HDFC AMC is considered to be one of the most profitable mutual fund managers in India, leading in actively managed equity-oriented assets under management (AUM). Its total mutual fund AUM as on March 31, 2020 was around ₹3.2 lakh crore and it currently spans across a comprehensive set of investment products covering various asset classes and scheme categories in order to meet the investment objectives of its continuously growing customer base of more than 56 lakh individuals and institutions. Gaining a strong market share in debt and equity markets through its prudent strategies and active asset management, the company currently operates in 200+ cities in India.
HDFC AMC’s principal shareholders include Housing Development Finance Corporation Limited and Standard Life Investments Limited that own around 52.7 per cent and 26.9 per cent stake in the company, respectively, as of March 31, 2020, thus supporting the company with their own positive brand equity, goodwill and expertise. HDFC AMC has 23 equity-oriented schemes, 90 debt-oriented schemes, two liquid schemes and seven others.
Industry Overview
The mutual fund industry’s closing AUM fell by 6 per cent to ₹22.3 lakh crore as of end of FY20 as against a closing AUM of ₹23.8 lakh crore as of end of FY19. In FY20, the equity-oriented AUM decreased from ₹10.2 lakh crore to ₹8.3 lakh crore whereas the non-equity-oriented AUM increased from ₹13.6 lakh crore to ₹14 lakh crore. As the equity markets tumbled in the month of March 2020 due to the pandemic, equity-oriented AUM fell by around 19 per cent, leading to an overall fall in AUM.
This story is from the November 23, 2020 edition of Dalal Street Investment Journal.
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This story is from the November 23, 2020 edition of Dalal Street Investment Journal.
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