IDFC AMC gets SEBI nod for change in ownership

IDFC AMC gets SEBI nod for change in ownership

Daily Current Affairs   /   IDFC AMC gets SEBI nod for change in ownership

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Category : Business and economics Published on: December 03 2022

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  • IDFC Asset Management Company Limited (AMC), one of the top 10 AMCs in the country, has received regulatory clearances from regulators for its proposed change in ownership.
  • The IDFC Mutual Fund (MF) is proposed to be renamed as Bandhan Mutual Fund with Bandhan Financial Holdings Limited (BFHL) becoming the Sponsor of the Mutual Fund.
  • The IDFC AMC was set up by IDFC financial company in 2010. It is the 9th largest Mutual fund in India.
  • Bandhan Financial Holdings (BFHL) will hold 60% of the shares in the IDFC AMC, and ChrysCapital and GIC will hold 20% each.
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