HDFC Asset Management Company Limited
Nippon India Mutual Fund now holds a 1.00% stake in HDFC Asset Management Company Limited, up from under 1% previously, after holding 43,10,425 shares.
A leading fund management company in India, HDFC Asset Management provides investment and wealth management services across mutual funds and other asset classes. Established in 1999, the company offers diversified investment solutions to retail and institutional clients through a range of equity, debt, and hybrid schemes. It operates as a subsidiary of HDFC Bank, leveraging the parent's extensive distribution network and customer base to deliver comprehensive financial products and services.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.