HDFCAMC- Technical and Fundamental ( Concall summary)NSE:HDFCAMC
📈 #HDFCAMC Performance Update
1/🧵 AUM Growth 🌟: A strong year for HDFC AMC with a 20% YoY increase in quarterly average AUM, hitting a record INR 47 trillion. Equity-oriented funds grew by 26% YoY, reaching INR 23.1 trillion. #AUMGrowth #EquityFunds
2/🧵 Debt Funds Surge 💰: The quarter saw debt funds' AUM rise to INR 10.3 trillion. The B30 MAAUM category also showed significant growth, indicating rising mutual fund acceptance in these markets. #DebtFunds #MarketExpansion
3/🧵 Record-Breaking AUM 🚀: For the first time, the company's quarterly average AUM crossed INR 5 trillion, reaching INR 5.25 trillion - a 22% YoY growth. #RecordGrowth #FinancialMilestones
4/🧵 Market Share Momentum 📈: HDFC AMC’s market share continues to rise, with an overall QAAUM market share of 11.2% and 12.5% excluding ETFs. #MarketShare #InvestmentGrowth
5/🧵 Equity-Oriented Focus 🌐: The company's asset mix is now more equity-oriented, making up 58% of the total AUM. Also, its unique investor base expanded to 7.9 million by September 2023. #EquityFocus #InvestorBase
🆕 New Product Launches
6/🧵 Diverse Offerings 🛍️: HDFC AMC launched various new funds, including non-cyclical consumer, transportation & logistics, technology, and pharma & healthcare funds. #FundLaunch #Diversification
💹 Financial Performance Insights
7/🧵 Revenue and Profit Surge 💸: The company’s revenue from operations for Q2 grew by 18% YoY to INR 6.43 billion, while operating profit increased by 20% YoY to INR 4.67 billion. #RevenueGrowth #ProfitIncrease
8/🧵 Cost Dynamics 💼: Staff costs rose by 11% YoY, and other expenses grew by 22% YoY. #OperationalCosts #FinancialHealth
🔄 Marketing and Distribution Strategies
9/🧵 Long-term Investing Focus 🔄: HDFC AMC emphasizes SIP and systematic transactions for disciplined, long-term investing. #SIP #LongTermInvestment
10/🧵 Strengthening Partnerships 🤝: The company is enhancing its collaboration with HDFC Bank to leverage the bank’s distribution network, adding a dedicated vertical for this channel. #StrategicPartnerships #BankingNetwork
11/🧵 Market Share Gains 📊: A combination of performance, product range, and distribution efforts has led to market share gains, particularly in SIP flows and unique investors. #MarketShare #InvestorGrowth
12/🧵 Customer-Centric Approach 🧑💼: The company's focus on individual customers has resulted in increased folios and average AUM per folio, with higher flow market share in HDFC Bank. #CustomerFocus #GrowthStrategy
🔍 Other Key Highlights
13/🧵 Dividends and Future Plans 💼: HDFC AMC expects an upward trend in dividend payout ratios and plans to launch new funds, subject to regulatory approvals. #Dividends #FuturePlans
14/🧵 Passive Investment Strategy 🛠️: The company is expanding its product offerings in the passive space while maintaining a balance with active investment strategies. #ETFs #InvestmentApproach
15/🧵 Cost and Guidance Outlook 🔭: Expectations are for employee costs to increase annually by high-single-digit or low-double-digit percentages. No specific guidance provided for the upcoming financial year. #CostOutlook #FutureGuidance
📈 Chart analysis
16/🧵Sharing my trances, and hopefully, the stock move towards the key levels with some strong financial performance in coming weeks and months
🔚 Stay tuned for more updates and insights on HDFC Asset Management and follow Peaceful Weekend Investing and your friend Shivendra Bhatia
#HDFCAMC #InvestingJourney
