HDFC AMC: Regulatory changes another headache apart from slowing business

HDFC AMC is looking at effective diversification in investment styles in the equity segment

The Securities and Exchange Board of India (Sebi) has clarified that it will engage in consultations with asset management companies (AMCs) before implementing the new asset allocation norms pertaining to multi-cap funds.

Among the two listed players — HDFC AMC and Nippon AMC — the former could be at greater risk if these norms are implemented in their current form.

HDFC Equity Fund, launched in January 1995, is among the oldest multi-cap funds and a marquee product for HDFC AMC. With Rs 19,150 crore in assets under management (AUM) and an 86 per cent allocation to large-caps, HDFC AMC may have a