HDFC Asset Management Company Limited

Q3 FY 2022 Review

HDFC Asset Management Company (AMC) Limited reported net revenue of ₹549.67 crores for the quarter ended December 31, 2021, as compared to ₹481.86 crores for the quarter, ended December 31, 2020. EBIT and Profit After Tax were ₹487.30 crores and ₹359.75 crores for the quarter ended, December 31, 2021, as compared to ₹484.82 crores and ₹369.26 crores, during the corresponding quarter of the previous year.

HDFC Asset Management Company - Investment Summary

Overview

• HDFC AMC Limited is promoted by HDFC Limited and Standard Life, is one of the largest AMCs in India, with the Asset Under Management (AUM) of ₹4,36,700 crores as of December 2021.

• HDFC AMC Limited got listed on NSE and BSE as of 06th August 2018.

• The company also provides portfolio management & separately managed account services to HNIs, family offices, domestic corporates, trusts, provident funds, and global and domestic institutions.

• The company has 227 branches and more than 70,000 empaneled distribution partners.

HDFC Asset Management Company - Quarterly Summary

Business

• HDFC AMC Limited has been incorporated under the Companies Act, 1956 on December 10, 1999, and was approved to act, as the Asset Management Company for HDFC Mutual Fund by the Securities and Exchange Board of India (SEBI) vide its letter dated July 3rd, 2000.

• The company is also registered under SEBI (Portfolio Managers) Regulations, 1993, and provides Portfolio Management Services.

• As of December 31st, 2021, HDFC Limited, the holding company owned 52.62% of the Company’s equity share capital.

• The company launched two NFOs in Q3FY2022: Multicap fund (AUM of ₹4353 crores as on December 31, 2021) and Nifty Next 50 fund.

• The company has got approval of nine ETF. Looking to launch debt and silver ETF. Further, it plans to launch sectoral, ETF, index and thematic funds in coming months. Have few funds in pipeline in thematic category.

• HDFC AMC plans to enter alternative funds and will further launch category ii funds and filled permission with SEBI to launch 3 funds.

• The company plans to launch a subsidiary to Gift City named HDFC AMC IFSC, which will act as investment manager to the schemes launched under Alternative Investments Funds.

• Total Live Accounts were at 96 lakhs as on December 31, 2021. Unique customers as identified by PAN or PEKRN are now at 57 lakhs as on December 31, 2021 compared to 3.06 crores for the industry.

• In FY 2021, Equity-oriented schemes constituted 43% of the total AUM, followed by Debt-oriented schemes 38.5%, Liquid Funds 16.1%, and Others 2.3%, compared to 38.3%, 32.8%, 27.2% and, 1.7 in FY 2020.

• Out of the total revenue, 99% of revenue have generated from India and 0.69% from other countries in FY 2021, compared to 99% and 0.80% in FY 2020.

• Total revenue (including other income) increased by 2.72 % to ₹2,201.74 crores in FY 2021, as compared to the previous year.

Revenue Trend

Topline and Bottomline trend (crores)

Asset Under Management (in crores)

Ratio Analysis

HDFC Asset Management Company - Financial Overview

Profit and Loss Statement (₹ in Crores)