What Is The Future Of HDFC AMC Stock?

Which SIP is best in HDFC?

Here is a List of Best HDFC SIP Mutual Fund Plans1 Year Return.3 Year Returns.5 Year Returns.

HDFC Mid-Cap Opportunities Fund.

Equity: Mid Cap.

-10.49% 4.9% 9.88% HDFC Hybrid- Equity Fund.

Hybrid:Aggressive Hybrid.

1.58% 8.61% 9.95% HDFC Top 100 Fund.

Equity: Large Cap.

-0.38% 9.63% 7.78% HDFC Small Cap Fund.

Equity: Small Cap..

Who is the CEO of HDFC Mutual Fund?

Navneet MunotSeasoned fund manager Navneet Munot is set to join HDFC Mutual Fund — the country’s second largest asset manager handling Rs 3.75 lakh crore of investor money — as its managing director and chief executive officer.

When did HDFC go public?

March 1995In March 1995 HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription. HDFC Bank was listed on the Bombay Stock Exchange on 19 May 1995.

Why is AMC dropping today in HDFC?

Recent Market fall Company’s income is linked to the Assets under Management (AUM). Also, HDFC AMC has the highest equity AUM in overall AUM mix. As the Average AUM came down 30%-40% due to recent market fall, company’s income also declined.

Which share is best to buy?

Buy Mahindra & Mahindra, target price Rs 835: Motilal Oswal. … Buy Maruti Suzuki, target price Rs 7850: Motilal Oswal. … Buy Eicher Motors, target price Rs 2670: Motilal Oswal. … Buy Hero MotoCorp, target price Rs 3700: Motilal Oswal. … Buy Bharti Airtel, target price Rs 650: Motilal Oswal. … Buy Axis Bank, target price Rs 650: IIFL.More items…

Which is best share to buy in 2020?

(Updated: 05-Dec-2020)SLNamePAT (Rs.Cr.)1Nestle India2,072.142TCS30,789.003Hindustan Oil Explora88.274VST Industries316.343 more rows

Which is the best AMC in India?

The top 10 AMCs in India are:SBI Mutual Fund.HDFC Mutual Fund.ICICI Prudential Mutual Fund.Reliance Mutual Fund.Aditya Birla Sun Life Mutual Fund.DSP BlackRock Mutual Fund.Kotak Mutual Fund.Tata Mutual Fund.More items…•

What does HDFC AMC do?

HDFC Asset Management (HDFC AMC) is the investment manager to HDFC Mutual Fund (HDFC MF) the largest mutual fund in India with total AUM of Rs. 343938 Crore as of March 31 2019. HDFC AMC has a diversified asset class mix across Equity and Fixed Income/Others.

What was the issue price of HDFC AMC?

The initial share-sale offer will be open for public subscription from July 25 to 27. HDFC Asset Management Company, the country’s second largest mutual fund firm, has fixed a price band of Rs 1,095-1,100 per share for its initial public offering (IPO), through which it is estimated to garner Rs 2,800 crore.

Is it good to buy RIL share?

Reliance Industries Ltd (RIL) stock is a favourite for the long term as well as short term investors, despite being overvalued. … With its strong franchises and partnerships, analysts too mostly give a ‘BUY’ rating to the stock.

Is HDFC AMC overpriced?

HDFC AMC and Reliance Nippon Life Asset Management (Nippon Life), the listed AMCs in India, trade at a trailing multiple of 71 and 44, respectively, making them the most expensive asset management companies (AMCs) compared with the average P/E of 19.6 for global AMCs according to Bloomberg data.

How does AMC earn money?

Key Takeaways. Mutual funds make money by charging investors a percentage of assets under management and may also charge a sales commission (load) upon fund purchase or redemption.

What is IPO in HDFC?

An Initial Public Offering or IPO is when equity shares of a company are offered to the public on the open market i.e. the stock market for the first time. The company going public raises capital and funds by trading IPO shares.

Who is promoter of HDFC AMC?

HDFC AMC is jointly owned by HDFC Ltd (52.76%) and Standard Life (26.89%), with a 79.6% promoters’ stake.

Why is Edelweiss stock falling?

Share price of Edelweiss Financial Services crashed nearly 10 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Friday after ED summoned the group’s chairman Rashesh Shah in an alleged forex scam. … In contrast, the BSE Sensex was trading 46 points, or 0.11 per cent, lower at 41,498.