IPO: HDFC Asset Management Company Limited
Company & Business Profile
HDFC Asset Management Company (HDFC AMC) Limited is well-known fund house engaged in providing savings and investment products. It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). SLI is part of Standard Life Aberdeen plc., one of the world’s largest investment company.
According to CRISIL, HDFC AMC has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, with a total AUM of Rs 2,932.54 billion as of 31 December 2017. Its profits have grown every year since the first full year of operations in Fiscal 2002.
It has been the largest asset management company in India in terms of equity-oriented AUM since the last quarter of Fiscal 2011 and has consistently been among the top two asset management companies in India in terms of total average AUM since the month of August 2008.
HDFC AMC offers a wide range of savings and investment products across asset classes. As of December 31, 2017, it offered 127 schemes categorized into 28 equity-oriented schemes, 91 debt schemes, 3 liquid schemes and 5 other schemes (including exchange-traded schemes and funds of fund schemes).
The company also provides portfolio management and segregated account services to HNIs, family offices, trusts, domestic corporates and provident funds etc. As of December 31, 2017, it managed a total AUM of Rs 75.78 billion as part of its portfolio management and segregated account services’ business.
Strengths
1. Brand reputation of HDFC and SLI helps in earning the trust of customers.
2. Consistent investment performance over the years has helped it established itself as one of the leading AMC in the country
3. Diversified product mix with a multi-channel distribution network helps it expand its reach.
4. Strong profitable growth, over the years, provides it with resources to fund future growth.
Objects of the Issue:
The objects of the Offer-
1.To carry out the sale of Equity Shares offered for sale by the Selling Shareholders.
2.Enhance the company’s visibility and brand image,
3.Provide a public market for Equity Shares in India.
Listing
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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