Introduction To HDFC Mutual Fund
HDFC Asset Management Company Ltd., commonly known as HDFC Mutual Fund, is the largest mutual fund and actively managed equity fund in India. As of March 31, 2024, it manages assets worth ₹6.1 lakh crores, representing 11.45% of the industry's total AUM. Established in 1999 as a joint venture between HDFC Limited and abrdn Investment Management Limited, HDFC Mutual Fund became a publicly listed entity in August 2018. The fund house has demonstrated impressive growth over the past five years, with a compounded annual growth rate (CAGR) of 25.86% in AUM and 32.27% in active equity AUM.
HDFC AMC operates through a vast distribution network of over 210 branches across more than 200 cities, servicing over 75,000 empanelled distribution partners. It offers approximately 92 primary schemes, including 53 equity-oriented funds, 24 debt funds, 11 hybrid schemes, and 3 others (ETFs, Gold, FoFs). The top schemes in terms of AUM include the HDFC Balanced Advantage Fund, HDFC Mid-Cap Opportunities Fund, and HDFC Flexi Cap Fund. The company's investment team consists of 29 highly skilled professionals, committed to delivering consistent performance.
With an active investor base of approximately 10.8 million accounts, HDFC Mutual Fund is a trusted choice for retail investors, who contribute significantly to its AUM. The fund house emphasizes a customer-centric approach, providing a comprehensive suite of investment products aimed at wealth creation. HDFC AMC has also expanded its services to include portfolio management and non-binding investment advisory services since 2016.
HDFC Mutual Fund has seen robust financial performance, with a 52% year-over-year increase in profit for Q1 FY 2024 and a revenue growth of 10.1%. The company’s focus on equity investments has positioned it strongly in the market, further supported by its extensive distribution network and commitment to exceptional investment solutions. Overall, HDFC Mutual Fund's reputation for stability and consistent returns has solidified its status as one of India's premier asset management firms.
Key Information
| Mutual Fund Name | HDFC Mutual Fund |
|---|---|
| Asset Management Company Name | HDFC Asset Management Company Ltd. |
| Incorporation Date | December 10, 1999 |
| Headquarters | Mumbai,Maharashtra, India |
| CEO | Mr. Navneet Munot |
| Investors Relations Officer | Mr.Sameer Sakseria |
| Total AUM (as of September 30, 2024) | Rs. 7,68,601.15 Crores |
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