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

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