The mutual fund industry has been making headlines of late, with systematic investment plan (SIP) flows clocking new records every month. Consistent SIP inflows ensure high revenue predictability for asset management companies (AMC), which is why they are commanding a premium to the broader market (Nifty 500). A recent reportRead More →
Shares of HDFC Asset Management Co. Ltd (HDFC AMC) scaled a new 52-week high of ₹2,910 apiece on Friday. The September quarter (Q2FY24) results have brought cheer. Kotak Institutional Equities analysts point out, “HDFC AMC’s Q2FY24 results were near perfect, with both headline/core earnings up 20% year-on-year along with strongRead More →
HDFC AMC, Krishna Institute Of Medical Sciences Ltd, Thyrocare on Tuesday saw heavy buying and selling. UK’s largest active asset manager, Abrdn Investment Management offload itsed entire shareholding worth ₹3,920.1 crore in HDFC Asset Management Company (AMC). According to data on BSE, Abrdn Investment Management sold 21,778,305 shares at anRead More →
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company’s list by the end of the record date will beRead More →
In a report highlighting market share movement, valuations, industry flow and performance comparison of listed asset management companies (AMCs), brokerage and research firm ICICI Securities said that the three key takeaways include valuations have inched up above their respective. “First being, standard deviations based on its estimates for HDFC AMCRead More →
