Top executive’s exit signals end of an era at HDFC AMC, start of Munot show
The resignation of sales co-head Naveen Gogia is seen as a major setback to the AMC’s efforts to regain lost ground. But, it also removes the last vestige of the founding team, opening up the field for the CEO.
18 September, 2024•8 min
0
18 September, 2024•8 min
0
Getting your Trinity Audio player ready...
More in Business
Business
Jane Street continues to refrain from trading in India
While the US high-frequency trading giant was allowed to resume trading by SEBI after it deposited about Rs 4,844 crore last year, its counsel has argued that the firm still does not know what it can or cannot do in terms of trading in the Indian market.
You may also like
Business
Are asset managers irrational in not listing their booming businesses?
Despite record inflows, AMC stocks have not delivered strong returns. Moreover, the best AMCs are not listed and may never opt to be, for good reason.
Business
HDFC AMC breaks with the past to shake off laggard tag
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.
Business
Inside SBI MF’s race to the top
A safety-first strategy and not having a star manager has only helped the mutual fund business of India’s largest bank. Will it hold its ground?