HDFC AMC to broad-base its equity portfolio over next few quarters

Despite being one of the top players in the industry, HDFC AMC has witnessed a drop in market share in the past year

HDFC Asset Management Company (AMC) aims to expand its product portfolio in the next few quarters. While addressing the shareholders a few days ago, Navneet Munot MD and CEO of the fund house stated that despite strong growth in the past decade, mutual fund penetration remains extremely low in India.

According to Navneet Munot, the fund house constantly evaluates opportunities but refrains from creating products or solutions unless it strongly believes they will add value to the customers’ portfolios over the long term.

“In the next few quarters, we would like to expand our equity product portfolio to cover sector-specific