April 23, 2014 9:32 PM ET

Capital Markets

Company Overview of HDFC Asset Management Company Ltd.

Company Overview

HDFC Asset Management Company Ltd. is a privately owned investment manager. The firm manages equity, fixed income, and balanced mutual funds for its clients. It also manages hedge funds for its clients. The firm invests in public equity and fixed income markets. It employs fundamental analysis to make its investments. The firm was founded in 1999 and is based in Mumbai, Maharashtra. HDFC Asset Management Company Ltd. operates as a subsidiary of Housing Development Finance Corporation Limited.

HUL House, 2nd Floor

H.T. Parekh Marg

165-166, Backbay Reclamation

Churchgate

Mumbai,  400020

India

Founded in 1999

Phone:

1800 3010 6767

Fax:

91 22 2282 1144

Key Executives for HDFC Asset Management Company Ltd.

Managing Director and Managing Director
Age: 55
Chief Financial Officer
Age: 41
Head of Client Services
Age: 48
Chief Compliance Officer
Age: 52
Head of New Initiatives
Age: 41
Compensation as of Fiscal Year 2013.

HDFC Asset Management Company Ltd. Key Developments

HDFC Asset Management Mulls Acquisitions

HDFC Asset Management Company Ltd. is seeking acquisitions. Milind Barve, Managing Director of HDFC Asset Management Company said, "We are open to more acquisitions but it is not our core strategy for growth. However, we will continue to be open to opportunities as they come. We want to grow our AUM in a sustainable manner. In the next two years, we want to strengthen and expand our reach in smaller towns and cities."

HDFC MF Launches "HDFC FMP 371D November 2013 (2)"

HDFC Mutual Fund has launched a new close ended income scheme named "HDFC FMP 371D November 2013 (2)" with maturity period of 371days from the date of allotment. The New Fund Offer price for the scheme is INR 10 per unit. The NFO opened for subscription immediately and will also close immediately. The entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is INR 5,000 and in multiples of INR 10 thereafter. The two options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Shobhit Mehrotra and Rakesh Vyas will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek to generate income will be met by investing in a portfolio of debt instruments and money market instruments. Hence the scheme will allocate 60 to 100% of asset in debt and money market instruments and 0 to 40% in government securities.

HDFC MF Introduces FMP 554D November 2013

HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 554D November 2013 (1), a Close Ended income scheme. The NFO opens for subscription on Nov. 5, 2013, and closes on Nov. 11, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is INR 5,000. The scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Shobhit Mehrotra and Rakesh Vyas. The investment objective of the scheme is to generate income through investments in Debt /Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). There is no assurance that the investment objective of the Scheme will be realized.

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