HDFC Asset Management Company has received approval from board of directors to incorporate wholly owned subsidiary company in Gujarat International Finance Tec-City (Gift City), State Gujarat in the name and style of ‘HDFC AMC IFSC’ or ‘HDFC AMC International’ (IFSC) or such other name as may be approved by the Registrar of Companies.
The proposed wholly owned subsidiary will, inter-alia, undertake the business of acting as an Investment Manager to the scheme to be launched under Alternative Investment Fund (AIFs) from time to time, international funds, provide other investment advisory services and offer separately managed accounts, subject to the approval of SEBI, RBI, International Financial Services Centres Authority (IFSCA) and Ministry of Corporate Affairs (MCA). The Board of Directors of the Company at its meeting held on December 14, 2021 has approved the same.
HDFC Asset Management Company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its customers.
