- Markets
- Financial Services
- HDFCAMC
HDFCAMC
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
HDFC Asset Management Company Dec-Quarter Consol Net Profit 6.41 Bln Rupees
Jan 14 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
DEC-QUARTER CONSOL NET PROFIT 6.41 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.35 BILLION RUPEES
Source text: ID:nBSE8CYrNq
Further company coverage: HDFA.NS
(([email protected];;))
Jan 14 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
DEC-QUARTER CONSOL NET PROFIT 6.41 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.35 BILLION RUPEES
Source text: ID:nBSE8CYrNq
Further company coverage: HDFA.NS
(([email protected];;))
FUNDVIEW-Current yields bolster case for longer-term India bond investments, HDFC AMC says
By Dharamraj Dhutia
MUMBAI, Dec 2 (Reuters) - Indian government bond yields are "attractive," and macroeconomic indicators such as slowing growth and demand-supply dynamics are bolstering the case for longer-duration fixed income investments, an executive at India's third-largest asset manager said.
"...Given the macroeconomic factors are favourably placed, the current level of yields present an opportunity to increase duration on risk-reward adjusted basis," said Shobhit Mehrotra, head of fixed income at HDFC Asset Management.
The fund house manages assets worth around 7.6 trillion rupees ($89.8 billion) as of end-September.
India's benchmark 10-year bond yield IN10YT=RR has eased seven basis points to 6.73% since data on Friday showed economic growth slowed much more than expected in the third quarter.
Optimism over Indian bonds also emanates from comfortable external sector conditions, and likely abating of food inflation pressure post arrival of kharif (summer-sown) crops, Mehrotra said.
"Our focus remains more medium-term, and we believe that Indian yields are likely to trend lower over that horizon."
India's headline retail inflation jumped to 6.21% in October, which led to a pushback in rate easing expectations, but weaker growth has re-ignited chances of rate cuts soon.
The overnight index swap rates are pricing in 50 basis points of rate cuts by the Reserve Bank of India till April.
Mehrotra said he expects headline inflation to move closer to the RBI's medium-term target of 4% by the next financial year, helped by a favourable base effect, arrival of new kharif crops, moderating domestic growth, fading pent-up demand and benign core inflation momentum.
The RBI's monetary policy committee is set to announce its decision on Friday, with rising calls for easing in rates or liquidity, or even both.
For the time being, Mehrotra expects the central bank to adopt a wait-and-watch approach and "perhaps consider rate cuts sometime starting in February or April."
($1 = 84.6700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Dec 2 (Reuters) - Indian government bond yields are "attractive," and macroeconomic indicators such as slowing growth and demand-supply dynamics are bolstering the case for longer-duration fixed income investments, an executive at India's third-largest asset manager said.
"...Given the macroeconomic factors are favourably placed, the current level of yields present an opportunity to increase duration on risk-reward adjusted basis," said Shobhit Mehrotra, head of fixed income at HDFC Asset Management.
The fund house manages assets worth around 7.6 trillion rupees ($89.8 billion) as of end-September.
India's benchmark 10-year bond yield IN10YT=RR has eased seven basis points to 6.73% since data on Friday showed economic growth slowed much more than expected in the third quarter.
Optimism over Indian bonds also emanates from comfortable external sector conditions, and likely abating of food inflation pressure post arrival of kharif (summer-sown) crops, Mehrotra said.
"Our focus remains more medium-term, and we believe that Indian yields are likely to trend lower over that horizon."
India's headline retail inflation jumped to 6.21% in October, which led to a pushback in rate easing expectations, but weaker growth has re-ignited chances of rate cuts soon.
The overnight index swap rates are pricing in 50 basis points of rate cuts by the Reserve Bank of India till April.
Mehrotra said he expects headline inflation to move closer to the RBI's medium-term target of 4% by the next financial year, helped by a favourable base effect, arrival of new kharif crops, moderating domestic growth, fading pent-up demand and benign core inflation momentum.
The RBI's monetary policy committee is set to announce its decision on Friday, with rising calls for easing in rates or liquidity, or even both.
For the time being, Mehrotra expects the central bank to adopt a wait-and-watch approach and "perhaps consider rate cuts sometime starting in February or April."
($1 = 84.6700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
(([email protected];))
HDFC Asset Management Co June-Qtr Consol Net Profit 6.04 Bln Rupees
July 15 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
HDFC ASSET MANAGEMENT COMPANY JUNE-QUARTER CONSOL NET PROFIT 6.04 BILLION RUPEES
HDFC ASSET MANAGEMENT COMPANY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.75 BILLION RUPEES
Source text for Eikon: ID:nBSEbdTkM4
Further company coverage: HDFA.NS
(([email protected];;))
July 15 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
HDFC ASSET MANAGEMENT COMPANY JUNE-QUARTER CONSOL NET PROFIT 6.04 BILLION RUPEES
HDFC ASSET MANAGEMENT COMPANY JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.75 BILLION RUPEES
Source text for Eikon: ID:nBSEbdTkM4
Further company coverage: HDFA.NS
(([email protected];;))
HDFC Asset Management Company Re-Appoints Navneet Munot As Managing Director & CEO
June 7 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
RE-APPOINTMENT OF NAVNEET MUNOT AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
APPROVED DECLARATION OF INTERIM DIVIDEND OF 70 RUPEES PER SHR
Further company coverage: HDFA.NS
(([email protected];))
June 7 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
RE-APPOINTMENT OF NAVNEET MUNOT AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
APPROVED DECLARATION OF INTERIM DIVIDEND OF 70 RUPEES PER SHR
Further company coverage: HDFA.NS
(([email protected];))
India's Adani Ports to replace Wipro in Sensex after BSE rejig
Adds analyst estimates on likely inflows into Adani Ports in paragraph 5
By Bharath Rajeswaran
BENGALURU, May 24 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS will replace Wipro WIPR.NS in the 30-stock blue-chip S&P BSE Sensex .BSESN, the operator of the index said on Friday.
The BSE, in its semi-annual rebalancing exercise, included the country's largest private port operator, making it the first Adani Group company to join the Sensex, effective June 24.
The Sensex ended the session muted ahead of the announcement. .BO
Two Adani Group companies - Adani Enterprises ADEL.NS and Adani Ports are already part of the other benchmark index NSE Nifty 50 .NSEI.
Adani Ports could see inflows of $252 million after inclusion into the Sensex, while Wipro will likely witness outflows worth $161 million, said Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Adani Ports' inclusion into the Sensex came on the same day when shares of Adani Enterprises recovered in intraday trade to levels last seen in January 2023, before a report by Hindenburg Research triggered a sell-off in Gautam Adani's ports-to-power conglomerate.
Since that report, Adani Ports and Adani Power ADAN.NS have been the best-performing group stocks, rising 86.04% and 157.4%, respectively. They were also the first two Adani companies to bounce back from the drop.
Earlier in May, Adani Ports posted a 76% rise in its fourth-quarter profit, helped by record cargo volumes.
Its stock has jumped 6% this week, its best weekly performance since early February.
Besides the Sensex rejig, REC RECM.NS, HDFC Asset Management HDFA.NS, Canara Bank CNBK.NS, Cummins India CUMM.NS and Punjab National Bank PNBK.NS have been included in the BSE 100 index .BSE100.
The stocks replaced in that index are Page Industries PAGE.NS, SBI Cards and Payment Services SBIC.NS, ICICI Prudential Life Insurance ICIR.NS, Jubilant FoodWorks JUBI.NS and Zee Entertainment Enterprises ZEE.NS.
Performance of Adani group companies since Hindenburg report https://reut.rs/3yAT3iX
BSE Indexes rejig: Inclusions and Exclusions https://reut.rs/3QY4sQ4
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sohini Goswami and Varun H K)
(([email protected]; +91 9769003463;))
Adds analyst estimates on likely inflows into Adani Ports in paragraph 5
By Bharath Rajeswaran
BENGALURU, May 24 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS will replace Wipro WIPR.NS in the 30-stock blue-chip S&P BSE Sensex .BSESN, the operator of the index said on Friday.
The BSE, in its semi-annual rebalancing exercise, included the country's largest private port operator, making it the first Adani Group company to join the Sensex, effective June 24.
The Sensex ended the session muted ahead of the announcement. .BO
Two Adani Group companies - Adani Enterprises ADEL.NS and Adani Ports are already part of the other benchmark index NSE Nifty 50 .NSEI.
Adani Ports could see inflows of $252 million after inclusion into the Sensex, while Wipro will likely witness outflows worth $161 million, said Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Adani Ports' inclusion into the Sensex came on the same day when shares of Adani Enterprises recovered in intraday trade to levels last seen in January 2023, before a report by Hindenburg Research triggered a sell-off in Gautam Adani's ports-to-power conglomerate.
Since that report, Adani Ports and Adani Power ADAN.NS have been the best-performing group stocks, rising 86.04% and 157.4%, respectively. They were also the first two Adani companies to bounce back from the drop.
Earlier in May, Adani Ports posted a 76% rise in its fourth-quarter profit, helped by record cargo volumes.
Its stock has jumped 6% this week, its best weekly performance since early February.
Besides the Sensex rejig, REC RECM.NS, HDFC Asset Management HDFA.NS, Canara Bank CNBK.NS, Cummins India CUMM.NS and Punjab National Bank PNBK.NS have been included in the BSE 100 index .BSE100.
The stocks replaced in that index are Page Industries PAGE.NS, SBI Cards and Payment Services SBIC.NS, ICICI Prudential Life Insurance ICIR.NS, Jubilant FoodWorks JUBI.NS and Zee Entertainment Enterprises ZEE.NS.
Performance of Adani group companies since Hindenburg report https://reut.rs/3yAT3iX
BSE Indexes rejig: Inclusions and Exclusions https://reut.rs/3QY4sQ4
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sohini Goswami and Varun H K)
(([email protected]; +91 9769003463;))
India's HDFC Bank gets cenbank nod to buy 9.5% stake each in six banks
Recasts first paragraph, adds details throughout
BENGALURU, Feb 6 (Reuters) - India's biggest private lender by market capitalisation, HDFC Bank HDBK.NS, said on Tuesday it has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in six private lenders.
The approval lets HDFC Bank buy stakes in ICICI Bank ICBK.NS, IndusInd Bank INBK.NS, Yes Bank YESB.NS, Axis Bank AXBK.NS, Bandhan Bank BANH.NS and Suryoday Small Finance Bank SURO.BO.
The approval is on behalf of the HDFC Bank group, including its asset management company, life insurance company and others, the company said.
The RBI has also mandated that the group acquire major shareholding within one year in all the banks from the date of the approval, without which it would stand cancelled.
As of Dec. 31, HDFC Asset Management Company held stakes between 2.34%-4.3% in ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank and Bandhan Bank. The group has no stake in Suryoday Small Finance.
IndusInd, HDFC Bank and ICICI Bank, all of which reported quarterly results in January, beat profit expectations on the back of strong loan growth.
Axis Bank reported a 3.7% rise in third-quarter profit whereas Yes Bank's net profit more than quadrupled in the October-December period but missed estimates.
Suryoday Small Finance Bank and Bandhan Bank are yet to report results.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
Recasts first paragraph, adds details throughout
BENGALURU, Feb 6 (Reuters) - India's biggest private lender by market capitalisation, HDFC Bank HDBK.NS, said on Tuesday it has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in six private lenders.
The approval lets HDFC Bank buy stakes in ICICI Bank ICBK.NS, IndusInd Bank INBK.NS, Yes Bank YESB.NS, Axis Bank AXBK.NS, Bandhan Bank BANH.NS and Suryoday Small Finance Bank SURO.BO.
The approval is on behalf of the HDFC Bank group, including its asset management company, life insurance company and others, the company said.
The RBI has also mandated that the group acquire major shareholding within one year in all the banks from the date of the approval, without which it would stand cancelled.
As of Dec. 31, HDFC Asset Management Company held stakes between 2.34%-4.3% in ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank and Bandhan Bank. The group has no stake in Suryoday Small Finance.
IndusInd, HDFC Bank and ICICI Bank, all of which reported quarterly results in January, beat profit expectations on the back of strong loan growth.
Axis Bank reported a 3.7% rise in third-quarter profit whereas Yes Bank's net profit more than quadrupled in the October-December period but missed estimates.
Suryoday Small Finance Bank and Bandhan Bank are yet to report results.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
India's HDFC Asset Management Dec-Qtr PAT Rises
Jan 11 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
DEC-QUARTER PAT 4.9 BILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 6.71 BILLION RUPEES
QTRLY YEAR AGO PAT 3.69 BILLION RUPEES, REVENUE 5.6 BILLION RUPEES
Source text for Eikon: ID:nBSE8GF69T
Further company coverage: HDFA.NS
(([email protected];))
Jan 11 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
DEC-QUARTER PAT 4.9 BILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 6.71 BILLION RUPEES
QTRLY YEAR AGO PAT 3.69 BILLION RUPEES, REVENUE 5.6 BILLION RUPEES
Source text for Eikon: ID:nBSE8GF69T
Further company coverage: HDFA.NS
(([email protected];))
Life Insurance Corporation Of India Cuts Stake In HDFC Asset Management Co From 9.046% To 6.953%
Dec 8 (Reuters) - Life Insurance Corporation of India LIFI.NS:
CUTS STAKE IN HDFC ASSET MANAGEMENT CO FROM 9.046% TO 6.953%
Source text for Eikon: ID:nBSE5Wjw5j
Further company coverage: LIFI.NS
(([email protected];))
Dec 8 (Reuters) - Life Insurance Corporation of India LIFI.NS:
CUTS STAKE IN HDFC ASSET MANAGEMENT CO FROM 9.046% TO 6.953%
Source text for Eikon: ID:nBSE5Wjw5j
Further company coverage: LIFI.NS
(([email protected];))
Institute Of Risk Management, India Affiliate Entered Into A Partnership With HDFC Asset Management Company- Statement
Dec 4 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INSTITUTE OF RISK MANAGEMENT, INDIA AFFILIATE ENTERED INTO A PARTNERSHIP WITH HDFC ASSET MANAGEMENT COMPANY- STATEMENT
Source text for Eikon: [ID:]
Further company coverage: HDFA.NS
(([email protected];))
Dec 4 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INSTITUTE OF RISK MANAGEMENT, INDIA AFFILIATE ENTERED INTO A PARTNERSHIP WITH HDFC ASSET MANAGEMENT COMPANY- STATEMENT
Source text for Eikon: [ID:]
Further company coverage: HDFA.NS
(([email protected];))
HDFC Asset Management Co Invested 250 Mln Rupees In HDFC Amc International (IFSC)
Sept 25 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INVESTED 250 MILLION RUPEES IN HDFC AMC INTERNATIONAL (IFSC)
CONTINUES TO HOLD 100% OF TOTAL PAID UP SHARE CAPITAL OF HDFC AMC INTERNATIONAL (IFSC)
Source text for Eikon: ID:nBSEbG3q8z
Further company coverage: HDFA.NS
(([email protected];))
Sept 25 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INVESTED 250 MILLION RUPEES IN HDFC AMC INTERNATIONAL (IFSC)
CONTINUES TO HOLD 100% OF TOTAL PAID UP SHARE CAPITAL OF HDFC AMC INTERNATIONAL (IFSC)
Source text for Eikon: ID:nBSEbG3q8z
Further company coverage: HDFA.NS
(([email protected];))
India's markets regulator to ease proposals on mutual fund fee structures - sources
By Jayshree P Upadhyay
Aug 2 (Reuters) - India’s markets regulator will put forth two options to water down its earlier proposal to levy a standard investor fee on mutual funds, to limit the impact on the profitability of the 44.3 trillion-rupee ($537.75 billion) asset management industry, two sources with direct knowledge of the matter said.
The changes, following a push-back from the industry, will be part of a discussion paper likely to be issued in the coming weeks, the sources said. A discussion paper is the first step in crafting regulations.
Both sources declined to be identified as they are not authorised to speak to the media.
A spokesperson for the Securities and Exchange Board of India (SEBI) did not respond to an email sent on Monday.
The regulator is exploring an option to let mutual funds charge higher fees with all expenses, including brokerage and taxes paid by fund houses, the sources said.
SEBI's original proposal allowed fund houses to charge a maximum fee of 2.55% of the assets under management (AUM) with all expenses, including brokerage costs.
A final decision will be taken after receiving feedback on the discussion paper, but the industry expects it to be set at a level which has a "marginal impact" on profitability, said one of the sources.
In a presentation to the regulator in June, the industry argued that the original proposals would squeeze the profitability of almost all asset management companies (AMCs) by 20-80%, said the second source.
The other option is to exclude brokerage and taxes but the investor fees will be lower, the sources said.
Arbitrage funds that buy and sell securities frequently and hence have a higher tax burden, will be allowed to choose the second option, the sources added.
Both options were discussed with an internal committee finalising rules on July 21, according to the first source.
SEBI's discussion paper on mutual fund fees, first released on May 18, drew the ire of the industry, prompting the regulator to defer a decision to it June 29 board meeting.
At a news conference following the board meeting, SEBI's chairperson, Madhabi Puri Buch, said the regulator would issue a fresh discussion paper which will make the industry "quite happy."
($1 = 82.3800 Indian rupees)
(Reporting by Jayshree P Upadhyay; Editing by Dhanya Ann Thoppil)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
By Jayshree P Upadhyay
Aug 2 (Reuters) - India’s markets regulator will put forth two options to water down its earlier proposal to levy a standard investor fee on mutual funds, to limit the impact on the profitability of the 44.3 trillion-rupee ($537.75 billion) asset management industry, two sources with direct knowledge of the matter said.
The changes, following a push-back from the industry, will be part of a discussion paper likely to be issued in the coming weeks, the sources said. A discussion paper is the first step in crafting regulations.
Both sources declined to be identified as they are not authorised to speak to the media.
A spokesperson for the Securities and Exchange Board of India (SEBI) did not respond to an email sent on Monday.
The regulator is exploring an option to let mutual funds charge higher fees with all expenses, including brokerage and taxes paid by fund houses, the sources said.
SEBI's original proposal allowed fund houses to charge a maximum fee of 2.55% of the assets under management (AUM) with all expenses, including brokerage costs.
A final decision will be taken after receiving feedback on the discussion paper, but the industry expects it to be set at a level which has a "marginal impact" on profitability, said one of the sources.
In a presentation to the regulator in June, the industry argued that the original proposals would squeeze the profitability of almost all asset management companies (AMCs) by 20-80%, said the second source.
The other option is to exclude brokerage and taxes but the investor fees will be lower, the sources said.
Arbitrage funds that buy and sell securities frequently and hence have a higher tax burden, will be allowed to choose the second option, the sources added.
Both options were discussed with an internal committee finalising rules on July 21, according to the first source.
SEBI's discussion paper on mutual fund fees, first released on May 18, drew the ire of the industry, prompting the regulator to defer a decision to it June 29 board meeting.
At a news conference following the board meeting, SEBI's chairperson, Madhabi Puri Buch, said the regulator would issue a fresh discussion paper which will make the industry "quite happy."
($1 = 82.3800 Indian rupees)
(Reporting by Jayshree P Upadhyay; Editing by Dhanya Ann Thoppil)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
India's asset managers slip on Jio Financial-BlackRock JV news
By Bharath Rajeswaran
BENGALURU, July 27 (Reuters) - Shares of asset management companies declined on Thursday, a day after Jio Financial Services JIOF.NS, part of the Mukesh Ambani-led Reliance Group said it will form a joint venture with U.S.-based BlackRock Inc BLK.N to launch services in India.
HDFC Asset Management HDFA.NS, UTI Asset Management UTIA.NS and Aditya Birla Sun Life AMC ADIE.NS fell between 0.75% and 2%.
"The fear, probably, in the market is that if they (Jio Financial) go the telecom way and do their asset management foray at very low costs, it could create a little bit of heat among the other existing players," said Amit Kumar Gupta, founder at Fintrekk Capital.
Reliance had upended India's telecoms industry when it launched cheap data plans and free calls, triggering a price war in the sector.
"Whether Jio Financial Services and BlackRock will go all passive or all active (funds) or a mix of both remains to be seen."
Jio Financial and Blackrock are targeting an initial investment of $150 million each in the joint venture, Jio Financial said on Wednesday. The announcement follows the recent demerger of Jio Financial Services from Reliance Industries RELI.NS.
The JV with Jio Financial Services will be BlackRock's second attempt to enter the asset management industry in India, after exiting a JV with local financial firm DSP Group in 2018.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
BENGALURU, July 27 (Reuters) - Shares of asset management companies declined on Thursday, a day after Jio Financial Services JIOF.NS, part of the Mukesh Ambani-led Reliance Group said it will form a joint venture with U.S.-based BlackRock Inc BLK.N to launch services in India.
HDFC Asset Management HDFA.NS, UTI Asset Management UTIA.NS and Aditya Birla Sun Life AMC ADIE.NS fell between 0.75% and 2%.
"The fear, probably, in the market is that if they (Jio Financial) go the telecom way and do their asset management foray at very low costs, it could create a little bit of heat among the other existing players," said Amit Kumar Gupta, founder at Fintrekk Capital.
Reliance had upended India's telecoms industry when it launched cheap data plans and free calls, triggering a price war in the sector.
"Whether Jio Financial Services and BlackRock will go all passive or all active (funds) or a mix of both remains to be seen."
Jio Financial and Blackrock are targeting an initial investment of $150 million each in the joint venture, Jio Financial said on Wednesday. The announcement follows the recent demerger of Jio Financial Services from Reliance Industries RELI.NS.
The JV with Jio Financial Services will be BlackRock's second attempt to enter the asset management industry in India, after exiting a JV with local financial firm DSP Group in 2018.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; +91 9769003463;))
India's HDFC Asset Management June-Quarter PAT beats estimates
July 24 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INDIA'S HDFC ASSET MANAGEMENT JUNE-QUARTER PAT 4.78 BILLION RUPEES; REFINITIV IBES EST. 3.79 BILLION RUPEES
HDFC ASSET MANAGEMENT JUNE-QUARTER REVENUE FROM OPERATIONS 5.75 BILLION RUPEES
HDFC ASSET MANAGEMENT QTRLY YEAR AGO PAT 3.14 BILLION RUPEES, REVENUE 5.22 BILLION RUPEES
Source text for Eikon: ID:nBSE7mWML8
Further company coverage: HDFA.NS
(([email protected];))
July 24 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INDIA'S HDFC ASSET MANAGEMENT JUNE-QUARTER PAT 4.78 BILLION RUPEES; REFINITIV IBES EST. 3.79 BILLION RUPEES
HDFC ASSET MANAGEMENT JUNE-QUARTER REVENUE FROM OPERATIONS 5.75 BILLION RUPEES
HDFC ASSET MANAGEMENT QTRLY YEAR AGO PAT 3.14 BILLION RUPEES, REVENUE 5.22 BILLION RUPEES
Source text for Eikon: ID:nBSE7mWML8
Further company coverage: HDFA.NS
(([email protected];))
PE firm Carlyle to sell stake in India's Delhivery for at least $86 mln
Adds share movement, attempt at company comment in paragraph 3,4
BENGALURU, June 22 (Reuters) - Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery DELH.NS via its special purpose vehicle for at least $86 million, according to a term sheet seen by Reuters on Thursday.
Carlyle plans to sell Delhivery's shares via CA Swift Investments at a floor price of 385.50 rupees apiece, compared with the stock's last close at 388.60 rupees.
Delhivery shares rose as much as 7.1% on Thursday but pared nearly all the gains to trade little changed at 386.70 rupees.
Carlyle, an early backer of Delhivery, and Delhivery did not respond to Reuters' requests for comment.
Citigroup is the bookrunner for the transaction.
This week has seen multiple exits by early investors in Indian companies.
U.S. private equity firm TPG offloaded its entire stake in non-banking financial company Shriram Finance SHMF.NS for $171 million, while British asset manager abrdn plc ABDN.L sold its full stake in HDFC Asset Management Co for $432 million.
(Reporting by Sethuraman NR in Bengaluru; Editing by Sohini Goswami and Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Adds share movement, attempt at company comment in paragraph 3,4
BENGALURU, June 22 (Reuters) - Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery DELH.NS via its special purpose vehicle for at least $86 million, according to a term sheet seen by Reuters on Thursday.
Carlyle plans to sell Delhivery's shares via CA Swift Investments at a floor price of 385.50 rupees apiece, compared with the stock's last close at 388.60 rupees.
Delhivery shares rose as much as 7.1% on Thursday but pared nearly all the gains to trade little changed at 386.70 rupees.
Carlyle, an early backer of Delhivery, and Delhivery did not respond to Reuters' requests for comment.
Citigroup is the bookrunner for the transaction.
This week has seen multiple exits by early investors in Indian companies.
U.S. private equity firm TPG offloaded its entire stake in non-banking financial company Shriram Finance SHMF.NS for $171 million, while British asset manager abrdn plc ABDN.L sold its full stake in HDFC Asset Management Co for $432 million.
(Reporting by Sethuraman NR in Bengaluru; Editing by Sohini Goswami and Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
SBI Mutual Fund Increases Stake In HDFC Asset Management Company To 6.8626% From 2.8983% - Exchange Filing
June 21 (Reuters) -
SBI MUTUAL FUND INCREASES STAKE IN HDFC ASSET MANAGEMENT COMPANY TO 6.8626% FROM 2.8983% - EXCHANGE FILING
Source text for Eikon: ID:nBSE1cKBV5
Further company coverage: HDFA.NS
(([email protected];;))
June 21 (Reuters) -
SBI MUTUAL FUND INCREASES STAKE IN HDFC ASSET MANAGEMENT COMPANY TO 6.8626% FROM 2.8983% - EXCHANGE FILING
Source text for Eikon: ID:nBSE1cKBV5
Further company coverage: HDFA.NS
(([email protected];;))
UK's abrdn sells 10.2% stake in India's HDFC Asset Management Co
June 20 (Reuters) - British asset manager abrdn plc ABDN.L said on Tuesday its unit aIML has sold about 21.8 million shares or a 10.2% stake in India's HDFC Asset Management Company Ltd HDFA.NS for about 35.47 billion rupees ($431.9 million).
aIML has no more stake in HDFC AMC, abrdn said.
($1 = 82.1300 Indian rupees)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Ann Thoppil)
(([email protected]; +917483275231;))
June 20 (Reuters) - British asset manager abrdn plc ABDN.L said on Tuesday its unit aIML has sold about 21.8 million shares or a 10.2% stake in India's HDFC Asset Management Company Ltd HDFA.NS for about 35.47 billion rupees ($431.9 million).
aIML has no more stake in HDFC AMC, abrdn said.
($1 = 82.1300 Indian rupees)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Dhanya Ann Thoppil)
(([email protected]; +917483275231;))
UK's abrdn to sell shares in India's HDFC Asset Management Co - report
BENGALURU, June 19 (Reuters) - British asset manager abrdn plc ABDN.L is to sell shares in HDFC Asset Management Company Ltd HDFA.NS worth up to 41.26 billion rupees ($503.5 million), Indian business news channel CNBC-TV18 said in a Twitter post, citing sources.
The sale of shares will likely be done at a price range of 1,800 rupees to 1,892.45 rupees per share through block deals, the report added.
The lower end of the price range represents a discount of 4.9% from HDFC AMC's closing price on Monday.
HDFC Asset Management Company and abrdn did not immediately respond to requests for comments from Reuters.
($1 = 81.9435 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Jan Harvey)
(([email protected];))
BENGALURU, June 19 (Reuters) - British asset manager abrdn plc ABDN.L is to sell shares in HDFC Asset Management Company Ltd HDFA.NS worth up to 41.26 billion rupees ($503.5 million), Indian business news channel CNBC-TV18 said in a Twitter post, citing sources.
The sale of shares will likely be done at a price range of 1,800 rupees to 1,892.45 rupees per share through block deals, the report added.
The lower end of the price range represents a discount of 4.9% from HDFC AMC's closing price on Monday.
HDFC Asset Management Company and abrdn did not immediately respond to requests for comments from Reuters.
($1 = 81.9435 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Jan Harvey)
(([email protected];))
HDFC Asset Management Company Invested 60 Million Rupees In Unit And Continues To Hold 100% In HDFC Amc International
June 14 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
CO INVESTED 60 MILLION RUPEES IN UNIT AND CONTINUES TO HOLD 100% IN HDFC AMC INTERNATIONAL
Source text for Eikon: ID:nBSE8K1snX
Further company coverage: HDFA.NS
(([email protected];;))
June 14 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
CO INVESTED 60 MILLION RUPEES IN UNIT AND CONTINUES TO HOLD 100% IN HDFC AMC INTERNATIONAL
Source text for Eikon: ID:nBSE8K1snX
Further company coverage: HDFA.NS
(([email protected];;))
HDFC Asset Management Company Says SEBI Granted Final Approval For Change In Control Of Co On Account Of Merger Of HDFC With And Into HDFC Bank
May 24 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
SEBI GRANTED FINAL APPROVAL FOR CHANGE IN CONTROL OF CO ON ACCOUNT OF MERGER OF HDFC WITH AND INTO HDFC BANK
Source text for Eikon: ID:nBSE6f7Lh4
Further company coverage: HDFA.NS
(([email protected];;))
May 24 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
SEBI GRANTED FINAL APPROVAL FOR CHANGE IN CONTROL OF CO ON ACCOUNT OF MERGER OF HDFC WITH AND INTO HDFC BANK
Source text for Eikon: ID:nBSE6f7Lh4
Further company coverage: HDFA.NS
(([email protected];;))
HDFC Says India Market Regulator Granted Final Approval For Proposed Change In Control Of HDFC AMC
May 10 (Reuters) - Housing Development Finance Corporation Ltd HDFC.NS:
INDIA MARKET REGULATOR GRANTED FINAL APPROVAL FOR PROPOSED CHANGE IN CONTROL OF HDFC AMC
Source text for Eikon: ID:nBSE9XPRTT
Further company coverage: HDFC.NS
(([email protected];))
May 10 (Reuters) - Housing Development Finance Corporation Ltd HDFC.NS:
INDIA MARKET REGULATOR GRANTED FINAL APPROVAL FOR PROPOSED CHANGE IN CONTROL OF HDFC AMC
Source text for Eikon: ID:nBSE9XPRTT
Further company coverage: HDFC.NS
(([email protected];))
India's HDFC Asset Management March-Quarter PAT Rises
April 25 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INDIA'S HDFC ASSET MANAGEMENT MARCH-QUARTER PAT 3.76 BILLION RUPEES VERSUS 3.44 BILLION RUPEES
HDFC ASSET MANAGEMENT MARCH-QUARTER REVENUE FROM OPERATIONS 5.41 BILLION RUPEES VERSUS 5.16 BILLION RUPEES
RECOMMENDED DIVIDEND OF 48 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nBSEbhb9MV
Further company coverage: HDFA.NS
(([email protected];))
April 25 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
INDIA'S HDFC ASSET MANAGEMENT MARCH-QUARTER PAT 3.76 BILLION RUPEES VERSUS 3.44 BILLION RUPEES
HDFC ASSET MANAGEMENT MARCH-QUARTER REVENUE FROM OPERATIONS 5.41 BILLION RUPEES VERSUS 5.16 BILLION RUPEES
RECOMMENDED DIVIDEND OF 48 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nBSEbhb9MV
Further company coverage: HDFA.NS
(([email protected];))
HDFC Asset Management Gets SEBI Final Nod To Change Control Of Co
April 21 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
SEBI GRANTED FINAL APPROVAL FOR CHANGE IN CONTROL OF CO DUE TO CHANGE IN CO-SPONSOR OF HDFC MUTUAL FUND TO HDFC BANK
Source text for Eikon: ID:nBSE9hB4z0
Further company coverage: HDFA.NS
(([email protected];))
April 21 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
SEBI GRANTED FINAL APPROVAL FOR CHANGE IN CONTROL OF CO DUE TO CHANGE IN CO-SPONSOR OF HDFC MUTUAL FUND TO HDFC BANK
Source text for Eikon: ID:nBSE9hB4z0
Further company coverage: HDFA.NS
(([email protected];))
HDFC Asset Management Company Says Promoter Abrdn Investment Management Withdrew Nomination Of Rushad Abadan To Continue As Non-Executive Director
April 18 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
PROMOTER ABRDN INVESTMENT MANAGEMENT WITHDREW NOMINATION OF RUSHAD ABADAN TO CONTINUE AS NON-EXECUTIVE DIRECTOR
Source text for Eikon: ID:nNSE1bfszn
Further company coverage: HDFA.NS
(([email protected];))
April 18 (Reuters) - HDFC Asset Management Company Ltd HDFA.NS:
PROMOTER ABRDN INVESTMENT MANAGEMENT WITHDREW NOMINATION OF RUSHAD ABADAN TO CONTINUE AS NON-EXECUTIVE DIRECTOR
Source text for Eikon: ID:nNSE1bfszn
Further company coverage: HDFA.NS
(([email protected];))
Events:
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
More Large Cap Ideas
See similar 'Large' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does HDFC Asset Mngt. Co do?
HDFC Asset Management Company Limited is India's leading investment manager for HDFC Mutual Fund, offering a wide range of savings and investment products across asset classes, catering to various customer segments including HNIs and corporates.
Who are the competitors of HDFC Asset Mngt. Co?
HDFC Asset Mngt. Co major competitors are UTI Asset Management, Aditya Birla Capital, Nippon Life India As, 360 One Wam, Aditya Birla Sun AMC, Anand Rathi Wealth, Prudent Corporate. Market Cap of HDFC Asset Mngt. Co is ₹90,139 Crs. While the median market cap of its peers are ₹18,078 Crs.
Is HDFC Asset Mngt. Co financially stable compared to its competitors?
HDFC Asset Mngt. Co seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does HDFC Asset Mngt. Co pay decent dividends?
The company seems to pay a good stable dividend. HDFC Asset Mngt. Co latest dividend payout ratio is 76.92% and 3yr average dividend payout ratio is 71.06%
How has HDFC Asset Mngt. Co allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is HDFC Asset Mngt. Co balance sheet?
Balance sheet of HDFC Asset Mngt. Co is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of HDFC Asset Mngt. Co improving?
Yes, profit is increasing. The profit of HDFC Asset Mngt. Co is ₹2,460 Crs for TTM, ₹1,943 Crs for Mar 2024 and ₹1,423 Crs for Mar 2023.
Is the debt of HDFC Asset Mngt. Co increasing or decreasing?
Yes, The debt of HDFC Asset Mngt. Co is increasing. Latest debt of HDFC Asset Mngt. Co is -₹41.8 Crs as of Mar-25. This is greater than Mar-24 when it was -₹80.04 Crs.
Is HDFC Asset Mngt. Co stock expensive?
HDFC Asset Mngt. Co is not expensive. Latest PE of HDFC Asset Mngt. Co is 36.64, while 3 year average PE is 38.56. Also latest EV/EBITDA of HDFC Asset Mngt. Co is 32.27 while 3yr average is 34.93.
Has the share price of HDFC Asset Mngt. Co grown faster than its competition?
HDFC Asset Mngt. Co has given better returns compared to its competitors. HDFC Asset Mngt. Co has grown at ~54.43% over the last 2yrs while peers have grown at a median rate of 51.82%
Is the promoter bullish about HDFC Asset Mngt. Co?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in HDFC Asset Mngt. Co is 52.47% and last quarter promoter holding is 52.48%
Are mutual funds buying/selling HDFC Asset Mngt. Co?
The mutual fund holding of HDFC Asset Mngt. Co is increasing. The current mutual fund holding in HDFC Asset Mngt. Co is 11.08% while previous quarter holding is 10.43%.