HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent
Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively
The operating profit for the quarter was Rs 413 crore, 11 per cent higher than the last year's figure of Rs 374 crore, the AMC said in a press release
Price band set between Rs 1,800 and Rs 1,892 for Tuesday's block deals
Fund to stop taking lumpsum investments, limit new SIPs to Rs 10,000
HDFC Asset Management Company Ltd on Tuesday announced the launch of the country's first mutual fund focussed on defence sector, a move that will provide investors an opportunity to participate in growth potential of this space. The new fund offering (NFO) of HDFC Defence Fund, an open-ended equity scheme, would open on May 19 and close on June 2, HDFC AMC said in a statement. The fund will invest at least 80 per cent of its net assets in defence and allied sector companies. Defence and allied sector stocks include stocks forming part of aerospace and defence; explosives, shipbuilding and allied services. "In a multipolar world, defence expenditure globally is set to increase as countries enhance their defence capabilities. Self-reliance in defence led by strong R&D (Research and Development) focus and enhancement of manufacturing capabilities creates opportunity for Indian companies to serve domestic market as well as tap large export potential. This could offer a multi-decadal ..
HDFC MF, Motilal Oswal and Samco among fund houses offering new plans
In the past three years, the fund took exposure across market capitalisations, with predominant allocation to large-cap stocks (averaging 79.88 per cent)
After the stake sale, abrdn will cease to be a co-sponsor of HDFC Mutual Fund; it had divested 5.58% in HDFC AMC for over Rs 2,300 cr in August
Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times
At 09:55 am, around 11.96 million equity shares representing 5.61 per cent of total equity of HDFC AMC changed hands on the BSE, the exchange data shows.
However, what investors got in his funds was fidelity to a fund management style that worked over the long term
Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July
HDFC Mutual Fund increased stake in Voltamp Transformers to 5.25 per cent from 4.45 per cent held at the end of March quarter 2022
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
In the past few years, HDFC MF witnessed continued erosion in its market share as its key equity funds underperformed
T Rowe Price Emerging Markets Stock Fund picked up about 1.52 million shares for Rs 436 crore
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago
The sale took place through an open market transaction
The Rs 3,800 crore-IPO of the REIT will open on Wednesday