challenges, targets and achievements statement
  • Highest Implementation Authority: Mr. Navneet Munot, Managing Director & Chief Executive Officer
  • Board Committee: ESG and CSR Committee provides oversight
  • Committee Members: Mr. Deepak Parekh (Chairman), Mr. Navneet Munot (Member), Mr. Sanjay Bhandarkar (Member), Mr. Parag Shah (Member)

Principle-wise Performance Metrics

Principle 1 (Ethics & Transparency)
  • Training Coverage: 100% of Board, KMPs, and employees covered by awareness programs
  • Fines/Penalties: NIL in FY25-26
  • Anti-corruption policy: Yes, implemented
  • Disciplinary Actions: NIL for bribery/corruption
  • Conflict of Interest Complaints: NIL
  • Accounts Payable Days: 36 days (FY25-26) vs 34 days (FY24-25)
  • Related Party Transactions: 9.49% of purchases, 0.36% of investments
Principle 2 (Product Responsibility)
  • R&D/Capex: Limited relevance as service company; IT capex was 37.42% of total capex
  • Sustainable Sourcing: Practices implemented including green standard hardware, ISO 14001 certified data centers
  • Waste Reclaiming: Collaboration with certified e-waste handlers, battery recycling arrangements
Principle 3 (Employee Wellbeing)
  • Health Insurance: 100% coverage for all employees
  • Life/Accident Insurance: 100% coverage for all employees
  • Maternity Benefits: 100% coverage for female employees
  • Paternity Benefits: 100% coverage for male employees
  • Retirement Benefits: 100% coverage for PF, Gratuity, ESI, NPS
  • Workplace Accessibility: Most offices accessible to differently abled persons
  • Parental Leave Return: 97% return to work rate (100% male, 87% female)
  • Grievance Mechanism: Multiple channels including whistle-blower policy, open-door policy
  • Safety Performance: LTIFR 1.49, 5 recordable work-related injuries, 0 fatalities
Principle 4 (Stakeholder Responsiveness)
  • Key Stakeholders Identified: Customers, Distribution partners, Employees, Shareholders, Regulatory Bodies, AMFI & industry bodies, Communities & NGOs, RTA, Vendors, Bankers, Custodians, Media
  • Engagement Frequency: Ongoing and need-based for most stakeholders
  • Vulnerable Groups Engagement: Bharosa (specially abled), HDFC Cancer Cure Fund, enhanced services for senior citizens
Principle 5 (Human Rights)
  • Human Rights Training: 99.8% coverage of employees
  • Minimum Wages: 100% employees paid above minimum wage
  • Median Remuneration: Board ₹63 lakh, KMP ₹557.60 lakh, Other employees ₹11.89 lakh (male), ₹9.41 lakh (female)
  • Female Wage Share: 20.43% of total wages
  • Human Rights Mechanisms: POSH committees, nodal officer, whistle-blower policy
  • Complaints: NIL across all human rights categories
  • POSH Complaints: 0 reported, 0 upheld
Principle 6 (Environmental Protection)
  • Energy Consumption: 21,227 GJ total (15,366 GJ electricity, 5,861 GJ fuel)
  • Energy Intensity: 5.15 GJ/₹cr revenue, 9.21 GJ/employee
  • Water Withdrawal: 24,716 kL (100% third party water)
  • Water Consumption: 4,943 kL
  • Water Intensity: 1.20 kL/₹cr revenue, 2.19 kL/employee
  • Water Discharge: 19,773 kL (100% to third parties without treatment)
  • GHG Emissions: Scope 1 - 421 tCO₂e, Scope 2 - 3,031 tCO₂e
  • Emission Intensity: 0.84 tCO₂e/₹cr revenue, 1.50 tCO₂e/employee
  • Waste Generated: 6.76 metric tonnes (6.54 battery waste)
  • Waste Intensity: 0.0016 MT/₹cr revenue, 0.003 MT/employee
  • Waste Recovered: 6.57 MT recycled
  • Waste Disposed: 0.20 MT (0.13 incineration, 0.07 landfilling)
  • Environmental Compliance: Fully compliant with all applicable laws
Principle 7 (Public Policy Advocacy)
  • Industry Affiliations: 6 trade associations including AMFI, Bombay Chamber, APMI, IVCA, UNPRI, Sahamati
  • Advocacy Approach: Through industry bodies only, no direct advocacy
Principle 8 (Inclusive Growth)
  • MSME Sourcing: 17.64% from MSMEs/small producers
  • Domestic Sourcing: 99.47% from within India
  • Rural Employment: 0.07% wage cost in rural areas
  • Semi-urban Employment: 2.13% wage cost
  • Urban Employment: 16.65% wage cost
  • Metropolitan Employment: 81.15% wage cost
  • CSR in Aspirational Districts: ₹1.02 crore spent in Khandwa, Madhya Pradesh
  • Marginalized Procurement: From Society for Vocational Rehabilitation of the Retarded and Indian Disabled's Service Co-Op. Society Ltd.
Principle 9 (Customer Engagement)
  • Consumer Complaints: 1,561 delivery of essential services complaints, 9 pending
  • Data Breaches: NIL instances
  • Cyber Security Framework: Comprehensive policies including Information Security Policy, Cyber Security & Cyber Resilience Policy
  • Customer Education: Riskometers, product literatures, investor charter, fraud prevention communications
  • Service Disruption Mechanisms: Robust BCP/DR plans, website communications

Independent Assurance

  • Assurance Provider: SGS India Private Limited
  • Assurance Type: Reasonable Assurance for BRSR Core attributes
  • Standards: ISAE 3000 (Revised) and ISAE 3410
  • Scope: BRSR Core indicators covering energy, water, waste, employee wellbeing, gender diversity, inclusive development, customer fairness, and business openness
  • Conclusion: Information is complete, accurate, reliable, and fairly stated in all material respects

Not Specified Sections

  • KMP / Board / Auditor Changes: Not specified
  • Dividend Declaration: Not specified
  • Board Meeting Outcomes: Not specified
  • Financial Results: Not specified
  • Auditor's Report: Not specified
  • Disinvestment / Strategic Actions: Not specified
  • Media Release / Investor Communication: Not specified