HDFC Asset Management Company Annual Report Analysis - Expect Better Traction In FY22: ICICI Securities

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ICICI Securities Report

Business levers ahead for HDFC Asset Management Company Ltd. include:

1. building on performance, which can improve flow share,

2. new product pipeline, and

3. possible industry momentum given the net inflows and increase in SIP witnessed in FY22TD.

The strategy includes:

Launch of products in passive categories like NIFTY Next 50 index fund, sector funds like banking and finance, thematic and international funds. The company had indicated in Q4 FY21 call that there has been a turnaround in performance October 2020 onwards and the results thereof will follow.

The induction of new fund managers has yielded designed results.

The aim remains to maintain a balance of cost competitiveness and future growth.

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