Short Term Stock Future: Buy HDFCAMC JULY

• July 15, 2021
• By BIPRO HALDAR
• 90 Views 701 comments

HDFC Asset Management Company Ltd (NSE:HDFCAMC) is one of India’s largest and most profitable mutual fund manager with ₹3.2trillion in assets under management. Started in 1999, the company were set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). During FY18-19 the company carried out an initial public offering, and became a publicly listed company in August 2018. Currently, 20% of the company is owned by the public. HDFC Asset Management Company (“HDFC AMC”) is the investment manager to the schemes of HDFC Mutual Fund (“HDFC MF”).The company offer a comprehensive suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to its large retail and institutional customer base of 9.4 million live accounts. HDFC AMC has a dominant position in equity investments, with the highest market share in actively managed equity-oriented funds. The company’s strengths lie in delivering simple and accessible investment products for the average Indian household. HDFC AMC is the most preferred choice for retail investors, with the highest market share in assets from individual investors. Over one in four Indian mutual fund investors have invested in at least one of its schemes. The company’s offering of systematic

Script Name –HDFCAMC

Buy Price –3094-3097

Profit Target-3170

Stop Loss-3041

Call Duration-Short Term

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