HDFCAMC

HDFCAMC

It was being incorporated at Mumbai as of December 10, 1999 as ‘HDFC Asset Management Company Limited’, a public limited company under the Companies Act, 1956 according to a certificate of incorporation granted by the RoC, and also obtained its certificate for commencement of business as of March 9, 2000 from the RoC.

Some of the Milestones:

• 1999: It was being incorporated.
• July 2000: It received SEBI’s approval to manage HDFC Mutual Fund Schemes.
• September 2000: It reached an AUM of INR 6.5 billion.
• August 2001: Also, Standard Life Investments became the company’s shareholders.
• September 2002: It crossed INR 100 billion.
• June 2003: It acquired Zurich Asset Management Company Limited (or “ZAMC”), having an AUM of INR 34 billion, according to which the company achieved a combined AUM of INR 118 billion.
• January 2009: Its AUM crossed INR 500 billion.
• October 2009: Its AUM crossed INR 1 trillion.
• March 2011: Also, the HDFC Mutual Fund became #1 for Equity QAAUM*.}
• March 2011: Also, HDFC Debt Fund for Cancer Cure was the first CSR oriented fund launched in India.
• September 2011: It also became #1 for total QAAUM*.
• March 2014: Also, HDFC Debt Fund for Cancer Cure 2014, which was the second CSR oriented fund, was launched in India.
• June 2014: It acquired Morgan Stanley Mutual Fund schemes, having an AUM of INR 19 billion.
• September 2014: Its AUM crossed INR 1.5 trillion.
• March 2016: It also became #2 for total QAAUM*.
• May 2016: Its AUM crossed INR 2 trillion.
• April 2017: Also, HDFC Charity Fund for Cancer Cure, which is the third CSR oriented fund, was launched in India.
• April 2017: Its Equity AUM crossed INR 1 trillion.
• December 2017: Its AUM crossed INR 3 trillion.

Some of the Achievements:

• 2012:
• The HDFC Mutual Fund won the Morningstar India Fund Awards 2012 in the “Best Fund House – Equity” category as well as the “Best Fund House – Multi-Asset” category.
• The HDFC Balanced Fund - Growth won the Lipper Fund Awards 2012 in the “Mixed Asset INR Balanced - 5 Years” category.
• The HDFC Children’s Gift Fund-Investment Plan won the Lipper Fund Awards 2012 in the “Mixed Asset INR Balanced - 3 Years” category.
• The HDFC Prudence Fund - Growth won the Lipper Fund Awards 2012 in the “Mixed Asset INR Aggressive - 3 Years” category.
• 2013:
• The HDFC Balanced Fund - Growth won the Thomson Reuters Lipper Fund Awards 2013 in the “Mixed Asset INR Aggressive - Best Fund over 10 Years” section.
• The HDFC Balanced Fund won the Morningstar India Fund Awards 2013 in the “Best Moderate Allocation Fund” section.
• The HDFC Prudence Fund - Growth won the Lipper Fund Awards 2013 in the “Mixed Asset INR Aggressive - 10 Years” section.
• The HDFC Mutual Fund won the Morningstar India Fund Awards 2013 in the “Best Fund House - Equity” category and the “Best Fund House - Multi-Asset” section.
• 2015:
• Also, the Managing Director, Mr. Milind Barve, won the Maxell Award for Excellence in Business Leadership in the Maxell Maharashtra Corporate Excellence Awards.
• The HDFC Floating Rate Income Fund - Long Term Plan won the Morningstar India Fund Awards 2015 in the “Best Ultrashort Bond Fund” section.
• The HDFC Multiple Yield Fund - Plan 2005 won the Morningstar India Fund Awards 2015 in the “Best Conservative Allocation Fund” section.
• Also, Mr. Chirag Setalvad was ranked #1 of the 10 Best Fund Managers 2015 - ET Wealth & Morningstar ranking.}
• 2016:
• Also, the Senior Fund Manager, Equity, Mr. Chirag Setalvad was being ranked #7 of the 10 Best Fund Managers 2016 - ET Wealth & Morningstar ranking.
• And Mr. Prashant Jain, who was the Chief Investment Officer, HDFC MF, was ranked #9 in the Outlook Business India’s Best Fund Managers 2016 Award.
• 2017:
• The HDFC Balanced Fund - Growth won the 2017 Thomson Reuters Lipper Fund Award in the Mixed Asset INR Balanced - “3, 5 & 10 Years” categories.
• It won the Outlook Money Awards 2017 in the “Equity Fund House” category.
• Also, Mr. Chirag Setalvad won the Outlook Money September 2017 Award and was also ranked #4 of the 10 Best Fund Managers 2017 – ET Wealth & Morningstar ranking.
• 2018:
• Also, the HDFC Small Cap Fund advertisement won a Gold award in the “Banking and Finance” category during Magzimise Awards.
• The HDFC Prudence Fund - Growth won the Thomson Reuters Lipper Fund Award 2018 in the “Mixed Asset INR Aggressive - Best Fund over 10 Years” section.
• The HDFC Balanced Fund - Growth won the Thomson Reuters Lipper Fund Award 2018 in the “Mixed Asset INR Balanced - Best Fund over 10 Years” section.
• The HDFC Balanced Fund - Growth won the Thomson Reuters Lipper Fund Award 2018 in the “Mixed Asset INR Balanced - Best Fund over 5 Years” section.
• The HDFC Mid - Cap Opportunities Fund-Growth won the Thomson Reuters Lipper Fund Award 2018 in the “Equity India - Best Fund over 10 Years” section.
• The HDFC Short Term Opportunities Fund won the Morningstar India Fund Awards 2018 in the “Short-Term Bond Fund” section.