HDFC ASSET MANAGEMENT COMPANY:
HDFC asset management company was incorporated under companies act, 1956 on December 10, 1999, and was approved to act has as an asset management company for hdfc mutual fund.
In terms of investment management agreement the trustee has been appointed the AMC to mange the mutual fund.
As per the terms of investment management agreement, the AMC will conduct the operations of the mutual fund and manage assets of the schemes launched from time to time.
The present share holding pattern of the AMC is as follows:
PARTICULARS % OF PAID UP CAPITAL
HDFC 50.10
STANDARD LIFE INVESTMENTS LTD 49.90
HDFC asset management company was incorporated under companies act, 1956 on December 10, 1999, and was approved to act has as an asset management company for hdfc mutual fund.
In terms of investment management agreement the trustee has been appointed the AMC to mange the mutual fund.
As per the terms of investment management agreement, the AMC will conduct the operations of the mutual fund and manage assets of the schemes launched from time to time.
The present share holding pattern of the AMC is as follows:
PARTICULARS % OF PAID UP CAPITAL
HDFC 50.10
STANDARD LIFE INVESTMENTS LTD 49.90
Zurich insurance company, the sponsor of Zurich India mutual fund, following a review of its overall strategy, had decided to divest its asset management business in India. The AMC had entered into an agreement with Zurich insurance company to acquire the said business, subject to necessary regulatory approvals.
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