HDFC Mutual Fund's shares jump 65% on first day of trading
HDFC Asset Management Company's shares soared 65% on the first day of trading on Monday after a â¹2,800-crore initial public offering last month. With assets under management of over â¹3 lakh crore, HDFC AMC is the country's second-biggest mutual fund manager. It operates as a joint venture between Indian mortgage lender HDFC and UK's Standard Life Aberdeen.