HDFC Portfolio Management Services
Through a newly formed category named as alternative investment funds (AIF), HDFC Mutual Fund plans to raise up to Rs1,500 crore for real estate. The asset management company will raise the money through a new division that is expected to be called HDFC AIF, according to two persons who are familiar with the matter. An [...] Continue Reading »
HDFC portfolio Management Services (PMS), a Unit of HDFC Mutual Fund is finding the possibility of exiting its real estate investment, before its next real estate fund, as per an investment banker said. The source said that the exits are of Rs 800 crore -Rs 1,000 crore and range between Rs 100 crore and Rs [...] Continue Reading »
HDFC Portfolio Management Services (PMS), a division of HDFC Asset Management, has sold its 50 per cent stake in property developer Runwal Group‘s project in Mulund suburb of Mumbai for 250 crore. HDFC PMS‘ exit from this project is one of the largest realty fund exits in terms of returns. With 250-crore exit, HDFC PMS [...] Continue Reading »
