HDFC Mutual fund
| Trust | |
| ISIN | 🆔 |
| Industry | Mutual Fund |
| Founded 📆 | June 2000 |
| Founder 👔 | |
| Headquarters 🏙️ | Mumbai, India |
Area served 🗺️ | India |
Key people | Milind Barve, (Managing Director) |
| Products 📟 | Mutual Fund Schemes |
| 💎 AUM | Rs 2,89,168 crores (Average AUM Oct-Dec 2017)[1] |
| Members | |
Number of employees | |
| 🌐 Website | hdfcfund |
| 📇 Address | |
| 📞 telephone | |
HDFC Mutual fund is mutual fund company, which has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. The company has been registered with SEBI. Its corporate headquarter is in Mumbai, India.
History[edit]
HDFC Asset Management Company Ltd is incorporated under the Companies Act, 1956, on December 10, 1999, and is approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI.[2]
HDFC Asset Management Company Limited was founded in December 1999 as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“Standard Life Investments”).[3][4] As on 31st March, 2017, the share of HDFC and Standard Life Investment in the paid-up equity capital of the HDFC Asset Management Company Limited was 59.99% and 39.99% respectively. In 2003, HDFC Asset Management Company Limited acquired Zurich Asset Management Company (India) Private Limited.[5][6] Further, in December 2013, it acquired the schemes of Morgan Stanley Mutual Fund.[7]
Products[edit]
HDFC Mutual fund offers various schemes like Equity funds, Debt funds, Liquid funds, Exchange Traded funds etc to retail and institutional investors.[8][9]
References[edit]
- ↑ "Institutional inflows help HDFC Mutual Fund regain top spot". The Economic Times. 14 March 2018.
- ↑ Adajania, Kayezad E. (24 December 2014). "Your money is safe even if mutual fund is bought by another". Livemint.com.
- ↑ Kalesh, Baiju; Mahesh, Prashant (26 December 2017). "HDFC MF looks to raise Rs 4,000 crore via IPO". The Economic Times.
- ↑ "HDFC Mutual Fund Altered exposure in almost all stocks". The Hindu Business Line.
- ↑ bllks. "The Hindu Business Line : HDFC Mutual acquires Zurich asset company". The Hindu Business Line.
- ↑ "Mutual Fund tip: What to do when your fund gets taken over by another". Business Today.
- ↑ Kant, Chandan Kishore (24 December 2013). "HDFC MF buys Morgan Stanley's India schemes". Business Standard.
- ↑ "HDFC MF launches Housing Opportunities Fund. All you need to know". Times Now.
- ↑ "Best mutual fund house: HDFC a consistent performer". Business Today.
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