The Trust associated with the HDFC brand.
A one-stop shop for individuals, families, corporates, and institutions when it comes to their investments.
The most profitable Mutual Fund.
HDFC AMC FY21 Annual Report Takeaways
'We are the fiduciary to our customers โ their interests clearly supersede'
Hit the 'retweet' & help us educate more investors
A thread ๐งต๐
The Trust associated with the HDFC brand.
A one-stop shop for individuals, families, corporates, and institutions when it comes to their investments.
The most profitable Mutual Fund.
52.7% by HDFC Ltd & 21.2% by Standard Life investments.
Rev up 3%
76% EBITDA margin
Pat up 5%
AUM up 24% to 3.95 Cr (43% Equity, 39% Debt, 16% Liquid) | PMS & big accounts at 9.7K Cr
53 lakh investors
1254 employees
Digital transactions: 82% of total
13.7% market share in MAAUM & 12.6% in total AUM
In Equity, will increase the diversity in their investment style & approach: have faced the brunt of underperformance in the past | 24 schemes
Debt schemes were able to tide through the tough phase of defaults by a large NBFC & HFC, COVID-19 | 68 schemes
Increasing service centers (ISCs) & distribution partners
69% of the AUM comes from the Top 5 cities:
Potential to ramp up in the next 100s of cities. This is also due to higher ticket size/person in the bigger cities.
- Explains why ๐ฎ๐ณ's economy will get back on its growth trajectory
- MF industry reached an ATH of 30lk Cr in AUM: still underpenetrated in terms of AUM/GDP & AUM/deposits
- FPIs being the potential whale clients for Indian AMCs.
- 1 in 4 investors in ๐ฎ๐ณ is invested with HDFC AMC
- Launched Dividend yield fund & Banking ETF during FY21
- To cover sector/specific themes, international markets, and passive strategies in the next few quarters
His Background ๐
Multiple initiatives to reach clients: App to WhatsApp chatbot to online portals, E-KYC
The in-house platform caters to 60%+ of direct transactions, grew 21% | Mobile to web ratio now 1:2
- Targetting peeps from all walks of life to create a mindshare
- 1st and only one to date to launch a mutual fund dedicated to a social cause
- One of the youngest workforce with an avg age of 34 years
Healthy growth of mutual fund AUM in India: at 20% cagr for the last 5yrs.
Must be adequately paid in cash (up 5%) & Esops (Issued at a grant price of 2934/share: a 335 Cr Esop Policy)
Need more clarity from Mr. Munot in the upcoming con calls.
A class company, nonetheless, in a massive growth industry.
End of Thread.
Key Terms in the industry explained ๐
HDFC AMC results:-
— JST Investments (@JstInvestments) April 27, 2021
\U0001f4b5Revenues grow by 21%
\U0001f4b5Profits grow by 26%
\U0001f4b5Dividend of Rs 34/share
Stable results but need to watch out for the commentary from Navneet Munot#Q4withJST pic.twitter.com/JYqjnMaiwB
'Business Model: funds are raised from investors in different schemes & invested by the company while taking a small cut for the service known as the expense ratio.'
HDFC AMC FY20 Annual Report Takeaways.
https://t.co/4VOdd427mD
More from JST Investments
A Thread of our threads on the Business Analysis of specific companies ๐งต๐
RT if this adds value to your investing journey.
1/ Chemcon: A specialty chemical company that is a globally dominant player in its molecules, most of which go into the Pharmaceutical industry & have a high criticality attached to
2/ Aegis Logistics: An oil & gas logistics company, with a stronghold on the LPG supply chain & riding the tailwinds of increased exports owning to weak domestic production. Their fight to grow much larger is on, short-term demand problems
3/ Varroc Engineering: An auto ancillary company that has propelled down under its own enterprising projects fueled by a ton of debt. Will the fortunes ever illuminate for this significant participant of the global automobile
4/ Jubilant Ingrevia: A specialty chemical company that has redefined backward integration as it begins from the basic chemicals to achieving complex vitamins & many more. Their fight to outgrow commoditized parts of the business goes
RT if this adds value to your investing journey.
1/ Chemcon: A specialty chemical company that is a globally dominant player in its molecules, most of which go into the Pharmaceutical industry & have a high criticality attached to
Chemcon Speciality Chemicals: Business Analysis \U0001f9ec
— JST Investments (@JstInvestments) March 15, 2022
A Thread on this Import substitution play \U0001f9f5\U0001f447(RT if beneficial) pic.twitter.com/YU7aoQ8ibC
2/ Aegis Logistics: An oil & gas logistics company, with a stronghold on the LPG supply chain & riding the tailwinds of increased exports owning to weak domestic production. Their fight to grow much larger is on, short-term demand problems
Aegis Logistics business analysis \u26fd\ufe0f (RT if beneficial)
— JST Investments (@JstInvestments) March 4, 2022
A PSU to Private play.
A Thread \U0001f9f5\U0001f447
3/ Varroc Engineering: An auto ancillary company that has propelled down under its own enterprising projects fueled by a ton of debt. Will the fortunes ever illuminate for this significant participant of the global automobile
Varroc Engineering: Business Analysis \U0001fa94
— JST Investments (@JstInvestments) December 22, 2021
2nd largest Indian auto ancillary company.
Hit the 'retweet' for max reach
A Thread \U0001f9f5\U0001f447 pic.twitter.com/Es86oTDoek
4/ Jubilant Ingrevia: A specialty chemical company that has redefined backward integration as it begins from the basic chemicals to achieving complex vitamins & many more. Their fight to outgrow commoditized parts of the business goes
Jubilant Ingrevia Business Analysis \U0001f331
— JST Investments (@JstInvestments) March 10, 2022
Ingrevia = \u201cIngre\u201d denoting Ingredients & \u201cvie\u201d in French meaning Life, ie. Ingredients for Life
A Thread \U0001f9f5\U0001f447 (RT if beneficial) pic.twitter.com/QmKpr9HFI7
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๐ฟ๐ป๐๐ ๐๐๐๐๐ ๐๐ ๐ ๐บ๐๐๐ : ๐ซ๐๐๐๐๐ & ๐ฝ๐๐๐๐๐
Once upon a time there was a Raja named Uttฤnapฤda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
Once upon a time there was a Raja named Uttฤnapฤda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Prabhu says i reside in the heart of my bhakt.
— Right Singh (@rightwingchora) December 21, 2020
Guess the event. pic.twitter.com/yFUmbfe5KL
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
