Slides
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Q2 FY27 Earnings Presentation (For the Quarter ended September 30, 2026)
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2 HDFC AMC at a Glance Notes - (1) Data is as of September 30, 2026 (2) Data for the quarter ended September 30, 2026; (3) PMS, SMA & advisory mandates; (4) Permanent employees (5) Includes one representative office in Dubai Source: Internal Our Platform Mutual Funds Active | Passive Alternatives AIF | PMS International Business WOS in GIFT City Mutual Funds CLOSING AUM¹ QUARTERLY AVERAGE AUM² ₹9,210 bn Total closing AUM ₹6,280 bn Equity-oriented closing AUM ₹9,691 bn Total QAAUM ₹6,507 bn Equity-oriented QAAUM Actively managed equity-oriented ₹6,085 bn QAAUM 12.7% Market share Debt ₹1,618 bn QAAUM 13.0% Market share Liquid ₹860 bn QAAUM 9.9% Market share Alternatives ₹6,908 bn AIF ₹40 bn Commitment amount PMS ₹6,869 bn Customer base 17.7 mm Unique investors 32.3 mm Live accounts Network 280 Offices⁵ 1,735 Employees⁴ 113k+ Distribution partners ~98% Pin codes serviced across India Financials Quarter ended Sep 30, 2026 ₹12,398 mm Total income ₹7,499 mm PAT 36 bps Operating margin Closing AUM3
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3 Industry
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4 Industry – AUM and Net Sales 43.5 47.0 50.2 14.1 12.9 12.5 6.9 7.9 8.7 12.7 15.3 15.9 77.1 83.1 87.2 Sep-25 Jun-26 Sep-26 Quarterly Average AUM (QAAUM) Equity as a % of Total 57%56% 58% Sep-25 to Sep-26 YoY: Overall: 13%; Equity: 15% Source: AMFI. AUM excluding FOF – domestic; equity includes equity-oriented hybrid funds; ‘Others’ includes ETF, Arbitrage and FOF–investing overseas. Money market is classified as Debt Equity includes Equity Oriented Index Funds and debt includes Debt Oriented Index Funds 43.7 48.6 48.8 13.8 12.3 11.85.6 6.5 7.112.5 14.8 15.0 75.6 82.2 82.6 Sep-25 Jun-26 Sep-26 Equity as a % of Total Sep-25 to Sep-26 YoY : Overall: 9%; Equity: 12% Closing AUM 5,137 1,405 101 1,618 4,961 -2,785 1,057 2,189 Equity Debt Liquid Others Yearly Net Sales TTM ending Sep’26 TTM ending Sep’25 TTM ending Sep’26 TTM ending Sep’25 TTM ending Sep’26 TTM ending Sep’25 TTM ending Sep’26 TTM ending Sep’25 1,490 148 -219 463 1,272 -757 984 555 1,161 -607 457 427 Equity Debt Liquid Others Quarterly Net Sales Q2-FY27 Q1-FY27 Q2-FY26 Q1-FY27 Q2-FY27 Q2-FY26 Q1-FY27 Q2-FY27 Q2-FY26 Q1-FY27 Q2-FY27 Q2-FY26 Net Sales (₹ bn) AUM (₹ trn) Equity Debt Liquid Others 59%58% 59%
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5 Industry - MAAUM by Investor Category & Location Source: AMFI, Based on Monthly Average AUM 251.9 278.6 286.2 Sep-25 Jun-26 Sep-26 Folios Overall MAAUM by Investor Category Overall MAAUM by Location 47.2 51.1 53.2 30.6 33.1 33.9 77.8 84.2 87.1 Sep-25 Jun-26 Sep-26 Individual Investors Institutional Investors Share of Individuals 61% 61% 61% MAAUM (₹ trn) 63.3 68.6 70.7 14.5 15.6 16.477.8 84.2 87.1 Sep-25 Jun-26 Sep-26 T-30 B-30 19% 19% 19% Share of B30 MAAUM MAAUM (₹ trn) Folios (mm)
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6 Industry - MAAUM by Investor Category & Location Individual MAAUM by Asset Class Equity MAAUM by Investor Category Equity MAAUM by Location 39.5 42.6 44.9 7.7 8.5 8.3 47.2 51.1 53.2 Sep-25 Jun-26 Sep-26 Equity Non Equity Share of Equity (%) 84% 83% 84% MAAUM (₹ trn) 39.5 42.6 44.9 4.4 5.1 5.343.9 47.7 50.3 Sep-25 Jun-26 Sep-26 Individual Investors Institutional Investors Total Share of Individuals 89%90% 89% 31.7 34.6 36.3 12.2 13.1 13.9 43.9 47.7 50.3 Sep-25 Jun-26 Sep-26 T-30 B-30 MAAUM (₹ trn) MAAUM (₹ trn) Share of B30 MAAUM 28% 28% 28% Source: AMFI, Based on Monthly Average AUM Note: Equity MAAUM excludes Arbitrage Schemes
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7 Industry - SIP Flows & AUM SIP Flows SIP AUM 294 318 325 Sep-25 Jun-26 Sep-26 SIP contribution (₹ bn) Source: AMFI 15.5 17.7 17.9 Sep-25 Jun-26 Sep-26 SIP AUM (₹ tn) 97.8 100.6 No. of contributing SIP Accounts (mm) 92.5
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8 HDFC AMC
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9 Total AUM & Market Share Source: Internal, AMFI Quarterly Average AUM 8,814 9,351 9,691 Sep-25 Jun-26 Sep-26 11.1% (₹ bn) 11.2%11.4% YoY 10% Closing AUM 8,728 9,319 9,210 Sep-25 Jun-26 Sep-26 11.1% (₹ bn) 11.3%11.5% YoY 6% Market Share Market Share QoQ 4% QoQ (1)%
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10 Total AUM & Market Share (Ex ETFs) Source: Internal, AMFI 8,584 8,918 9,254 Sep-25 Jun-26 Sep-26 YoY 8% 8,461 8,901 8,775 Sep-25 Jun-26 Sep-26 YoY 4% Market Share Market Share (₹ bn) (₹ bn) 12.3%12.4%12.6% 12.3%12.6%12.8% Quarterly Average AUM Closing AUM QoQ 4% QoQ (1)%
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11 Actively Managed Equity-oriented AUM and Market Share Source: Internal, AMFI 5,343 5,740 6,085 Sep-25 Jun-26 Sep-26 YoY 14% 5,396 5,929 5,880 Sep-25 Jun-26 Sep-26 YoY 9% Market Share Market Share (₹ bn) (₹ bn) 12.7%12.8%12.9% Quarterly Average AUM 12.7%12.8%12.9% Closing AUM QoQ 6% QoQ (1)%
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12 Debt AUM & Market Share Source: Internal, AMFI 1,857 1,658 1,618 Sep-25 Jun-26 Sep-26 YoY (13)% 1,841 1,612 1,531 Sep-25 Jun-26 Sep-26 YoY (17)% Market Share Market Share (₹ bn) (₹ bn) 13.0%12.9%13.2% Quarterly Average AUM 13.0%13.1%13.3% Closing AUM QoQ (2)% QoQ (5)%
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13 Liquid AUM & Market Share Source: Internal, AMFI 782 851 860 Sep-25 Jun-26 Sep-26 YoY 10% 656 730 740 Sep-25 Jun-26 Sep-26 YoY 13% Market Share Market Share (₹ bn) (₹ bn) 9.9%10.7%11.4% Quarterly Average AUM 10.4%11.2%11.8% Closing AUM QoQ 1% QoQ 1%
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14 AUM by Segment – HDFC MF & Industry Source: Internal, AMFI Sep-25 Jun-26 Sep-26 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 64.9% 56.3% 65.7% 56.6% 67.1% 57.5% Debt-oriented 21.1% 18.3% 17.7% 15.5% 16.7% 14.3% Liquid 8.9% 8.9% 9.1% 9.5% 8.9% 10.0% Others 5.2% 16.5% 7.4% 18.4% 7.3% 18.2% Quarterly Average AUM Closing AUM Sep-25 Jun-26 Sep-26 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 66.1% 57.8% 68.1% 59.2% 68.2% 59.1% Debt-oriented 21.1% 18.3% 17.3% 14.9% 16.6% 14.2% Liquid 7.5% 7.4% 7.8% 7.9% 8.0% 8.6% Others 5.3% 16.6% 6.8% 18.0% 7.2% 18.1%
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15 69.8% 69.2% 69.9% 61.1% Sep-25 Jun-26 Sep-26 Industry Sep-26 25.94 31.01 32.20 Sep-25 Jun-26 Sep-26 Source: Internal, AMFI Individual Investors – Accounts & MAAUM Individual MAAUM (Rs bn) YoY 24% YoY 9% 6,200 6,520 6,731 Individual customers prefer equity-oriented schemes and stay invested for longer periods Number of Live Individual Accounts (mm) Individual MAAUM (% of Total)
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16 14.5 17.1 17.7 57.0 61.9 63.3 Sep-25 Jun-26 Sep-26 HDFC Mutual Fund Mutual Fund Industry HDFC MF penetration in Mutual Fund Industry 25% 28% 28% Source: CAMS. Note: Unique Investors as identified by PANs/PEKRNs of all unit holders & Guardians Unique Investors (mm) Unique Investors – HDFC AMC vs MF Industry
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17 Source: Internal (1) Systematic transactions includes Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) ; (2) as on September 30, 2026 10.4 12.3 17.1 29.3 36.5 45.1 48.8 48.1 48.0 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Mar-26 Jun-26 Sep-26 18.9 #mm systematic transactions 3.1 SIP AUM(2): ₹ 2,344 bn Systematic Transactions(1) (₹ bn) Systematic Transactions
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18 Multi-channel Distribution Network Total AUM HDFC Bank 5.0% Other Banks 4.3% MFDs 23.5% National Distributors 22.4% Direct 44.7% Source: Based on internal classification. Note: Mutual Fund Distributors (MFDs) erstwhile known as Independent Financial Advisers (IFAs) Sep-2025Jun-2026 Sep-2026 Equity-oriented AUM Sep-2026 HDFC Bank 6.2% Other Banks 5.2% MFDs 29.8% National Distributors 26.8% Direct 32.0% Sep-2025Jun-2026 HDFC Bank 5.4% Other Banks 4.7% MFDs 25.2% National Distributors 21.7% Direct 43.0% HDFC Bank 5.1% Other Banks 4.4% MFDs 23.3% National Distributors 22.6% Direct 44.5% HDFC Bank 7.0% Other Banks 5.6% MFDs 32.1% National Distributors 26.3% Direct 29.0% HDFC Bank 6.4% Other Banks 5.3% MFDs 29.6% National Distributors 27.3% Direct, 31.4%
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19 (1) Source: AMFI, MAAUM for September 2026 (2) Includes one representative office in Dubai B 30 20.0% T 30 80.0% Total MAAUM1 by T30 and B30 Cities Geographic Spread Geographical Reach ▪ 11.8% market share in beyond the top 30 (B-30) cities ▪ We serve customers across ~98% of all pincodes in India ▪ Network of 280 Offices with 196 in B-30 locations2 ▪ 113k+ empaneled distribution partners
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20 Our Digital Stack Investor Portal AI Chat Bot One Click Link Tap2Invest on WhatsApp Transact on Call Website HDFC Mutual Fund Investors Partners Portal HDFC MFOnline Partners Statement on WhatsApp One Click Link API Gateway Digital Marketing Solutions Partners Agent HelpDesk Journey Management Engagement and Support Channels Customer Data Platform Personalization Tools Marketing Automation Foundation Tools 76% 81% 90% 94% 97% 98% 24% 19% 10% 6% 3% 2% FY 22 FY 23 FY 24 FY 25 FY 26 H1 FY27 98% of transactions in H1FY27 were Digital Electronic Physical ▪ Digital Platform - Features & Improvements: ▪ Launched faster investor on-boarding through unified KYC and Folio creation journey ▪ Redemption prompts to encourage investor to stay invested for long term ▪ Introduction of payment app deep links and improved portfolio view showing absolute returns & XIRR ▪ Launch of a dedicated Specialized Investment Fund (SIF) website. Enabled online investments in Global Funds via GIFT City for Investors and Partners. ▪ 4.5+ Average App Rating: Delivering a seamless and intuitive investor experience. ▪ 95%+ Query Resolution Within 1 Day: Ensuring prompt support and trust through efficient service. ▪ Driving Innovation with AI: Knowledge management, process automation, content creation, etc. Key Highlights
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21 Alternatives PMS OVERVIEW Listed Equity Private Credit Private Equity/ Venture Capital Advisory Portfolio Management Services PMS ₹6,869 bn AUM M A N D A T E T Y P E A U M Discretionary ₹6,794 bn Non-Discretionary ₹71 bn Advisory ₹3 bn Mandates from EPFO & SPFO Alternative Investment Funds AIF ₹40 bn Commitments F U N D C O M M I T M E N T S HDFC AMC Structured Credit Fund – I ₹17 bn HDFC AMC Select AIF FOF I ₹12 bn HDFC AMC Select Opportunities Fund ₹5 bn HDFC AMC Emerging Opportunities Fund-I ₹5 bn
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22 Embedding ESG Principles EnvironmentInclusive Growth Human Rights Diversity Well Being of Employees Stakeholders Health & Safety Ethics, Transparency & Accountability ESG Mission To create sustainable wealth for every stakeholder by focusing on People, Planet and Prosperity Adopted CFA Institute’s Asset Manager Code
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23 ESG Highlights 56% of Board of Directors are Independent 'ESG & CSR' committee of the Board drives ESG framework (1) For H1 FY’27 (2) A SIP of ₹3,000 or more, registered digitally between 5th - 15th June, 2026 for a minimum duration of 3 years in HDFC Mutual Fund’s open-ended equity and gold/silver schemes. (3) Permanent employees #SeedTheFuture Every eligible SIP registered, supports revival of 2,000 sq. ft. of barren land through Millet Farming2 98% Transactions were executed digitally1 23,000+ Employee training hours1 29% of Work force3 & 23% of Executive management are Women 83% of the workforce holds at least one additional certification such as CFA, CFP, NISM or equivalent 1,100+ Cancer patients provided with financial aid for their treatment 5,000 + Children given access to quality education & daily nutritious meals Portfolio that focuses on businesses whose operations align with constructive and sustainable societal outcomes Responsible Investing 1,200+ Cancer patients & attendants were provided affordable accommodation 160+ Persons with disabilities empowered through mobility aids and assistive devices
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24 ESG Highlights Note: Numbers are since launch of the initiatives 9,00,000+ Participants reached through Barni Se Azadi & SIP Saheli initiatives to promote financial independence for women ~3,00,000 Retirees and individuals nearing retirement imparted with financial knowledge to prepare for their Golden Years through Future Ready campaign ~25,000 Armed forces and families engaged through Mission Samriddhi, a financial education initiative for the defence community 5,000+ Individuals reached through Bharosa- an initiative for making financial literacy accessible for the specially abled ~4,000 Healthcare professionals empowered by enhancing their understanding of essential financial concepts through structured educational sessions 70,000+ Students empowered with financial knowledge through targeted outreach in schools and colleges 1,20,000+ teachers empowered on their journey towards financial well- being through Mutual Funds
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25 Financials
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26 Financials Summary – Half Yearly Earnings (₹ mm) Particulars HYE FY27 HYE FY26 Change Income Revenue from Operations 22,674 19,938 14% Other Income 3,335 3,286 1% Total Income 26,009 23,224 12% Expenses Finance Costs 73 63 16% Fees and Commission Expenses 47 27 74% Employee Benefit Expenses # 2,843 2,324 22% Depreciation and Amortisation Expenses 409 350 17% Other Expenses 1,957 1,844 6% Total Expenses # 5,329 4,608 16% Profit before tax # 20,680 18,616 11% Tax Expenses @ 4,798 3,957 21% Profit after tax 15,882 14,659 8% Other Comprehensive Income (net of tax) (30) (41) Total Comprehensive Income 15,852 14,618 8% Particulars HYE FY27 HYE FY26 Change Revenue from Operations 22,674 19,938 14% Total Expenses # 5,329 4,608 16% Operating Profit from core AM business 17,345 15,330 13% # For HYE FY27, Employee benefit expenses includes non-cash charge of ₹ 413 mm (HYE FY26 ₹ 268 mm) towards amortised cost of outstanding Employee Stock options and Performance-linked Stock units. @ Refer Notes slide
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27 Financials Summary – Quarterly Earnings (₹ mm) Particulars Q2 FY 27 Q2 FY 26 Change Income Revenue from Operations 11,689 10,260 14% Other Income 709 959 -26% Total Income 12,398 11,219 11% Expenses Finance Costs 36 32 13% Fees and Commission Expenses 27 14 93% Employee Benefit Expenses # 1,412 1,235 14% Depreciation and Amortisation Expenses 205 178 15% Other Expenses 940 1,005 -6% Total Expenses# 2,620 2,464 6% Profit before tax # 9,778 8,755 12% Tax Expenses @ 2,279 1,576 45% Profit after tax 7,499 7,179 4% Other Comprehensive Income (net of tax) 10 3 Total Comprehensive Income 7,509 7,182 5% Particulars Q2 FY 27 Q2 FY 26 Change Revenue from Operations 11,689 10,260 14% Total Expenses# 2,620 2,464 6% Operating Profit from core AM business 9,069 7,796 16% # In Q2 FY27, Employee benefit expenses includes non-cash charge of ₹ 186 mm (Q2 FY26 ₹ 211 mm) towards amortised cost of outstanding Employee Stock options and Performance-linked Stock units. @ Refer Notes slide
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28 Financials Summary – Sequential Quarterly Earnings (₹ mm) Particulars Q2 FY27 Q1 FY27 Change Income Revenue from Operations 11,689 10,985 6% Other Income 709 2,626 -73% Total Income 12,398 13,611 -9% Expenses Finance Costs 36 37 -3% Fees and Commission Expenses 27 20 35% Employee Benefit Expenses # 1,412 1,431 -1% Depreciation and Amortisation Expenses 205 204 0% Other Expenses 940 1,017 -8% Total Expenses # 2,620 2,709 -3% Profit before tax # 9,778 10,902 -10% Tax Expenses 2,279 2,519 -10% Profit after tax 7,499 8,383 -11% Other Comprehensive Income (net of tax) 10 (40) Total Comprehensive Income 7,509 8,343 -10% Particulars Q2 FY27 Q1 FY27 Change Revenue from Operations 11,689 10,985 6% Total Expenses # 2,620 2,709 -3% Operating Profit from core AM business 9,069 8,276 10% # In Q2 FY27, Employee benefit expenses includes non-cash charge of ₹ 186 mm (Q1 FY27 ₹ 227 mm) towards amortised cost of outstanding Employee Stock options and Performance-linked Stock units.
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29 NOTES 1. The movement in effective tax rate is on account of following: - Considering certain assessments orders, the Company had re-assessed its income tax position during the quarter ended September 30, 2025. As a result of which, the Company had reversed income tax provision for earlier periods amounting to ₹ 468 mm thereby resulting in an additional credit to the Profit After Tax of the Company for the quarter and half year ended September 30, 2025. (₹ mm) Proforma Profit after Tax HYE Sep 26 HYE Sep 25 Change QE Sep 26 QE Sep 25 Change Profit before Tax 20,680 18,616 11% 9,778 8,755 12% Provision for Tax 4,798 3,957 2,279 1,576 Tax adjustments - 468 - 468 Provision for Tax 4,798 4,425 8% 2,279 2,044 11% Profit after Tax 15,882 14,191 12% 7,499 6,711 12%
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30 NOTES 3. A Wholly Owned Subsidiary ('WOS') of the Company namely 'HDFC AMC International (IFSC) Limited', located in Gujarat International Finance Tec-City (GIFT City) had been incorporated effective May 27, 2022. The Company has disclosed extract of only standalone Financial Results in this investor presentation as the WOS is immaterial to the Group. However, the consolidated Financial Results are available on www.bseindia.com, www.nseindia.com and www.hdfcfund.com. 2. A cyber-security incident (‘the incident’) had occurred at the Company on May 16, 2026, which was duly reported to the Stock Exchanges, SEBI and other relevant regulatory and law enforcement authorities. The Company also obtained interim relief from the Hon’ble High Court of Bombay on May 29, 2026, to restrain the unauthorized dissemination, circulation or use of confidential data. Further, the Company had promptly engaged a specialist firm to conduct comprehensive assessment of its IT systems, which has since been completed. Pursuant to the assessment, the Company has taken necessary measures to further strengthen its cyber-security framework and overall IT infrastructure, as considered necessary. The Company continues to focus on strengthening controls in view of emerging cyber-security risks. The incident has not affected the continuity of the Company's business operations. Based on the assessment carried out, the Company believes that the incident has not had any material impact on Company's financial results for the quarter and half year ended September 30, 2026.
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31 Operating Profit Margin 35 36 35 35 12 10 10 11 47 46 45 46 YE FY24 YE FY25 YE FY26 HYE FY27 Operating Revenue Operating Expenses Operating Margin ____________________ Based on internal computations (bps of AAUM) Operating margin (bps of AAUM) for Q1 FY 27 and Q2 FY 27 are 35 and 36 respectively
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32 Statement of Assets and Liabilities (₹ mm) Assets Financial Assets 90,166 96,243 Non-Financial Assets 3,837 3,642 Total Assets 94,003 99,885 Liabilities And Equity Liabilities Financial Liabilities 3,562 3,718 Non-Financial Liabilities 4,220 3,856 Equity Equity Share Capital 2,145 2,142 Other Equity 84,076 90,169 Total Liabilities And Equity 94,003 99,885 Particulars As at Sep 30, 2026 As at Mar 31, 2026
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33 Breakup of Total Investments Total Investments: ₹ 87,456 million Liquid and Debt, 75.7% Arbitrage, 13.6% Equity, 10.7% Liquid and Debt Arbitrage Equity Mutual Funds, 87.8% Other Equity, CCPS and AIFs, 9.1% Debentures & Tax Free Bonds, 2.7% Subsidiary, 0.4% Mutual Funds Other Equity, CCPS and AIFs Debentures & Tax Free Bonds Subsidiary Breakdown of Total Investments Breakdown of Mutual Fund Investments Note: Investments in Equity Mutual Funds is primarily on account of the regulatory mandate; Data as of September 30, 2026
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34 21 24 35 45 54 FY22 FY23 FY24 FY25 FY26 Dividend per share Return On Equity and Dividend Per Share ____________________ (1) Calculated as Profit After Tax divided by average Net Worth (2) For FY26, a final dividend of ₹ 54 per equity share was proposed by the board on April 16, 2026 and approved by the shareholders at the Annual General Meeting held on June 24, 2026. (3) The above dividend per share information for the previous years (FY 22 to FY 25) has been restated to reflect the effect of bonus shares issued in FY 26 and therefore presented on post- bonus basis. The corresponding dividend per share on pre-bonus basis were ₹ 90, ₹ 70, ₹ 48 and ₹ 42 for the FY 25, FY 24, FY 23 and FY 22 respectively. Return on Equity(1) Dividend Per Share (₹) (2) (3) and Dividend Payout Ratio FY 22 27.0% FY 23 24.5% FY 24 29.5% FY 26 32.9% FY 25 32.4% 78% 64% 72% 77% 81% Payout Ratio
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Thank you
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36 Disclaimer This presentation is for information purposes only and does not constitute an offer or invitation to sell or the recommendation or solicitation of an offer or invitation to purchase any securities (“Securities”) of HDFC Asset Management Company Limited (the “Company”) in India, the United States, Canada, the People’s Republic of China, Japan or any other jurisdiction. This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. Please note that for ease of understanding and calculations purposes, figures are rounded off to the nearest number while presenting figures in trillion, billion and million. In view of the rounding off, any calculations representing growth in % may not tally as it is derived from the underlying number. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. Past performance may or may not be sustained in future and should not be considered as, indicative of future results. The presentation may contain information about HDFC Mutual which has to be read and understood in the context of the Company’s business, its operations and performance, and should not be construed as any form of communication/advertisement of HDFC Mutual Fund. The information contained in this presentation is strictly confidential and is intended solely for your reference and shall not be reproduced (in whole or in part), retransmitted, summarized or distributed to any other persons without Company’s prior written consent This presentation may contain, words or phrases like will”, “aim” “believe”, “expect”, “will continue”, “anticipate”, “estimate” and similar expressions or variations of these expressions, that are “forward-looking statements that involve risks and uncertainties and are based on certain beliefs, plans and expectations of the Company. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Representative examples of factors that could affect the accuracy of forward-looking statements include (without limitation) the condition of, and changes in, India’s political and economic status, government policies, applicable laws, global capital markets, the mutual fund industry in India, and international and domestic events having a bearing on the Company’s business, and such other factors beyond the Company’s control. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current views of the Company’s management on future events. Further, nothing in this presentation should be construed as constituting legal, business, tax or financial advice or a recommendation regarding the securities. None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and in particular, you should seek independent financial advice. Totals in some columns/ rows may not agree due to rounding off. Definitions AUM refers to Assets Under Management as on end of any given month/period MAAUM refers to a given month’s average Assets Under Management QAAUM refers to a given quarter’s average Assets Under Management AAAUM refers to a given year’s average Assets Under Management Unless otherwise stated, the above definitions are used for Mutual Fund Assets under management
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Press Release October 15, 2026 HDFC AMC’s Profit Before Tax for the Quarter ended September 30, 2026 at ₹9,778 million, an increase of 12% over Quarter ended September 30, 2025. HDFC Asset Management Company Limited (HDFC AMC) declares financial results for the period ended September 30, 2026. • Amongst India’s largest mutual fund managers with QAAUM market share of 11.1% for the quarter ended September 30, 2026. • Amongst India’s largest Actively Managed Equity Oriented Mutual Fund managers with QAAUM market share of 12.7% for the quarter ended September 30, 2026. • Revenue from operations was ₹11,689 million and operating profit was ₹9,069 million for the Quarter ended September 30, 2026, an increase of 14% and 16% respectively over the Quarter ended September 30, 2025.
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Mumbai, October 15, 2026: HDFC Asset Management Company Limited today reported its financial performance for the quarter ended September 30, 2026. CORPORATE HIGHLIGHTS • QAAUM of ₹9,691 billion for the quarter ended September 30, 2026, compared to ₹8,814 billion for the quarter ended September 30, 2025, 11.1% market share in QAAUM of the mutual fund industry. • QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at ₹6,085 billion for the quarter ended September 30, 2026 with a market share of 12.7%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country. • The ratio of equity and non-equity oriented QAAUM is 67:33, compared to the industry ratio of 58:42 for the quarter ended September 30, 2026. • 18.9 million Systematic transactions with a value of ₹48.0 billion processed during the month of September 2026. • Over 113k empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 280 offices of which 196 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM for September 2026 is 20.0%. • 70% of the company’s total monthly average AUM for September 2026 is contributed by individual investors compared to 61% for the industry. • Total Live Accounts stood at 32.3 million as on September 30, 2026. Unique customers as identified by PAN or PEKRN now stands at 17.7 million as on September 30,2026 compared to 63.3 million for the industry, a penetration of 28%.
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FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED SEPTEMBER 30, 2026 • The Operating Profit for the quarter ended September 30, 2026 was ₹9,069 million as compared to ₹7,796 million for the quarter ended September 30, 2025. • Profit before tax for the quarter ended September 30, 2026 was ₹9,778 million as compared to ₹8,755 million for the quarter ended September 30, 2025. • Profit after tax for the quarter ended September 30, 2026 was ₹7,499 million as compared to ₹7,179 million for the quarter ended September 30, 2025. FINANCIAL HIGHLIGHTS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 • The Operating Profit of the company for the half year ended September 30, 2026 was ₹17,345 million as compared to ₹15,330 million for the half year ended September 30, 2025. • Profit before tax for the half year ended September 30, 2026 was ₹20,680 million as compared to ₹18,616 million for the half year ended September 30, 2025. • Profit after tax for the half year ended September 30, 2026 was ₹15,882 million as compared to ₹14,659 million for the half year ended September 30, 2025.
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About HDFC AMC Incorporated in 1999, HDFC Asset Management Company Limited (HDFC AMC) is Investment Manager to HDFC Mutual Fund, one of the largest mutual funds in the country with closing AUM of Rs 9.21 trillion as on September 30, 2026. The Company offers a comprehensive suite of savings and investment products ranging from mutual funds, including both actively managed and passive options, to portfolio management services and alternative investment opportunities catering to the needs of a large and diverse customer base. HDFC AMC proudly serves a mutual fund customer base of 17.7 million unique investors, with a total of 32.3 million live accounts. The Company has a vast network of 280 offices, over 113k distribution partners and modern digital platforms, enabling it to serve clients across India. For more information, please visit the company’s website at www.hdfcfund.com. For any media queries, contact: PR@hdfcfund.com HDFC Asset Management Company Ltd.