Q4 2024 HDFC Asset Management Company Ltd Earnings Call Transcript

Apr 19, 2024 / 12:30PM GMT
Operator

Ladies and gentlemen, good day, and welcome to Q4 FY24 Earnings Conference Call of HDFC Asset Management Company Limited. (Operator Instructions) Please note that this conference is being recorded.

From the management team, we have with us Mr. Navneet Munot, Mr. Naozad Sirwalla and Mr. Simal Kanuga. I now hand the conference over to Mr. Simal Kanuga, who will give us a brief, following which we will proceed with the Q&A session.

Thank you, and over to you, sir.

Simal Kanuga – HDFC Asset Management Company Ltd – Head – PMS Sales, New Initiatives and Product Development, Co-Head – International Business and Chief Investor Relations Officer(AMC)

Thanks, Mirauv, and good evening, everyone. We’ll start with some industry-level data points for the year that has gone by. The industry closed the year with AUM of INR53.4 trillion, Y-o-Y growth of 35%. Net flows for the year came in at INR3.5 trillion. The largest contributor to the net flows were actively managed equity-oriented fund. They attracted INR2.4 trillion in FY24, a

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