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HDFC Mutual Fund wins equity mandate of $450 million from unnamed FPI

The management declined to comment on the name of the FPI or the terms and conditions of the mandate

MFs' equity portfolio hit hard during February corrections
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BS Reporter Mumbai
HDFC Mutual Fund on Monday disclosed that it has won an equity mandate of $450 million from a reputed foreign portfolio investor (FPI), of which one-third got funded recently. However, the management declined to comment on the name of the FPI or the terms and conditions of the mandate, while sharing its half-yearly financials.    

HDFC AMC reported a 19 per cent growth in profit after tax to Rs 4 billion for the half-year ended September. The total assets under management (AUM) as of September 30, 2018, stood at Rs 2.9 trillion, compared to Rs 2.7 trillion as of September

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First Published: Oct 29 2018 | 9:25 PM IST

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