HDFC Asset Management Company's promoter Standard Life Investment has sought up to Rs 3,000 crore from HDFC AMC share sale, reports say
NCLT allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail
Analysts recommend subscribing to the issue given the company's reasonable valuations, strong return on equity, diverse product portfolio and well recognised promoter group.
The fund house has launched four equity funds the past few months to plug gaps in its product basket; it had launched only five actively-managed equity schemes between 2001 and 2020
Despite being one of the top players in the industry, HDFC AMC has witnessed a drop in market share in the past year
HDFC Asset Management Company (AMC) on Friday reported over 14 per cent surge in profit after tax to Rs 345.45 crore for the three months ended June 30. The asset management firm had posted a profit after tax (PAT) of Rs 302.36 crore in the same quarter preceding fiscal, HDFC AMC said in a regulatory filing to the stock exchanges. The company's total income rose to Rs 607.99 crore in the June quarter, from Rs 491.31 crore in the year-ago period. The company's average assets under management increased 17 per cent to Rs 4,16,900 crore as of June-end 2021, compared to Rs 3,56,200 crore in June 2020, giving it a market share of 12.6 per cent. HDFC AMC, investment manager of HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.
Pidilite Industries announced the appointment of Sudhanshu Vats as the company's deputy managing director
HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter
The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021
FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31
An ideal portfolio in current market circumstances should have an optimum mix of equity, debt and gold
Although the overall trend has been strongly up, traders should still avoid aggressive bets
HDFC Asset Management Company (AMC) on Thursday reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.
HDFC AMC is looking at effective diversification in investment styles in the equity segment
The stock is up 117 per cent from its listing price of Rs 1100 per share to Wednesday's closing price of Rs 2,387.4. The all-time high was Rs 3,844
Share of high-margin equity is coming down in favour of less profitable liquid funds
In the current Covid-19 scenario, investors are more conservative with a rising preference for less risky liquid funds compared to equity
The regulator levied a fine of Rs 50 lakh each on Nilesh Kapadia and Dharmesh Shah, Rs 40 lakh on Ashok Nayak and Rs 60 lakh on IKAB Securities and Investments Ltd.
Among the listed players, HDFC AMC reported a 65% y-o-y jump in other income in the June quarter, at Rs 79 crore
In the June quarter, the PBT stood at Rs 380.4 crore. Post-taxes, the profit was up 4 per cent year-on-year basis, at Rs 302 crore