- The quarterly average assets under management (QAAUM) reached INR47 trillion, a 20% YoY increase.
- Actively managed equity-oriented funds grew to INR23.1 trillion, showing a 26% YoY increase.
- Debt funds also saw healthy growth, with QAAUM rising to INR10.3 trillion.
- The B30 MAAUM category exhibited consistent growth, with SIP flows increasing significantly.
- The company's quarterly average AUM crossed INR5 trillion, showing a 22% YoY growth.
- The company's market share in QAAUM stood at 11.2%, and when excluding ETFs, it was 12.5%.
- Debt AUM increased to INR1.37 trillion, with a 16% growth.
- The asset mix tilted towards equity, constituting 58% of AUM, higher than the industry average.
- Individual investors accounted for 68% of total monthly average AUM in August '23.
- The company has expanded its unique investor base to 7.9 million.
- SIP flows have increased by 56% YoY for HDFC AMC.
- The company launched the HDFC Cancer Cure Fund.
- Industry-wide potential for growth in fixed income funds, both short and long-term.
- The yield for equity funds is 67 basis points, while for debt funds, it's around 27-28 basis points.
- The yield for passive index funds is relatively lower.
- The yield for fresh flows in existing schemes is in the range of 50-60 basis points.
- Margin pressure may occur as AUM increases, but absolute revenues are rising.
- The pace of dilution has slowed down due to distribution cost rationalization.
- HDFC AMC has seen significant growth in equity AUM, with a market share increase from 11.5% to 12.4% over the past year.
- Monthly market share figures may fluctuate due to factors like NFOs by competitors. Overall trends remain positive.
- Employee expenses have grown by 11% YoY, driven by headcount increases and the cost of ESOPs. Expect a high-single-digit to low-double-digit increase in employee costs in the future.
- HDFC AMC's expense ratio has been reducing, currently at 13 basis points due to higher AUM growth compared to the cost increase.
- HDFC AMC offers a comprehensive range of ETFs and index funds.
- The company is focused on serving both active and passive investors.
- ETF market share is being actively pursued, especially in segments outside pension funds.
- HDFC AMC remains optimistic about the potential of its business.
- Aiming to continue expanding its product range and improving distribution capabilities.
- HDFC Asset Management Company's market share has been growing, with a focus on both lump-sum and systematic transactions.
- In September '23, inflows from systematic transactions reached INR 22.4 billion, a significant increase from the previous year.
- The trend for SIP (Systematic Investment Plan) behavior is encouraging, with increased interest among investors from various strata of society.
- The company remains focused on long-term investment and disciplined investing, promoting the concept of compounding.
- The recent changes in TER (Total Expense Ratio) regulations have led to a reduction in expenses, benefiting investors.
- The average holding period for equity investments with the company is sub-three years, which is better than the industry average.
- AUM (Assets Under Management) per individual folio has been stable and higher than the market average.
- The company's performance, brand, distribution network, and digital infrastructure have contributed to its success in gaining market share.
- The market share from HDFC Bank distribution is estimated to be in the range of 25% to 30% of their book.
- There is no specific guidance for the upcoming financial year, as the business is influenced by market dynamics.
- The company continues to focus on new customers and expanding its market share.