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Amid volatility in silver prices; HDFC MF has restricted new lump-sum and systematic registrations capped at Rs1 lakh per PAN per day.
The demand for garments and textiles is expected to rebound as inventory levels normalize and inflation eases, benefitting industry players such as Pearl Global.
Celebrated fund manager Prashant Jain left HDFC Mutual Fund in July 2022 and left a void. A strong equity team was already in place to fill the gap. A year later, the fund house has taken strides but the core philosophy continues
"I consider myself fortunate and blessed to end this innings on a winning note and to have achieved a seamless and smooth transition. Fund management is like a non-stop relay race. Each runner desires to hand the baton ahead of competition and in a seamless manner," says India's best known fund manager
Aadmi ki position dekh kar Prashant bhai ki fitraat nahi badalti, says Nilesh Shah, Managing Director at Kotak Asset Management
The fund house has consistently added new fund managers with varying fund management styles to ensure diversity in its fund management team and performance. After its erstwhile managing director Milind Barve’s exit in 2021, Prashant Jain’s exit is another important turn in HDFC Mutual Fund’s life cycle.
Prashant Jain is an analyst and a portfolio manager par excellence. His ability to understand managements, businesses, and valuations across debt and equity, across market cycles was superior to most on the Street.
Prashant Jain, one of the world's longest serving fund managers, has hung up his boots after 31 years in the fund management business. Sumaira Abidi recounts the decisions that gave him legendary status within the industry.
Mutual fund industry looks back at how Prashant Jain has left a lasting impact and contributed to the growth of Rs 37 lakh crore MF industry
With balance sheets of banks, companies in good shape and profits of companies recovering strongly, Jain sees the beginning of a new cycle
So far, the fund house has had just a few passively-managed funds.
Many of the largest equity schemes at HDFC MF have followed a value investment style that went through a rough patch in the past five-odd years. But a broader market recovery has helped turn thing around in the last one year.
According to a regulatory filing, the schemes of HDFC Mutual Fund, which held 8.33 percent stake in Just Dial earlier, sold 1,690,653 shares constituting 2.73 percent stake in the open market transaction.
Credit risk funds invest in corporate debt paper or corporate bonds which are below highest grade rating.
HDFC Credit Risk Debt Fund had an exposure of Rs 124.11 crore to the secured non-convertible debentures (NCDs) issued by Simplex Infrastructures
In the last three years starting Jan 1, 2016, while BSE Sensex has surged nearly 50 percent, BSE Midcap rose 33 percent and BSE Small-Cap went up by merely 13 percent.
But one question plays on everyone's mind, and that is whether the donated amount would actually help the right patient.
At UTI Mutual Fund, Nambiar managed UTI Long Term Equity Fund, UTI Midcap Fund, UTI India Consumer Fund, UTI Long Term Advantage Fund, and UTI Focussed Equity Fund.
This conundrum explains why SEBI has now decided to do away with all methods of valuation except mark to market method. This now takes away misuse of discretion out of MF hands.
Fund houses that have exposures to the beleaguered companies witnessed a fall in the average AUM last quarter
In 2016, Franklin Templeton India AMC had bought the troubled Jindal Steel and Power Ltd's debt securities from its debt schemes after these papers were downgraded twice earlier that year.
The liquidity arrangement may involve an aggregate outlay not more than Rs 500 crore and will be put in place shortly.
According to market sources, E A Sundaram CIO-equities at DHFL Pramerica Mutual Fund has relinquished from this duties and Ravuri may take over as CIO.