Quick Answer: Why Is HDFC AMC Falling?

Who is the promoter of HDFC AMC?

HDFC AMC is jointly owned by HDFC Ltd (52.76%) and Standard Life (26.89%), with a 79.6% promoters’ stake..

How does AMC earn money?

Key Takeaways. Mutual funds make money by charging investors a percentage of assets under management and may also charge a sales commission (load) upon fund purchase or redemption.

What is HDFC Fullform?

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994.


HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. Standard Life had sold 47.5 lakh equity shares, representing 2.23 per cent stake, of HDFC AMC through offer-for-sale in December last year.

Who are the promoters of HDFC?

It was founded in 1977, as the first specialised mortgage company in India. HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI). Hasmukhbhai Parekh played a key role in the foundation of this company. In 2000, HDFC Asset Management Company launched its mutual fund schemes.

Why is AMC in HDFC?

HDFC AMC has a diversified asset class mix across Equity and Fixed Income/Others. … HDFC group has emerged as a recognized financial conglomerate in India, with presence in housing finance, banking, life and non life insurance, asset management, real estate funds and education finance.

What is the future of HDFC AMC stock?

DateCloseHigh10 Thu Dec 20202839.152848.0009 Wed Dec 20202811.952863.4508 Tue Dec 20202829.402845.0007 Mon Dec 20202711.002722.301 more row

How does HDFC AMC work?

HDFC AMC is a Mumbai based Asset Management Company which is engaged in providing investment and saving products. It is a joint venture between HDFC and Standard Life Investments Limited. As of December 2017, it offers the following schemes: Equity-oriented schemes- 28.

Is AMC and mutual fund same?

An AMC works under the supervision of the board of trustees. But, they are answerable to India’s capital market regulator, the Securities and Exchange Board of India (SEBI). … While SEBI is a government body, mutual fund companies have formed the AMFI.

What is the role of AMC?

An asset management company (AMC) invests pooled funds from clients into a variety of securities and assets. A fund house decides when, where and how to invest this money. Its decisions will be in line with their stated investment goals.

What was the issue price of HDFC AMC?

HDFC AMC Limited IPO Details:Current GMP:545-550Issue Size:2800 Cr.Lot Size:13 SharesIssue Price:₹ 1095-1100 Per Equity ShareListing At:NSE,BSE5 more rows

Who is the CEO of HDFC Mutual Fund?

Navneet MunotSeasoned fund manager Navneet Munot is set to join HDFC Mutual Fund — the country’s second largest asset manager handling Rs 3.75 lakh crore of investor money — as its managing director and chief executive officer.

Which is best AMC in India?

ICICI Prudential Mutual Fund With the AUM size of approximately ₹ 3 lakh crore, ICICI Prudential Asset Management Company Ltd. is the largest asset management company (AMC) in the country. It is a joint venture between ICICI Bank in India and Prudential Plc, in UK.