HDFC plans to launch MF scheme - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HDFC plans to launch MF scheme

Jun 11, 1999

The return of retail investors to mutual funds (MF) and tax breaks for MF investments in the latest budget, have encouraged HDFC, India's largest housing finance company, to enter into the MF industry. However, company officials have remained tightlipped so far, and have refused to divulge information on whether the scheme would be open-ended/close-ended. In fact, details of the scheme have yet to be worked out.

Another rationale for HDFC to enter the MF industry is the synergy with its current line of business. It has been in the asset management business for several years. It has a depositer base of close to a million investors, a million borrowers and a large number of shareholders. The company plans to exploit this investor base to the fullest.

Meanwhile HDFC is also very keen to launch a consumer finance scheme to fund purchases of vehicles and white goods.

Equitymaster requests your view! Post a comment on "HDFC plans to launch MF scheme". Click here!

  

More Views on News

Indian Railway Finance Corporation IPO: Should You Apply? (IPO)

Jan 18, 2021

Monopolistic railway financer with impeccable asset quality.

CAMS IPO: Should You Apply? (IPO)

Sep 18, 2020

Does the company having 70% market share of the mutual fund registrar business have sound prospects?

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games? (The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs (Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story (Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Top 3 Nifty ETFs to Buy Now (Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

Why Did the Market Crash on Monday? (Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS