Investor Presentation

Ref/No/HDFCAMC/SE/2026-27/49 Date – October 15, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot C/1, Block G, Sir PJ Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai – 400051 Mumbai – 400001 Kind Attn: Head – Listing Department Kind Attn: Sr. General Manager – DCS Listing Department Dear Sir/Madam, Sub: Outcome of Board Meeting Further to our letter number Ref/No/HDFCAMC/SE/2026-27/48 dated October 15, 2026, please find enclosed herewith a copy of investor presentation along with press release on financial results for the quarter and half year ended September 30, 2026. Kindly take the same on records. Thanking you, Yours faithfully, For HDFC Asset Management Company Limited Sonali Chandak Company Secretary Encl: a/a Registered Office : “HDFC House”, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020. Tel.: 022 - 6631 6333 Website: www.hdfcfund.com Q2 FY27 Earnings Presentation (For the Quarter ended September 30, 2026) HDFC AMC at a Glance Mutual Funds Alternatives International Business Our Platform Active | Passive AIF | PMS WOS in GIFT City Mutual Funds Alternatives CLOSING AUM¹ QUARTERLY AVERAGE AUM² ₹9,210 bn ₹6,280 bn ₹9,691 bn ₹6,507 bn ₹6,908 bn Total closing AUM Equity-oriented closing AUM Total QAAUM Equity-oriented QAAUM Actively managed equity-oriented Debt Liquid AIF PMS ₹6,085 bn 12.7% ₹1,618 bn 13.0% ₹860 bn 9.9% ₹40 bn ₹6,869 bn QAAUM Market share QAAUM Market share QAAUM Market share Commitment amount Closing AUM3 Customer base Network Financials Quarter ended Sep 30, 2026 17.7 mm 32.3 mm 280 1,735 113k+ ~98% ₹12,398 mm ₹7,499 mm 36 bps Unique investors Live accounts Offices⁵ Employees⁴ Distribution Pin codes serviced Total income PAT Operating margin partners across India Notes -(1) Data is as of September 30, 2026(2) Data for the quarter ended September 30, 2026;(3) PMS, SMA & advisory mandates; (4) Permanent employees (5) Includes one representative office in Dubai Source: Internal Industry Industry – AUM and Net Sales Quarterly Average AUM (QAAUM) Closing AUM 56% 57% 58% 58% 59% 59% 87.2 82.2 82.6 83.1 75.6 77.1 15.9 14.8 15.0 15.3 12.5 ₹t) 11 62 4.. .97 17 2. .9 18 2. .7 15 3. .6 16 2. .5 17 1. .1 A 43.5 47.0 50.2 43.7 48.6 48.8 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Equity as a % of Total Sep-25 to Sep-26 YoY: Equity as a % of Total Sep-25 to Sep-26 YoY : Overall: 13%; Equity: 15% Overall: 9%; Equity: 12% Quarterly Net Sales Yearly Net Sales Equity Debt Liquid Others Equity Debt Liquid Others Equity Debt Liquid Others 1,490 1,2721,161 5,137 4,961 ) n 457 463 555 427 2,189 148 1,405 1,057 1,618 la 101 S -219 N -757 -607 -2,785 e SeT nT pdM ’i 2n 5g e SeT nT pdM ’i 2n 6g e SeT nT pdM ’i 2n 5g e ST enT pdM ’i 2n 6g e SeT nT pdM ’i 2n 5g e SeT nT pdM ’i 2n 6g e ST enT pdM ’i 2n 5g e ST enT pdM ’i 2n 6g 6 2 2Y QF - 7 2 1Y QF - 7 2 2Y QF - 6 2 2Y QF - 7 2 1Y QF - 7 2 2Y QF - 6 2 2Y QF - 7 2 1Y QF - 7 2 2Y QF - 6 2 2Y QF - 7 2 1Y QF - 7 2 2Y QF - Source: AMFI. AUM excluding FOF –domestic; equity includes equity-oriented hybrid funds; ‘Others’ includes ETF, Arbitrage and FOF–investing overseas. Money market is classified as Debt Equity includes Equity Oriented Index Funds and debt includes Debt Oriented Index Funds Industry - MAAUM by Investor Category & Location Overall MAAUM by Overall MAAUM by Folios Investor Category Location 61% 61% 61% 19% 19% 19% 286.2 278.6 87.1 87.1 84.2 84.2 251.9 77.8 77.8 16.4 15.6 33.9 14.5 33.1 30.6 68.6 70.7 63.3 47.2 51.1 53.2 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Individual Investors Institutional Investors T-30 B-30 Folios (mm) Share of Individuals Share of B30 MAAUM Source: AMFI, Based on Monthly Average AUM Industry - MAAUM by Investor Category & Location Individual MAAUM by Asset Equity MAAUM by Investor Equity MAAUM by Class Category Location 84% 83% 84% 90% 89% 89% 28% 28% 28% 53.2 50.3 50.3 51.1 47.7 47.7 47.2 43.9 5.3 8.3 43.9 8.5 5.1 7.7 4.4 13.9 13.1 ) ) ) 12.2 n n n r r r t t t U U U A A A A A A M M M 44.9 44.9 39.5 42.6 39.5 42.6 36.3 34.6 31.7 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Equity Non Equity Individual Investors Institutional Investors Total T-30 B-30 Share of Equity (%) Share of Individuals Share of B30 MAAUM Source: AMFI, Based on Monthly Average AUM Note: Equity MAAUM excludes Arbitrage Schemes Industry - SIP Flows & AUM SIP Flows SIP AUM 92.5 97.8 100.6 318 325 17.7 17.9 294 15.5 ( n₹ ) n t ir A Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 No. of contributing SIP Accounts (mm) Source: AMFI HDFC AMC Total AUM & Market Share Quarterly Average AUM Closing AUM 11.4% 11.2% 11.1% 11.5% 11.3% 11.1% YoY 10% (₹bn) (₹bn) YoY 6% QoQ4% QoQ(1)% 9,691 9,319 9,210 9,351 8,728 8,814 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Market Share Market Share Source: Internal, AMFI Total AUM & Market Share (Ex ETFs) Quarterly Average AUM Closing AUM 12.6% 12.4% 12.3% 12.8% 12.6% 12.3% (₹bn) (₹bn) YoY 8% YoY 4% QoQ(1)% QoQ4% 8,918 9,254 8,901 8,775 8,584 8,461 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Market Share Market Share Source: Internal, AMFI Actively Managed Equity-oriented AUM and Market Share Quarterly Average AUM Closing AUM 12.9% 12.8% 12.7% 12.9% 12.8% 12.7% (₹bn) (₹bn) YoY 14% YoY 9% QoQ6% QoQ(1)% 6,085 5,740 5,929 5,880 5,343 5,396 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Market Share Market Share Source: Internal, AMFI Debt AUM & Market Share Quarterly Average AUM Closing AUM 13.2% 12.9% 13.0% 13.3% 13.1% 13.0% (₹bn) (₹bn) YoY (13)% YoY (17)% QoQ(2)% QoQ(5)% 1,857 1,658 1,618 1,841 1,612 1,531 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Market Share Market Share Source: Internal, AMFI Liquid AUM & Market Share Quarterly Average AUM Closing AUM 11.4% 10.7% 9.9% 11.8% 11.2% 10.4% (₹bn) (₹bn) YoY 10% YoY 13% QoQ1% QoQ1% 851 860 730 740 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Market Share Market Share Source: Internal, AMFI AUM by Segment – HDFC MF & Industry Quarterly Average AUM Sep-25 Jun-26 Sep-26 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 64.9% 56.3% 65.7% 56.6% 67.1% 57.5% Debt-oriented 21.1% 18.3% 17.7% 15.5% 16.7% 14.3% Liquid 8.9% 8.9% 9.1% 9.5% 8.9% 10.0% Others 5.2% 16.5% 7.4% 18.4% 7.3% 18.2% Closing AUM Sep-25 Jun-26 Sep-26 HDFC MF Industry HDFC MF Industry HDFC MF Industry Equity-oriented 66.1% 57.8% 68.1% 59.2% 68.2% 59.1% Debt-oriented 21.1% 18.3% 17.3% 14.9% 16.6% 14.2% Liquid 7.5% 7.4% 7.8% 7.9% 8.0% 8.6% Others 5.3% 16.6% 6.8% 18.0% 7.2% 18.1% Source: Internal, AMFI Individual Investors – Accounts & MAAUM Individual MAAUM (% of Total) Number of Live Individual Accounts (mm) YoY9% YoY 24% 6,200 6,520 6,731 32.20 31.01 69.8% 69.2% 69.9% 25.94 61.1% Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Industry Sep-26 Individual MAAUM (Rs bn) Individual customers prefer equity-oriented schemes and stay invested for longer periods Source: Internal, AMFI Unique Investors – HDFC AMC vs MF Industry Unique Investors 25% 28% 28% 63.3 61.9 57.0 (mm) 17.1 17.7 14.5 Sep-25 Jun-26 Sep-26 HDFC Mutual Fund Mutual Fund Industry HDFC MF penetration in Mutual Fund Industry Source: CAMS. Note: Unique Investors as identified by PANs/PEKRNs of all unit holders & Guardians Systematic Transactions Systematic Transactions(1)(₹ bn) 18.9 SIP AUM(2): ₹ 2,344 bn 48.8 48.1 48.0 45.1 36.5 29.3 17.1 12.3 10.4 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Mar-26 Jun-26 Sep-26 #mm systematic transactions Source: Internal 17 (1) Systematic transactions includes Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP); (2) as on September 30, 2026 Multi-channel Distribution Network Total AUM Equity-oriented AUM Sep-2026 Sep-2026 HDFC Bank 5.0% HDFC Bank 6.2% Other Banks4.3% Other Banks5.2% Direct Direct 32.0% 44.7% MFDs 23.5% MFDs 29.8% National National Distributors Distributors 22.4% 26.8% Jun-2026 Sep-2025 Jun-2026 Sep-2025 HDFC Bank 6.4% HDFC Bank 5.1% HDFC Bank 5.4% HDFC Bank 7.0% Other Banks Other Banks Other Banks 4.7% Direct, 5.3 [Showing first 8,000 characters — download PDF for full document]