Company Overview and News

Citi initiates coverage on HDFC Asset Management

2018-09-12 thehindubusinessline
Citi has initiated coverage on HDFC Asset Management Co (HDFC AMC) with “neutral” rating and a price target of Rs 1,850, saying it's a leader in an underpenetrated market.

NTPC’s silence on stressed power plants must be appreciated

2018-09-10 livemint
Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain. NTPC Ltd seems to be practising this precept, albeit in a slightly different way.

I-Sec row: ICICI Prudential books ₹97-crore loss, repays investors

2018-08-28 thehindubusinessline
Suresh P Iyengar To comply with market regulator SEBI’s direction, ICICI Prudential Mutual Fund has booked a loss of ₹97 crore by selling 4.61 million shares of ICICI Securities (I-Sec) stocks below its IPO subscription price of ₹520 a share and repaid investors with 15 per cent interest last Friday.

Bombay High Court to decide on Leo Puri’s extension on Monday

2018-08-09 livemint
Mumbai: The Bombay High Court will, on Monday, give its verdict on the extension of the tenure of Leo Puri, managing director, UTI Asset Management Company. Global asset management company T. Rowe Price had filed a writ petition in court with the argument that any move to remove the managing director would have an adverse impact on the fund house, which was preparing for its maiden initial public offering.

SEBI writes to AMFI, mutual funds against 25 violations

2018-07-26 moneycontrol
The capital market regulator has written a letter to the chief executive officers of asset management companies against 25 violations by the mutual fund industry.

HDFC Mutual Fund seeks SEBI nod to launch low volatility ETF

2018-07-24 moneycontrol
HDFC Mutual Fund has sought Securities and Exchange Board of India's approval to launch HDFC Low Volatility ETF, according to the draft offer document filed on the regulator's website.

7 cos to tap capital market to raise Rs 14,000 cr

New Delhi : The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 14,000 crore.

‘Deploying equity inflows is not an issue’

2018-07-18 thehindubusinessline
18/07/2018 MUMBAI: Milind Barve, MD, HDFC Asset Management Company Ltd at a press conference to announce the company's Initial Public Offer in Mumbai on July 18, 2018. Photo: Paul Noronha - PAUL NORONHA

HDFC MF’s public float to open on July 25 @₹1,095-1,100 a share

2018-07-17 thehindubusinessline
HDFC Mutual Fund has fixed the priced band for its initial public offering at ₹1,095-1,100 an equity share with a minimum bid lot size of 13 equity shares and in multiples of 13 equity shares thereafter.

7 cos to tap capital market to raise Rs 14,000 cr

New Delhi : The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 14,000 crore.

Dalal Street ready for Rs 14,000-cr IPOs

2018-07-15 thehindubusinessline
The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming weeks to raise over Rs 14,000 crore. The first among the lot would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its Rs 1,125-crore initial share-sale this week.

HDFC Group’s market cap crosses ₹ 10 trillion, Tata Group at ₹ 11 trillion

2018-07-10 livemint
New Delhi: Deepak Parekh-led financial services conglomerate HDFC Group on Tuesday saw the market capitalisation of its listed firms cross the ₹ 10 trillion mark, making it only the second Indian business house after the Tata group to achieve this feat. HDFC Group has four listed companies—Housing Finance Development Corp. Ltd, HDFC Bank Ltd, life insurance firm HDFC Standard Life Ltd and Gruh Finance Ltd.

Are big mutual fund houses losing steam?

2018-07-09 thehindubusinessline
Suresh P Iyengar After receiving record investments over the past few years, mutual funds finally seem to be losing steam, with almost all top fund houses recording single digit growth or marginal fall in average assets under management (AUM) in the June quarter.

Fund-raising via IPOs almost doubles to Rs 23,670 crore in H1 2018

2018-07-08 moneycontrol
In a blockbuster performance, as many as 18 companies have raised a staggering Rs 23,670 crore through initial public offerings in the first half of this year, almost double from the year-ago period.

This week in Mutual Funds: Domestic MF#39;s AUM skewed to top 20 fund houses?

2018-07-07 moneycontrol
The average assets under management in Apr-Jun quarter of the 43-player mutual fund industry surged 20 percent from a year-ago to Rs 23.40 lakh crore, according to the data on the Association of Mutual Funds in India.

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