HDFC Asset Management Company has invested an amount upto Rs 6 crore in equity share capital of wholly owned subsidiary (WOS) namely HDFC AMC International (IFSC) and continues to hold 100% of the total paid up share capital of WOS. The objective of acquisition is to enable the WOS to meet the net worth requirements prescribed for Registered Fund Management Entity (Retail) under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 and to meet the other expenses from time to time.
Earlier, the company had received approval from Board of Directors for the same.
| Company Name | CMP |
|---|---|
| ICICI Prud.Asset Man | 3334.05 |
| HDFC Asset Mngt. Co | 2792.40 |
| Nippon Life India As | 1017.50 |
| Aditya Birla Sun AMC | 1071.75 |
| UTI Asset Management | 1034.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: