Stock Market

What’s eating HDFC AMC? Has it grown too big for its own good, or are investors losing interest?


HDFC AMC has it all. The HDFC brand, INR4 lakh crore of assets under management, and a market with a rising number of retail investors. Still, on a day when the Sensex measured mount 50K, the stock fell 110 points. So, what went wrong? The story has a long prequel.

On January 21, when Indian equity benchmarks soared to new highs, with the Sensex rallying past the 50,000-mark and Nifty scaling 14,700, HDFC Asset Management Company (HDFC AMC) — India’s largest listed mutual fund house — ended the day in red.A day after reporting a ‘muted quarter’, as Kotak Institutional Equities called it, the stock price of HDFC AMC ended the trading session at INR3,097 per share (January 21), 3.4% down from the day’s

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