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Informist, Thursday, Jul. 17, 2025

--HDFC AMC: Got approval from SEBI to set up special invest fund 

--COTNEXT: HDFC AMC management's comments in post-earnings conference call 

By Shubham Rana and Sagar Sen

NEW DELHI – HDFC Asset Management Co. Ltd. has secured the approval from the Securities and Exchange Board of India to set up a specialised investment fund, said Navneet Munot, managing director and chief executive office of the company. A mix of new talent and current team will helm the specialised investment fund, Munot said Thursday.

SEBI in February introduced specialised investment funds, a new investment category that aims to bridge the gap between mutual fund schemes and portfolio management services in terms of flexibility. "The team is currently focused on designing a thoughtful set of offerings within that that aligns with our investment strength and risk management capabilities," Munot said in a conference call after the release of June quarter financial results. 

HDFC AMC Thursday reported a 24% on-year jump in its net profit for the June quarter to INR 7.48 billion. The rise in net profit was led by a sharp increase in the fund house's other income and net revenue from operations.

HDFC AMC expects expenses of around INR 2.05 billion-INR 2.10 billion till 2029-30 (Apr-Mar) on the employee stock options and performance share unit schemes, the company's Chief Financial Officer Naozad Sirwalla said during the analyst concall. "This, of course, is an estimate based on assumptions around attrition rates, volatility, and other relevant inputs," Sirwalla said.

The two schemes are likely to result in a non-cash charge of around INR 560 million in FY26, around INR 630 million in FY27, INR 510 million in FY28, INR 320 million in FY29, and around INR 60 million in FY30, Sirwalla said. Over the last five years, HDFC AMC has recognised around INR 1.80 billion as employee stock options-related expenses.  End

Edited by Akul Nishant Akhoury

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