HDFC Asset Management Company Ltd Q4 FY22 Earnings Concall Insights
#HDFCAMC #HDFCAMCQ4 #HDFCAssetManagementCompany #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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#HDFCAMC #HDFCAMCQ4 #HDFCAssetManagementCompany #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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Q&A Insights: Prayesh Jain of @MotilalOswalLtd asked about business going ahead with the merger between HDFC Limited and HDFC bank. Navneet Munot MD said this will facilitate more efficient cross-selling of banking and financial services products that includes insurance and MF.
Q&A Insights: Prayesh Jain of @MotilalOswalLtd asked how the company’s expenses are panning out. Navneet Munot MD replied that opex has been around 13 bp which has been the trend. However, despite business promotion, marketing, NFO etc. HDFCAMC has maintained the expenses.
Q&A Insights: Dipanjan Ghosh from @kotaksecurities asked about the share of equity flows that came through direct channel. Navneet Munot MD said HDFCAMC don’t give granular details on the flows, but the share between direct and distribution or such metrics won’t have changed much
Q&A Insights: Devesh Agarwal of @iiflsecurities asked historically what’s the experience in terms of lag in getting new flows. Navneet Munot MD said it takes a couple of quarters to start noticing it. HDFCAMC added that incrementally in the new outflows, the share should improve.
Q&A Insights: Devesh Agarwal of @iiflsecurities asked about reason for losing market share in liquid. Navneet Munot MD answered that given the overall environment in the money market, money moves to safe haven. The other aspect would be funding need would have led to redemptions.
Q&A Insights: Aditya Jain from @Citi asked about the movement in other opex of INR57 crore to INR50 crore decline QoQ. Naozad Sirwalla CFO said it’s largely because of NFO and business promotion being lower in the last quarter.
Q&A Insights: Aditya Jain from @Citi asked about GIFT City subsidiary and what is intended from it. Navneet MD replied that it would be HDFCAMC’s vehicle to attract more global money into India through GIFT City. Also to mobilize Indian saving through LRS into the global product.
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