InvestorQ : What is HDFC AMC planning in the light of falling market share in the mutual funds business?
Mitali Bhutta made post

What is HDFC AMC planning in the light of falling market share in the mutual funds business?

Answer
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3 months ago
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It is no secret that HDFC AMC has been losing market share. In fact, in the last 1 year HDFC AMC has lost nearly 200 bps market share as SBI, ICICI Pru and many other funds like Nippon, UTI and Kotak have sharply increased their AUM. Therefore, HDFC AMC is now counting on new product launches to stop the fall in market share. It has already launched 4 equity funds recently to fill gaps in its product basket.

Navneet Munoth, who recently moved in as CEO of HDFC MF from being CIO at SBI MF, has a tough job on hand. SBI MF has taken the lead in AUM by a huge margin, ICICI Prudential has crossed HDFC AMC and others like Kotak, Birla, UTI and others are rapidly building AUM. In fact, smaller names like Mirae have become big in terms of equity AUM.

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