HDFC Mutual Fund

Fund house says scheme meant for investors seeking 'financially stable and resilient companies with robust balance sheets'

Funds tracks Nifty500 Multicap 50:25:25 Total Returns Index, offering exposure across large, mid, and smallcap stocks

Scheme to take inflows only from existing SIPs, STPs

Nifty100 Low Volatility 30 Index Fund targets large-cap low-volatility stocks within the NIFTY 100 Low Volatility 30 Index

The fund's assets under management at month-end increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021

The fund's month-end assets under management (AUM) increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021

Jain delves into how the fund is striving to stand out in a competitive market landscape

HDFC Mutual Fund on Thursday bought shares of global digital engineering and technology company Cyient Ltd for Rs 204 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Mutual Fund purchased 11.33 lakh shares, amounting to a 1.02 per cent stake in Cyient. The shares were picked up at an average price of Rs 1,800 apiece, taking the deal size to Rs 204.10 crore. After the stake buy, HDFC Mutual Fund's shareholding in Cyient has increased to 2.1 per cent from 1.08 per cent. The details of the sellers could not be ascertained. On Thursday, shares of Cyient fell 0.67 per cent to close at Rs 1,794.30 apiece on the BSE. In a separate transaction on the NSE, Ventureast divested a 1.8 per cent stake in fintech player Zaggle Prepaid Ocean Services for Rs 67 crore through an open market transaction. Bengaluru-based Ventureast through its affiliate Ventureast Proactive Fund LLC offloaded 22.27 lakh shares, amounting to a 1.8 per cent stake

Revenue from operations surges 19% to Rs 2,167 cr

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Shares of the Anil Agarwal-led commodity major Vedanta have rallied over 10 per cent in the past one we­ek amid a rally in global metal prices on improved economic out­look for China

Sectoral funds carry higher risk, thus one could take controlled exposure to such funds

IiAS raises concern over lack of clarity on the utilisation of sale proceeds of unit that contributes 75% of revenue

The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli

The HDFC Top 100 Fund predominantly investing in large-cap stocks was launched in October 1996, making it one of the longest-running mutual fund schemes in India

HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent

Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively

The operating profit for the quarter was Rs 413 crore, 11 per cent higher than the last year's figure of Rs 374 crore, the AMC said in a press release

Price band set between Rs 1,800 and Rs 1,892 for Tuesday's block deals

Fund to stop taking lumpsum investments, limit new SIPs to Rs 10,000