The Newz Biz Team, PUNE
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. He added “At HDFC AMC, we are well-positioned to capitalize on the opportunities with Pedigree, People, Processes, Products, Performance, Presence, Partnerships and Platform.
According to Mr. Munot, despite strong growth in the past decade, mutual fund penetration remains extremely low in India. He added, “I believe the economy should come back to a steady recovery path, with the COVID curve showing signs of flattening and the nationwide vaccination drive gathering steam. The markets are clearly exhibiting confidence, signaling better times ahead. Our people are well equipped with top-class digital infrastructure to function seamlessly. We have created the tools to provide a best-in-class User Interface and User Experience to our customers and partners. We will continue to strengthen our digital capabilities with a focus on delivering customer delight”.
While addressing the shareholders on the expansion of the equity product portfolio, Mr. Munot said, “Today, we offer a broad range of products across asset classes/ risk spectrum which addresses varied customers’ needs. We constantly evaluate opportunities but refrain from creating a product/solution unless we strongly believe that it will add value to our customers’ portfolios over the long term. 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 optimize their portfolio returns. Our hybrid funds and asset allocation-oriented products enable investors to balance their asset allocation, optimize portfolio returns and ride out market gyrations. In the next few quarters, we would like to expand our equity product portfolio to cover sector/specific themes, international markets, and passive strategies”.