Latest news with #HDFCAMC
Business Recorder
2 days ago
- Business
- Business Recorder
Financials lead Indian equity benchmarks higher; tariff jitters cap gains
India's benchmark indexes inched up on Tuesday, led by gains in financials, though broader market weakness and uncertainty around U.S. President Donald Trump's new tariff proposals capped overall gains. The Nifty 50 rose 0.24% to 25,522.50 points and the BSE Sensex added 0.32% to 83,712.51. Eight of the 13 major sectors logged gains. The high weightage financials and private banks rose about 0.7% each, both led by Kotak Mahindra Bank's 3.5% jump after it reported robust June quarter deposit and loan growth. Asset managers such as HDFC AMC, UTI AMC gained after country's markets regulator proposed to allow them to provide investment management to pooled funds. The broader small-caps and mid-caps fell 0.3% and 0.2%, respectively. Trump announced a 25% levy on key Asian allies, including Japan and South Korea, while extending the tariff deadline to August 1 from July 9, allowing more time for negotiations. The U.S. President reiterated the likelihood of a deal with India. Indian shares to open muted on tariff jitters; Trump says India deal close 'India getting a deal will give clarity to investors on what they can expect, which may not be the case for countries that don't have the deal in place,' said Arun Malhotra, fund manager at CapGrow Capital. MSCI's broadest index for Asia-Pacific stocks outside Japan was up 0.5% as investors assessed fresh tariff announcements. Indian textile firms Alok Industries, KPR Mill and Vardhman Textiles rose after the U.S. imposed 35% tariffs on Bangladesh, a key garment exporter, while Trump hinted at a trade deal with India. Pharma stocks fell 0.9% after Macquarie downgraded Aurobindo and Dr. Reddy's, and slashed targets for Lupin, Cipla and Zydus on U.S. pricing concerns. Among other stocks, Titan tumbled 6.1%, marking its biggest daily percentage losses in 14 months, after an underwhelming June-quarter sales.
Business Upturn
2 days ago
- Business
- Business Upturn
HDFC AMC shares jump 3% as Antique initiates ‘Buy'rating with ₹6,000 Target
Shares of HDFC Asset Management Company (HDFC AMC) were up around 3% in early trade after brokerage firm Antique initiated coverage on the stock with a 'Buy' rating and a target price of ₹6,000. As of 9:48 AM, the shares were trading 2.55% higher at Rs 5,126.50. Antique believes the Indian mutual fund industry is set for steady growth, projecting over 15% compound annual growth in total assets under management (AUM), and more than 20% growth in active equity AUM. This outlook is based on expectations of moderate GDP and earnings growth, stable SIP inflows despite market fluctuations, increasing role of fintech platforms, and ongoing traction in passive funds. Advertisement The report notes that asset management companies could be in line for a valuation re-rating, supported by improving earnings. Among sector peers, Antique has highlighted HDFC AMC and Nippon Life India Asset Management (NAM) as preferred picks, citing consistent performance, steady market share in flows, and diversified equity portfolios. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Economic Times
2 days ago
- Business
- Economic Times
AMC stocks in focus as Sebi mulls easing mutual fund business norms
Shares of AMCs like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC are likely to be in focus after Sebi proposed easing norms governing mutual fund operations. The regulator plans to relax the broad-basing requirement, allowing AMCs to manage non-broad-based pooled funds without a PMS licence, subject to strict regulatory oversight. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of asset management companies (AMCs) such as HDFC AMC Aditya Birla Sun Life AMC , Nippon Life India AMC, and others will be in focus on Tuesday after the Securities and Exchange Board of India (SEBI) proposed easing regulations related to mutual fund (MF) business a circular issued on Monday, SEBI proposed relaxing the broad-basing requirement under Regulation 24(b) of the MF Regulations. This would allow AMCs to offer management and advisory services to non-broad-based pooled funds, subject to stringent governance standards and regulatory AMCs are permitted to offer such services only to broad-based pooled assets. Those seeking to serve non-broad-based funds must obtain a Portfolio Management Services (PMS) acknowledged that several AMCs have raised concerns that the existing rules limit their ability to compete with other intermediaries offering similar services. The restrictions, they said, have acted as a barrier to entry and hindered access to new opportunities in managing pooled assets—an area where AMCs already possess strong domain expertise.'However, restrictions due to the broad-basing criteria do not permit AMCs to take up such mandates,' Sebi noted in the has sought public comments on the proposal by July addition, Sebi has proposed an expansion of permissible activities for AMCs and their subsidiaries, allowing them to undertake operations ancillary to their core business—such as distribution and marketing services. These activities must fall under the regulatory oversight of a domestic or foreign regulator, ensuring that all such operations remain within the ambit of a recognized regulatory framework, the circular circular has addressed four potential conflicts that may arise if these norms are relaxed. These include: diversion of resources and fees charged, contra-trade and front running, trading based on inside information, and inter-business transfer of assets on unfavourable terms to mutual fund will be required to ensure that resources allocated to pooled non-broad-based funds are proportionate to the fees earned from such funds, and that mutual fund (MF) investors are not made to bear the cost of these products. Sebi may also prescribe a range of fees that AMCs can charge from their pooled non-broad-based personnel responsible for investment decision-making and fund management will need to be segregated. A fund manager may be common only if the investment objectives and asset allocation are the same and replicated across all the funds managed by that individual, the circular stated.
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
HDFC AMC launches innovation fund with thematic bet but higher risk
HDFC Asset Management Company (AMC) has launched an open-ended equity scheme that will invest in companies with 'innovative' products processes or business models, it said on Tuesday. HDFC Innovation Fund opens on June 27 and closes on July 11, 2025. The thematic fund will give investors 'exposure to firms that are at the forefront of transformation, driven by digital adoption, startup energy, and government-backed innovation policies', said HDFC AMC on Tuesday. 'With our research-driven approach, we aim to capture the long-term wealth creation potential of innovation-focused businesses,' said Navneet Munot, chief executive officer and managing director of HDFC AMC, about the new fund offer (NFO). HDFC Innovation NFO's key features Benchmark Index: NIFTY 500 (Total Returns Index) Approach: Bottom-up stock picking, diversified across sectors and market caps The HDFC Innovation Fund will be available in two plans, Direct and Regular. The Direct Plan is meant for investors who invest on their own and comes with lower costs, while the Regular Plan includes distributor commissions. Each plan offers two options: Growth, where returns are reinvested to build wealth over time, and Income Distribution cum Capital Withdrawal (IDCW), which provides periodic payouts to investors seeking regular income. Opportunities and risks Opportunities: Gain early exposure to India's innovation-led growth stories. Diversified play across sectors and market caps. Potential long-term capital appreciation through transformative businesses. Risks: It may be more volatile than diversified equity funds. Concentration in innovation-led sectors may underperform in certain market cycles. Market timing risk during the NFO period could affect short-term returns. Should you invest? Innovation is undeniably a long-term structural trend in India, supported by government policies, a tech-driven startup environment, and digital acceleration. However, as with all equity investments, especially thematic ones, investors must align this with their risk appetite and investment horizon. Those looking for long-term growth and comfortable with potential short-term volatility may find this fund a strategic addition to their portfolio. Conservative investors may prefer to wait and watch how the fund performs post-NFO.
Mint
11-06-2025
- Business
- Mint
Asset management stocks rebound as AMFI data shows record AUM; Nomura bullish on HDFC AMC, NAM
Shares of asset management companies (AMCs) staged a modest recovery on June 11, 2025, after facing some profit booking in the previous session. The rebound came even as equity mutual fund inflows fell to a 12-month low in May. The data released by the Association of Mutual Funds in India (AMFI) showed a mixed picture—while equity inflows slipped sharply, overall assets under management (AUM) hit an all-time high. The sector also received a boost from Nomura's reaffirmed bullish stance on leading players HDFC AMC and Nippon Life India Asset Management (NAM India), citing strong growth in AUM and profitability. HDFC AMC rose nearly a percent after dropping 2 percent in the prior session. Similarly, UTI AMC gained 0.8 percent, recovering from a 1.4 percent decline on June 10. However, Aditya Birla Sun Life AMC (ABSL AMC) remained under slight pressure, trading flat to marginally lower. Despite short-term volatility, AMC stocks have shown strong momentum in recent weeks—UTI AMC and ABSL AMC have surged up to 20 percent in the last one month, while HDFC AMC has gained 15 percent over the same period. The initial decline in AMC stocks came after AMFI reported a steep 22 percent drop in equity mutual fund inflows for May, totaling ₹ 19,013 crore, the lowest in a year. However, analysts view this drop as a moment of consolidation rather than cause for concern. Anoop Vijaykumar, Head of Equity at Capitalmind MF, said, 'Even with a 22 percent month-on-month dip, ₹ 19,000-plus crore of fresh equity money marks the 51st straight month of positive flows—a remarkable show of investor discipline since March 2021.' One of the biggest positives from the AMFI data was the continued strength in Systematic Investment Plans (SIPs). Monthly SIP contributions rose marginally to hit a new high of ₹ 26,688 crore, marking a 28 percent year-on-year increase. The rising SIP numbers suggest that retail investors continue to favour disciplined, long-term investing strategies. Moreover, the mutual fund industry's total AUM climbed to a record ₹ 72.20 lakh crore in May, up from ₹ 69.99 lakh crore in April. This milestone is seen as an indicator of the deepening of retail participation in capital markets and the ongoing shift of household savings toward financial assets. Overall, the industry registered net inflows of ₹ 29,108 crore during the month. Adding to the positive sentiment, Japanese brokerage Nomura reiterated its bullish outlook on HDFC AMC and NAM India in a report released on June 10. The brokerage maintained 'Buy' ratings on both stocks, driven by expectations of continued growth in AUM and operating profits. HDFC AMC and NAM have rallied 13 percent and 16 percent respectively in the past month, outperforming the broader market even as overall equity inflows slowed. Nomura analysts Ankit Bihani and Parth Desai highlighted the resilience of SIP flows and improving operating leverage as key tailwinds for these companies. The brokerage has set a price target of ₹ 4,272 for HDFC AMC, supported by its dominance in the high-margin equity AUM segment. For NAM India, the target price stands at ₹ 624, driven by cost efficiency and scalable operations. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
