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HDFC AMC IPO hits Capital Market this week

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HDFC Asset Management Company is expected to report stellar growth performance in the long run at par with its listed group companies.

India’s second-largest fund house by assets under management, HDFC AMC, the subsidiary of Housing Development Finance Corpn (HDFC) is planning to raise around Rs 2,800 crore from its IPO, making it the fifth listed entity from HDFC group.

The anchor investor portion of the IPO will be open for subscription on 24 July 2018 whereas retail investors can start subscribing to the offer from 25 July 2018. The issue closes on Friday, July 27, 2018.

HDFC AMC IPO offers up to 2.54 crore equity shares of the fund house through an offer for sale (OFS) of 4.08% stake (85.92 lakh shares) by HDFC and up to 7.95% holding (1.68 crore shares) by Standard Life.

The shares will be listed both on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Presently, HDFC Asset Management Company has 60,000 em panelled distribution partners across India. The Company is expected to report strong growth performance in the long run matching with its peers.

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Nifty futures: The broadly traded instrument in the market

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Nifty futures are index futures wherein the underlying is the Standard & Poor (S&P) CNX Nifty index. In India, index futures trading began in 2000 on the NSE. The Nifty futures contracts are rooted in the popular benchmark Nifty-50 Index. Nifty futures have a high position in the Indian derivative world.   Nifty futures is the most largely traded instrument, whereby making it the large amount liquid contract in the derivative market.

In Nifty futures contracts, the standard lot size is 50 or its multiplies.  Resembling to other futures contracts, Nifty futures contracts also have a 3-months’ trading cycle i.e. the ‘near month’, ‘next month’ and the ‘far month’. To succeed in this trade, traders are to follow proper  ‘Nifty Future Tips’ or ‘Nifty Stock Option Tips’. The nifty future tips covers information of nifty market trends, nifty calls and the other factors related the trades.  Once you get acquainted with Nifty futures trading, you can be actively involved in the Nifty Futures trading. For this reason, Money Maker Research, the top market researcher provides intraday calls helping our customers to minimize the risks and also provide the traders the different strategies helping them to accomplish the nifty trade targets. It also provides Stock Option Tips, Call Put option tips, Stock cash tips and more.