HDFC Asset Management Company Ltd., also known as HDFC Mutual Fund, belongs to the household brand of HDFC.
In 2001, HDFC Mutual Fund formed a joint venture with Abrdn Investment Management Limited (formerly known as Standard Life Investments Limited). In June 2023, Abrdn Investment Management Ltd sold its entire 10.2% stake in HDFC Mutual Fund.
Notably, HDFC Mutual Fund has made significant expansions through acquisitions (Zurich and Morgan Stanley Mutual Funds) and the got listed in 2018 through an IPO (Initial Public Offering).
Former SBI Mutual Fund CIO (Chief Investment Officer), Navneet Munot leads HDFC Mutual Fund as MD & CEO as of August 2023.
HDFC is home to some of the largest mutual fund schemes like HDFC Balanced Advantage Fund (₹60,000+ crore) HDFC Midcap Opportunities Fund (AUM: ₹45,000+ crore), HDFC Flexicap Fund (AUM: 35,000+ crore)
As of February 2024
Schemes
91
AUM
₹7,00,201 Cr
AUM growth
-₹37,971 Cr
Fund managers
22
₹1,37,365 Cr
AUM
38
Schemes
₹1,30,009 Cr
AUM
25
Schemes
₹8,254 Cr
AUM
16
Schemes
₹1,46,987 Cr
AUM
21
Schemes
₹1,182 Cr
AUM
1
Schemes
Bhagyesh Kagalkar
₹16,414 Cr
AUM
4
Schemes
Mutual fund name | HDFC Mutual Fund |
Asset management company name | HDFC Asset Management Company Ltd. |
AMC Incorporation Date | December 10, 1999 |
Sponsor name | HDFC Ltd., Abrdn Investment Management Limited (AIML) erstwhile (Standard Life Investments) |
Trustee organisation | HDFC Trustee Company Limited |
Name of trustees | Mr. Vimal Bhandari (Chairman), Mr. V.Srinivasa Rangan (Director), Mr. Mehernosh Kapadia (Independent Director), Mr. Dindayal Jalan (Independent Director) |
CIO | Mr. Prashant Jain |
MD and CEO | Mr. Navneet Munot |
Compliance Officer | Ms. Supriya Sapre |
Investor Service Officer | Mr. Sameer Sakseria |
Updated as of | February 2024 |
Mutual fund name | HDFC Mutual Fund |
Asset management company name | HDFC Asset Management Company Ltd. |
AMC Incorporation Date | December 10, 1999 |
Sponsor name | HDFC Ltd., Abrdn Investment Management Limited (AIML) erstwhile (Standard Life Investments) |
Trustee organisation | HDFC Trustee Company Limited |
Name of trustees | Mr. Vimal Bhandari (Chairman), Mr. V.Srinivasa Rangan (Director), Mr. Mehernosh Kapadia (Independent Director), Mr. Dindayal Jalan (Independent Director) |
CIO | Mr. Prashant Jain |
MD and CEO | Mr. Navneet Munot |
Compliance Officer | Ms. Supriya Sapre |
Investor Service Officer | Mr. Sameer Sakseria |
Updated as of | February 2024 |
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