HDFC Mutual Fund wins equity mandate of $450 million from unnamed FPI

HDFC Mutual Fund on Monday disclosed that it has won an equity mandate of $450 million from a reputed foreign portfolio investor (FPI), of which one-third got funded recently. However, the management declined to comment on the name of the FPI or the terms and conditions of the mandate, while sharing its half-yearly financials.    

HDFC AMC reported a 19 per cent growth in profit after tax to Rs 4 billion for the half-year ended September. The total assets under management (AUM) as of September 30, 2018, stood at Rs 2.9 trillion, compared to Rs 2.7 trillion as of September