HDFC Life Files DRHP For IPO With SEBI
HDFC Asset Management Company Limited was incorporated on 10th December, 1999 under Companies Act, 1956 in the state of Maharashtra. It functions as a joint undertaking in between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”).
It currently offers a large stack of savings and investment products across diversified asset classes, which provides income and wealth creation opportunities to its customers.
Date of Establishment: HDFC Asset Management Company Limited was incorporated on 10th of December 1999 under Companies Act 1956, pursuant to a certificate of incorporation granted by Registrar of Companies in Maharashtra.
It obtained a certificate for commencement of its business on the 9th of March 2000.
Promoter of HDFC Asset Management Limited: Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI) are the promoters of HDFC Asset Management Limited.
Product and services offering: HDFC Asset Management Limited offers a vast range of savings and investment products across diversified asset classes.
As of 31st December 2017 they have offered 127 schemes that were classified into 28 equity-oriented schemes, 91 debt schemes (including 65 FMP’s), 3 liquid schemes and 5 other schemes (including exchange-traded schemes and funds of fund schemes).
They also provide portfolio management and segregated account services which includes discretionary, non-discretionary and advisory services. Their segments of product include:
Customer segments: HDFC Asset Management Limited has a wide and diversified customer segment, whichincludes individuals, domestic corporate, trusts, and provident funds as well as domestic and global institution spread throughout the country as well as outside the country.
Objects of HDFC Asset Management Limited: The objects of HDFC Asset Management Limited are:
-To carry out the sale of Equity Shares offered for sale by Selling Shareholders.
-To achieve the benefits of listing of Equity Shares on Stock Exchanges.
Summary of financial Information (Restated)
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Profit After Tax