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Earnings Call Transcript - Q3FY20 for HDFC Asset Management (HDFC AMC)

Earnings Call Transcript of Discussion between Management and Analysts for Q3FY20 Opening Remarks Starting this quarter, we have also included quarterly average AUM, we call it QAAUM, figures both for the industry as well as us, providing average AUM neutralizes impact of period end movements in AUM. It provides an overview of assets managed over the quarter and represents AUM on which fees are earned. So let me start quickly with the overview of the industry. AUM of the industry as of December 31, 2019, stood at Rs. 26.5 trillion as against Rs. 22.9 trillion as of December ’18, a growth of 16%. Equity-oriented AUM also saw an increase of over 13% during the same period and is now at Rs. 10.9 trillion as against Rs. 9.7 trillion as of December 2018. The corresponding growth in QAAUM was 13% both for overall AUM as well as that for equity. Equity-oriented funds saw much lower net new flows to the tune of only Rs. 46 billion during this quarter. The silver lining here is gross flows. During the quarter, gross flows for the industry added up to Rs. 725 billion which was similar to that of the previous quarter, that is, September 2019. The comparable number for quarter ended December 2018 was Rs. 651 billion. This leads us to believe that investors continue to have faith in equity as an asset class and equity mutual funds in particular. We would like to attribute higher redemption number to rising markets. The growth in the SIP book to Rs. 85 billion for the month of December 2019 has further strengthened our belief on continued equity flow. Individual investors now account for 53% of AUM. We now move to HDFC Asset Management. Our QA-AUM grew by 14% and our market share remained more or less flat over the year at 14.3%. The lower market share in closing AUM as compared to that of previous quarter can be partially attributed to calendar year end outflow the liquid fund. Our total AUM as at end of December 2019 stood at Rs. 3.69 trillion split in the ratio of 46:54 for equity to non-equity AUM. The QA-AUM for the quarter ended December 2019 was Rs. 3.82 trillion materially higher than the closing AUM. We have retained our position of being manager to the largest mutual fund in India. We also continue to maintain our leadership position and actively managed equity-oriented AUM. Our market share in actively managed equity-oriented QA-AUM is now 15.8%. Individual investors account for 59.5% of our AUM as against 53.4% for the industry. Click pdf to read full transcript
29-01-2020
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HDFC Asset Management Company Ltd - 541729 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of Equity Shares pursuant to exercise of stock options under Employee Stock Options Schemes
29-01-2020
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HDFC Asset Management Company Ltd - 541729 - Newspaper Publication

Publication of Notice in newspaper containing Un-audited Financial Results of the Company for the third quarter ended December 31, 2019
22-01-2020
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HDFC Asset Management Company Ltd - 541729 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Investor presentation along with press release on financial results for quarter ended December 31, 2019
21-01-2020
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HDFC Asset Management Company Ltd - 541729 - Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2019

Unaudited Financial results of the Company for the quarter and nine months ended December 31, 2019
21-01-2020
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