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  • News From Press HDFC AMC’s steady market share erosion worries investors

    HDFC AMC’s steady market share erosion worries investors

    On a quarterly average asset under management basis, the fund house’s share stood at 16.7% in March, down from 17.2% in December and 16.9% a year ago
    Source: Mint Apr 29, 2021

    Shares of HDFC Asset Management Co. Ltd have been under pressure for the past one month and the company’s March quarter results doesn’t seem to have given enough reasons to rejoice.

    The company has been losing market share for the past two years. On a quarterly average asset under management basis, the fund house’s share stood at 16.7% in March, down from 17.2% in December and 16.9% a year ago.

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    2 Comments
    Vinod Bhutada · 3 years ago `
    HDFC mutual fund is just going on way of
    Kodak,Nokia.
    Not ready to change, overconfident ,not performing on funds returns & no new ideas @ new fund launches,specially global funds,hybrid global funds.More relying on direct investment.
    No Proper care of distributors,they are considering distributors as granted.
    Housing opportunities fund even managed for so many years at maturity it has given negative returns ,even when markets were up fund can not perform,because funds are
    run with mood & wish of fund managers.
    I think that there is lack of system in stock
    Analysis & investment strategy.
    Few years back when HDFC buys any stock
    It was followed by all, nowadays when HDFC sells stock then it performs & go down for long period when purchased.
    As AMC it should not be person oriented it should be mainly system oriented & above that skill should be used.
    No doubt fund house is having very big & respectable fund managing persons but nowadays performance is such that even
    If anyone invests blindly without knowledge
    Would have fetched better returns.
    This should be taken positively by AMC.
    otherwise only God can save.
    Prashant · 3 years ago `
    It was deepak parekh some years back who told in an open forum that they don't want distributors but after a year they again started approaching distributors but thank God that the distributors had the sense to not fall for their tricks. Also they are the ones responsible for distributor losing on their hard earned money meaning they reduced the brokerage to almost nothing. They are saying it's a clawback but if the clawback applies to distributors it should also apply to AMCs. They should also put the difference of TER they collected from investors back into the schemes which no one did. This means that these moves by the regulator was just to benefit AMCs and maximise their profits and not to benefit investors at all. All the moves were brought because of these big fund houses. They are the ones who are making SEBI do all this. The regulator never consults the ground force who actually are working closely and directly with the investors but they take advise only from these corporates who never bother about investors bit they only want to maximise their profits even at the cost of lakhs of distributors and crores of investors.

    This would teach them a very good lesson that you should be working for the betterment of the society rather than multiplying your money this way.
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