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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Under CEO Navneet Munot, the one-time leader of the mutual fund industry has adopted a mix of investment strategies and products to regain lost ground.
HDFC Asset Management Co. closed 2023 with an increase in market share. This is no mean achievement, considering it comes after three consecutive years of decline.
If someone needs to be given credit for this turnaround, it is Navneet Munot—the former chief investment officer at SBI Mutual Fund—who joined HDFC AMC as its CEO and MD in February 2021. He replaced Milind Barve, the founding managing director of the mutual fund house who, after steering it to the top in just 11 years, had seen it cede ground to rivals.
Munot came with a strong performance record; he was part …
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
