HDFC Mutual Fund lines up a slew of exchange-traded funds as ranking slips

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

HDFC Mutual Fund (MF) has lined up a slew of exchange-traded funds (ETFs) after its ranking slipped on the league table for the country’s most valuable asset management company.

Over the past two days, the fund house has filed nine offers documents in the passive space with the Securities and Exchange Board of India (Sebi). The move is seen as a strategy to increase its market share, which has dwindled over the past few years. 

HDFC MF’s ranking slipped to the third position during the just-concluded September quarter.

The data from the Association of Mutual Funds in India (Amfi) shows that HDFC MF