Asset Management Company is the investment manager of HDFC Mutual Fund's schemes. HDFC holds a 52.6% stake while Abrdn holds another 10.21%, as of December 2022. HDFC AMC manages 68 schemes comprising debt, equity, exchange traded fund and fund of fund schemes. Average assets under management (AUM) as at the end of March 2022 is 4.07553 trillion. It is ranked first in the industry in India on the basis of average assets under management. HDFC ERGO General Insurance Company HDFC formed this General Insurance company with ERGO Insurance Group. HDFC holds 50.5% and ERGO holds 26% of the shares. By the end of September 2013, its Market share in General Insurance stood at 4.1% (overall) in terms of gross gross direct premium in first half year of FY 2013–14. The total employee strength of the company as of March 31, 2013 was 1,389. HDFC Property Fund It was launched in 2005. Its first scheme was a close ended fund for domestic investors: 'HDFC India Real Estate Fund'. The funds of this scheme are managed by HDFC Venture Capital Limited. Its another scheme is for international investors and is a closed ended fund: 'HIREF International Fund'. HDFC RED Launched in 2010, HDFC has 100% shares for HDFC RED, a real estate online listings platform operating under HDFC Developers Ltd. The company focuses on real estate, avoiding resale and rental services. HDFC Credila Financial Services HDFC Credila is a non-banking finance company and was the first Indian lender to exclusively focus on education loans. The company lends to under-graduate and post-graduate students studying in India or abroad. HDFC holds approx. 90% shares in this company. The average amount of education loan disbursed is INR 880,000 approx. GRUH Finance HDFC held approx. 59% in GRUH, a housing finance company offering loans to individuals for purchase, construction and renovation of dwelling units. GRUH also offers loans to the self-employed segment where formal income proofs are not available. It has a retail network of 136 offices across 7 states in India. On 17 October 2019, GRUH Finance was formally merged into Bandhan Bank, giving HDFC a 14.9% stake in Bandhan. Listings and shareholding Listing: The equity shares of HDFC are listed on Bombay Stock Exchange where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India where it is a constituent of the S&P CNX Nifty. Shareholding: On 30