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HDFC Asset Management

HDFC House, 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai, Maharashtra, 400020, India

Overview

HDFC Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882, as per the terms of the trust deed dated June 8, 2000 with Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited as the Sponsors / Settlors and HDFC Trustee Company Limited, as the Trustee. The Trust Deed has been registered under the Indian Registration Act, 1908. The Mutual Fund has been registered with SEBI, under registration code MF/044/00/6 on June 30, 2000

Total investments
12
Lead investments
0
Investments · 12mo
12
Active investors
1

Sector focus

  • Financial Services
  • Funding Platform
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Investment portfolio

  • Shiprocket

    Participated · Equity · Aug 2026

    Shiprocket operates as a horizontal e-commerce enablement platform serving merchants and large retailers, with operations split into Core Business and Emerging Business segments. Its Core Business includes domestic shipping and shipping applications, while Emerging Businesses comprise cargo and fulfillment, cross-border shipping, advertising and marketing solutions, capital solutions, and hyperlocal deliveries. According to a Redseer Report cited by the company, Shiprocket was the largest new-age, end-to-end horizontal e-commerce enablement platform in India by revenue from operations for fiscal 2026. The company is pursuing growth through both organic expansion of its shipping and fulfillment offerings and by building out adjacent services such as advertising, capital solutions, and cross-border logistics. As part of its IPO, Shiprocket has signaled plans to invest in marketing and technology infrastructure, repay or prepay certain borrowings, and consider potential acquisitions using proceeds from the fresh issue. Current public disclosures around revenue, users, or founding year were not provided in the article.

  • River

    Participated · Series C · Aug 2026

    River designs and sells electric two-wheelers, with its core model the River Indie priced between ₹1 lakh and ₹1.5 lakh. The company delivered about 3,000 EVs monthly in the last fiscal year and ranked seventh among manufacturers in April. River has experienced rapid revenue growth—projected FY26 revenue nearing ₹500 crore—but remains loss-making, with reported losses of ₹196 crore in FY25. Its growth plan includes launching at least one new EV model annually beginning fiscal 2027, expanding retail presence from roughly 40 stores to over 350 by March 2028, and building a new manufacturing plant. River has also manufactured the Yamaha EC-06 in Karnataka, indicating potential manufacturing partnerships. The company faces strong competition from established incumbents with deeper service networks and brand recognition, and will require significant capital and operational execution to reach profitability.

  • Amagi Media Labs

    Participated · Equity · Jan 2026

    Founded in 2008, Amagi Media Labs provides cloud-based software that helps broadcasters and streaming platforms manage, distribute, and monetise video across smart TVs, smartphones, and other digital endpoints. The company operates three business lines—cloud modernisation, streaming unification, and monetisation & marketplace—and currently serves more than 45 % of India’s top-50 listed media and entertainment companies by revenue. Amagi booked ₹1,162 crore in revenue from operations in FY25, reflecting a 31 % CAGR between FY23 and FY25, and earned ₹6.40 crore in profit on ₹704.80 crore revenue during the six months ended 30 September 2025. At the upper end of its IPO price band, the firm is valued at over ₹7,800 crore. Management plans to deploy ₹550 crore of fresh capital to bolster technology and cloud infrastructure, pursue inorganic growth via acquisitions, and fund general corporate purposes over FY26-FY28.

  • Wakefit

    Participated · Equity · Dec 2025

    Founded in 2016, Wakefit has built a full-stack model that spans product design, in-house manufacturing, distribution, and customer engagement. Its portfolio covers mattresses, furniture, and home furnishings sold via its website, company-owned–company-operated (COCO) stores, and major e-commerce and multi-brand outlets. Wakefit operates five manufacturing facilities across Karnataka, Tamil Nadu, and Haryana that use imported machinery and automation to streamline production and reduce waste. For the six months ended 30 September 2025, the company generated ₹724 crore in revenue from operations and ₹35.5 crore in profit. Management plans to deploy fresh capital to open 117 new COCO stores, purchase new equipment, fund lease payments for existing outlets, and bolster marketing. The firm is preparing for a ₹1,289 crore IPO that would value it at roughly ₹6,400 crore. Wakefit’s growth trajectory positions it among the fastest Indian home-and-furnishings brands to surpass ₹1,000 crore in total income within the organised segment.

  • Groww

    Participated · Equity · Nov 2025

    Founded in 2016, Groww began as a direct-to-consumer mutual fund distributor and has evolved into a full-stack wealth management platform offering stockbroking, digital lending, and allied financial services. It now holds the position of India’s largest stockbroker with 13 million active traders as of February, outpacing rivals Zerodha and Angel One. The company recently deepened its advisory capabilities by acquiring PayU-backed fintech Fisdom for roughly $150 million. Financially, Groww’s FY25 revenue rose 31 % year-over-year to Rs 4,056 crore while net profit more than tripled to Rs 1,819 crore, a sharp turnaround from the prior year’s one-time tax-driven net loss. Its valuation has more than doubled since 2021, reflecting strong investor confidence. In May, Groww confidentially filed draft papers with SEBI for an IPO targeting $700 million–$1 billion, underscoring its near-term expansion ambitions. Existing backers include Peak XV Partners, Tiger Global, Ribbit Capital, Iconiq Capital, and Singapore’s sovereign wealth fund GIC.

Team