HDFC AMC Q2 results show it got singed in IL&FS bushfire1 min read . Updated: 30 Oct 2018, 06:50 AM IST
HDFC AMC is the only mutual fund house that saw its AUM rise 12% in September month-on-month, compared with an industry-wide fall
In times of fear, pedigree helps, but it too has limitations. HDFC Asset Management Co. Ltd (HDFC AMC), known for its quality portfolio and size, could not escape the shadows of the liquidity fears in the mutual fund industry. The company’s assets under management (AUM) growth slowed to 9% for the September quarter (Q2) compared to an impressive 21.5% in the previous quarter.
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