HDFC Asset Management Company’s MD & CEO, Mr. Navneet Munot, addressing the shareholders said that as India continues on its growth journey, the fund house aspires to be a wealth creator for every Indian, with an audacious vision: to be the most respected asset manager in the world.
According to Mr. Munot, despite strong growth in the past decade, mutual fund penetration remains extremely low in India. He added, “The markets are clearly exhibiting confidence, signalling better times ahead.”
Mr. Munot said, “During FY 20-21, we launched HDFC Dividend Yield Fund and HDFC Banking ETF. With equity markets near record highs and interest rates at the lower end of the spectrum, investors are searching for the right balance to optimise their portfolio returns. Our hybrid funds and asset allocation-oriented products enable investors to balance their asset allocation, optimise portfolio returns and ride out market gyrations.” Mr. Munot emphasised that HDFC AMC’s fiduciary duty to its customers – their interests clearly supersede. Transparency and good governance are the key pillars in upholding the highest standards of fiduciary responsibilities. He added, “Our customers entrust us with their savings, with a strong belief that we would help them achieve their financial goals.”
