HDFC MF

Heads of mutual fund companies discuss the path to reaching Rs 100 trillion in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

The scheme's new fund offer was introduced in May 2023 and was closed earlier than schedule because of interest received from investors

HDFC Mutual Fund on Monday sold a 2 per cent stake in VST Industries for Rs 122 crore through open market transactions. According to the bulk deal data available with the BSE, HDFC Mutual Fund sold a total of 3,30,811 shares, amounting to a 2.14 per cent stake in VST Industries. The shares were disposed of within the price range of Rs 3,690-3,690.38 apiece, taking the deal value to Rs 122.07 crore. After the latest transaction, HDFC Mutual Fund's shareholding has declined to 3.7 per cent from 5.84 per cent (as of December 2023). Meanwhile, Radhakishan Shivkishan Damani, promoter of Avenue Supermarts, bought 2.33 lakh shares or 1.5 per cent stake in VST Industries for Rs 86.24 crore. The shares were acquired at an average price of Rs 3,689.96 apiece, taking the deal value to Rs 86.25 crore. After the stakebuy, Radhakishan Damani becomes the largest shareholder of VST Industries. As of December 2023, entities owned by Damani, including Bright Star Investments Pvt Ltd and Derive Tr

Seek to exceed RBI's 5% ownership threshold

Our size may be large but we are one of the smallest in terms of weighted average market cap, said Chirag Setalvad

Price band set at Rs 197-207 a share; retail portion sold 8.7x

Nearly 40% NFOs filed since July are for these passive debt funds

In the past few years, HDFC MF witnessed continued erosion in its market share as its key equity funds underperformed

In a Q&A. the outgoing MD of one of India's largest and most profitable fund houses shares his key learnings and challenges over the past two decades

10 NFOs are closing this month; list features over a dozen passive schemes, including index funds and ETFs that have gained popularity among investors

Munot is currently CIO and executive director at SBI MF, a position he has held the past 12 years

HDFC Mutual Fund on Monday said its board of directors had approved the appointment of Navneet Munot as its next managing director and chief executive officer

Barve has been among the longest serving managing directors in the Rs 24-trillion mutual fund

Fund houses say a committed liquidity line from RBI can ease pressure

Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities

The total markdown now stands at 50 per cent, in line with guidelines laid down by Amfi for below-investment grade papers

Earlier, the fund house had extended the maturity date of one of its schemes that had exposures to Essel group companies

After the additional markdown, the total markdown on the exposures stands at 37 per cent

In December quarter, the fund house saw its net profit jump 25% on a year-on-year basis to Rs 243 crore

The settlement was approved by Sebi's high-powered committee in October and subsequently by a panel of whole-time members of Sebi in November