HDFC Asset Management : Related Party Transaction

Ref/No/HDFCAMC/SE/2022-23/59

Date - November 9, 2022

To,

National Stock Exchange of India Limited (NSE)

Exchange Plaza, Plot C/1, Block G,

Bandra Kurla Complex, Bandra (East)

Mumbai - 400051

Kind Attn: Head - Listing Department

Dear Sir/Madam,

Sub: Disclosure under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Regulations")

As required by the Exchange, please find enclosed the disclosure of Related Party Transactions for the half year ended September 30, 2022 pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further, please note that the Company had already filed the above disclosure in XBRL form with NSE on November 2, 2022.

This is for your information and records.

Thanking you,

Yours faithfully,

For HDFC Asset Management Company Limited

Sylvia

Furtado

Digitally signed by Sylvia Furtado Date: 2022.11.09 17:50:41 +05'30'

Sylvia Furtado

Company Secretary

Encl: a/a

HDFC Asset Management Company Limited

A Joint Venture with abrdn Investment Management Limited

CIN: L65991MH1999PLC123027

Registered Office :"HDFC House", 2ndFloor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai-400 020 Tel.: 022 - 6631 6333 Fax: 022 - 6658 0203 Website: www.hdfcfund.comemail: [e-mail]

HDFC Asset Management Company Limited

Disclosure of Related party transactions for the half year ended 30.09.2022

	Details of the party (listed entity						Value of transaction
				Value of the		during the reporting
	/subsidiary) entering into the	Details of the counterparty
		related party		period
	transaction
			Type of related party	transaction as	Remarks on approval by
Sr No.
			transaction	approved by the	audit committee
			Relationship of the counterparty
				audit
	Name	Name	with the listed entity or its
		committee
			subsidiary
		Housing Development Finance
1	HDFC Asset Management Co.Ltd	Corporation Limited	Holding Company	Lease Rent paid	11.98	NA	5.99
		Housing Development Finance		Technology Support
2	HDFC Asset Management Co.Ltd	Corporation Limited	Holding Company	Cost	2.57	NA	1.06
	HDFC Asset Management Co.Ltd	Housing Development Finance	Holding Company	Administration &		Pro-rata sharing of
		Corporation Limited		Other Expenses		maintenance facilities at
						actuals with additional 15%
3					-	coordination charges	1.17
		HDFC Life Insurance Company
4	HDFC Asset Management Co.Ltd	Limited	Fellow Subsidiary	Insurance Premium	1.15	NA	0.50
		HDFC ERGO General Insurance		Administration &
5	HDFC Asset Management Co.Ltd	Company Limited	Fellow Subsidiary	Other Expenses	0.00	NA	0.00
		HDFC ERGO General Insurance
6	HDFC Asset Management Co.Ltd	Company Limited	Fellow Subsidiary	Insurance Premium	2.29	NA	1.15
7	HDFC Asset Management Co.Ltd	HDFC Bank Limited	Other Related Parties	Fees and Commission	175.00	NA	0.02
				Custodian & Bank
8	HDFC Asset Management Co.Ltd	HDFC Bank Limited	Other Related Parties	Charges	0.10	NA	0.06
9	HDFC Asset Management Co.Ltd	HDFC Bank Limited	Other Related Parties	Bank Balances	0.00	NA	0.00
10	HDFC Asset Management Co.Ltd	HDFC Securities Limited	Other Related Parties	Fees and Commission	0.06	NA	0.01
		Wealth India Financial Services
11	HDFC Asset Management Co.Ltd	Pvt Ltd	Other Related Parties	Fees and Commission	6.00	NA	0.00
12	HDFC Asset Management Co.Ltd	HDFC AMC International (IFSC)	Wholly Owned Subsidiary	Investment	-	As the transaction was
		Limited				between the Company and
						its Wholly Owned
						Subsidiary, the
						requirement of obtaining	3.00
						Audit Committee approval

was not applicable to the said transaction.

Rs. in crores

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

In case monies are due to	In case any financial indebtedness is
either party as a result of the	incurred to make or give loans, inter-	Details of the loans, inter-corporate deposits, advances or investments
transaction	corporate deposits, advances or investments
Opening		Nature of indebtedness			Nature (loan/ advance/			Purpose for which the funds will
Closing balance	(loan/ issuance of	Cost	Tenure	intercorporate deposit/ Interest Rate (%)	Tenure	Secured/ unsecured	be utilised by the ultimate
balance
	debt/ any other etc.)			investment )			recipient of funds (endusage)

1. 0.00

1. 0.53

1. 0.81

0.12 0.57

0.03 0.00

2.56 1.14

0.06 0.06

0.03 0.04

7.82 3.91

0.00 0.00

0.00 0.00

0.00

0.00

Investment

0.00%

0

-

13	HDFC Asset Management Co.Ltd	HDFC Asset Management	Other Related Parties	Post employment	10.00	NA
		Company Limited Employees'		benefit plan
		Group Gratuity Assurance
14	HDFC Asset Management Co.Ltd	Navneet Munot	Key Managerial Personnel	Remuneration	7.80	NA
15	HDFC Asset Management Co.Ltd	Navneet Munot	Key Managerial Personnel	Share based payment		As approved by the NRC
				(option valuation		and within the overall
				charge)		limits approved by
						shareholders
16	HDFC Asset Management Co.Ltd	Naozad Sirwalla	Key Managerial Personnel	Remuneration	1.77	NA
17	HDFC Asset Management Co.Ltd	Naozad Sirwalla	Key Managerial Personnel	Share based payment		As approved by the NRC
				(option valuation		and within the overall
				charge)		limits approved by
						shareholders
18	HDFC Asset Management Co.Ltd	Sylvia Furtado	Key Managerial Personnel	Remuneration	1.00	NA
19	HDFC Asset Management Co.Ltd	Deepak Parekh	Key Managerial Personnel	Remuneration	0.17	NA
20	HDFC Asset Management Co.Ltd	Dhruv Kaji	Key Managerial Personnel	Remuneration	0.17	NA
21	HDFC Asset Management Co.Ltd	Jairaj Purandare	Key Managerial Personnel	Remuneration	0.17	NA
22	HDFC Asset Management Co.Ltd	Keki Mistry	Key Managerial Personnel	Remuneration	0.15	NA
23	HDFC Asset Management Co.Ltd	Parag Shah	Key Managerial Personnel	Remuneration	0.11	NA
24	HDFC Asset Management Co.Ltd	Renu S Karnad	Key Managerial Personnel	Remuneration	0.10	NA
25	HDFC Asset Management Co.Ltd	Roshni Nadar Malhotra	Key Managerial Personnel	Remuneration	0.06	NA
26	HDFC Asset Management Co.Ltd	Sanjay Bhandarkar	Key Managerial Personnel	Remuneration	0.19	NA
27	HDFC Asset Management Co.Ltd	Housing Development Finance	Holding Company	Trademark usage of		As approved by the Audit
		Corporation Limited		Holding company		Committee and Board of
					-	Directors
				Operating &
				Secretarial Services
28	HDFC Asset Management Co.Ltd	HDFC Trustee Company Limited	Fellow Subsidiary	etc	-	NA

	0.00	0.00
3.37
6.05	7.81	5.72
	0.00	0.00
12.29
0.86	0.00	0.00
	0.00	0.00
1.21
0.51	0.00	0.00
0.10	0.00	0.00
0.10	0.00	0.00
0.10	0.00	0.00
0.08	0.00	0.00
0.06	0.00	0.00
0.08	0.00	0.00
0.02	0.00	0.00
0.10	0.00	0.00
0.00	0.00	0.00
0.00	0.00	0.00

29 HDFC Asset Management Co.Ltd	HDFC AMC International (IFSC)	Wholly Owned Subsidiary	Receivable for	-	As the transaction was
	Limited		expenses incurred		between the Company and
					its Wholly Owned
					Subsidiary, the
					requirement of obtaining
					Audit Committee approval
					was not applicable to the
					said transaction.
30 HDFC Asset Management Co.Ltd	V Suresh Babu	Director of Wholly Owned	Remuneration	1.90	Payment of salary by the
		Subsidiary			Company to its employee,
					who is also Director on the
					Board of Wholly Owned
					Subsidiary
31 HDFC AMC International (IFSC)	HDFC Bank Limited	Other Related Parties	Bank Balances	-	NA
Limited

0.00 0.32

0.00

0.00 0.00

0.91

0.00 2.94

0.00