September 19, 2014 6:00 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. It also invests in private equity with a focus on real estate. 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: 56
Chief Financial Officer
Age: 42
Head of Client Services
Age: 49
Chief Compliance Officer
Age: 53
Head of New Initiatives
Age: 42
Compensation as of Fiscal Year 2014.

HDFC Asset Management Company Ltd. Key Developments

HDFC MF Introduces FMP 371D MAY 2014

HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 371D MAY 2014, a close ended income scheme. The NFO opens for subscription on May 22, 2014 and closes on May 27, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is INR 5,000. 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).

HDFC MF Launches New Fund Offer of HDFC FMP 367D MAY 2014

HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 367D MAY 2014 (2), a close ended income scheme. The NFO opens for subscription on May 09, 2014, and closes on May 12, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is INR 5,000 and in multiples of INR 10 thereafter. The scheme's performance for Plans having maturity upto 91 Days will be benchmarked against: Crisil Liquid Fund Index, for Plans having maturity more than 91 Days and upto 36 months: Crisil Short Term Bond Fund Index and for Plans having maturity more than 36 months: Crisil Composite Bond Fund Index and its fund manager is Shobhit Mehrotra.

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."

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 23, 2013
Morgan Stanley Investment Management Private Limited, Eight Mutual Fund Schemes
 

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