Chirag Setalvad, the new head of equities at HDFC Asset Management Co Ltd (AMC), India’s third-largest mutual fund house, is one of the fund house’s longest-serving fund managers.
Live TV
Loading...
He handles the following at HDFC AMC — HDFC Mid Cap Opportunities Fund, HDFC Small Cap Fund, HDFC Hybrid Equity Fund, and HDFC Children’s Gift Fund.
Based in Mumbai, Setalvad mainly invests in Indian equities. He collectively has over 24 years of experience, of which 20 years have been in fund management and equity research and four in investment banking.
In July, veteran fund manager Prashant Jain quit HDFC AMC after 19 years. Consequently, the company’s board approved the appointment of Setalvad as head of equities.
Setalvad has been associated with HDFC Asset Management Company Limited for over 15 years. Before this, he was the vice-president at New Vernon Advisory Services Pvt. Ltd for three years and also a fund manager at HDFC Asset Management Company Limited. He has been an assistant manager with ING Barings N.V., Mumbai, for three years.
He has completed his B.Sc. in business administration from the University of North Carolina, Chapel Hill.
Now, let's look at the absolute returns of the funds managed by Setalvad:
| Scheme Name | Category | NAV | Crisil | Assets | 3mth | 6mth | 1yr | 2yr | 3yr |
| (Rs./unit) | Rank | 21-Mar | |||||||
| (Rs. crore) | |||||||||
| HDFC Balanced Fund (G) | Aggressive Hybrid | 147.069 | Not Ranked | 9,556.30 | -0.9 | -- | 7 | 32.2 | 36.1 |
| HDFC Long Term Advantage (G) | ELSS | 595.168 | Not Ranked | 1,211.57 | 1.2 | 15.4 | 35.5 | 56.1 | 75.6 |
| HDFC Children's Gift (Inv) | Children | 190.883 | Not Ranked | 3,891.90 | 9.1 | 9.7 | 7.8 | 50.8 | 65.4 |
| HDFC Hybrid Equity Fund (G) | Aggressive Hybrid | 82.187 | Not Ranked | 14,168.20 | 8.9 | 8.7 | 9.8 | 53.5 | 61 |
| HDFC Multi-Asset Fund (G) | Multi-Asset Allocation | 48.539 | Not Ranked | 535.25 | 5.9 | 6 | 5.7 | 34.7 | 58.7 |
| HDFC MidCap Opportunities (G) | Mid Cap | 96.84 | Rank 4 | 21,669.17 | 14.3 | 15.7 | 15.2 | 74.8 | 98.9 |
| HDFC Long-Term Advant. - Direct (G) | ELSS | 625.385 | Not Ranked | 114.43 | 1.3 | 15.6 | 36.1 | 57.5 | 78 |
| HDFC MidCap Opport.- Direct (G) | Mid Cap | 104.619 | Rank 4 | 4,208.86 | 14.5 | 16.1 | 16 | 77.3 | 103.1 |
| HDFC Hybrid Equity Fund - D (G) | Aggressive Hybrid | 87.444 | Not Ranked | 3,398.48 | 9 | 9.1 | 10.5 | 55.5 | 64.1 |
| HDFC Balanced Fund - Direct (G) | Aggressive Hybrid | 154.425 | Not Ranked | 2,065.72 | -0.6 | 0.7 | 8.3 | 35.3 | 40.8 |
| HDFC Children's Gift - Direct (Inv) | Children | 206.579 | Not Ranked | 308.18 | 9.4 | 10.1 | 8.7 | 53.4 | 69.6 |
| HDFC Multi-Asset Fund - D (G) | Multi-Asset Allocation | 52.323 | Not Ranked | 48.82 | 6.2 | 6.7 | 7.2 | 38.4 | 64.6 |
| HDFC Small Cap Fund (G) | Small Cap | 74.333 | Rank 3 | 6,693.13 | 11.4 | 11.9 | 10 | 92.8 | 102.4 |
| HDFC Small Cap Fund - Direct (G) | Small Cap | 82.32 | Rank 3 | 3,147.19 | 11.7 | 12.5 | 11.1 | 96.6 | 108.6 |
(Source: Moneycontrol)
About HDFC AMC
HDFC Asset Management Company Limited (HDFC AMC) is an investment manager for HDFC Mutual Fund. It was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an asset management company for HDFC Mutual Fund by SEBI on July 3, 2000.
It has a countrywide network of branches and a diversified distribution network comprising banks, independent financial advisors and national distributors.
First Published: Aug 25, 2022 5:06 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Supreme Court says it may consider interim bail for Arvind Kejriwal due to ongoing Lok Sabha polls
May 3, 2024 4:57 PM
10% discount on fare on Mumbai Metro lines 2 and 7A on May 20
May 3, 2024 2:40 PM