HDFC Asset Management Company Limited's head of equities Chirag Setalvad said the opportunity to raise money via new fund offers may be limited as most AMCs have largely filled gaps in their product offerings, with specialised investment funds offering only modest initial potential, and said large-caps are relatively attractively priced versus small- and mid-caps while banking and IT sectors trade at discounts to long-term averages.

HDFC Asset Management Company Limited, through HDFC Mutual Fund, will resume accepting lumpsum purchases and switch-ins without restriction in HDFC Gold ETF Fund of Fund from August 14, after temporary restrictions imposed on June 4, 2026. The fund house cited normalization of market conditions, following similar resumptions by Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund.

HDFC Asset Management Company Limited's HDFC Mid Cap Fund, managed by Chirag Setalvad, delivered 20.04% over five years versus 18.26% for the NIFTY Midcap 150 TRI benchmark and 16.12% category average, and 19.45% over three years versus 18.74% and 18.52%, while returning 10.07% over one year versus 10.55% and 10.27%. The scheme, launched June 25, 2007, held Rs 1.05 lakh crore AUM as of July 31, 2026, after crossing Rs 1 lakh crore in June 2026, with portfolio allocation of 65.11% mid caps, 17.56% small caps and 10.39% large caps.

HDFC Asset Management Company Limited was cited as an example of asset managers launching multiple similar passive funds, offering HDFC Nifty Top 20 Equal Weight Index Fund, HDFC Nifty 50 Equal Weight Index Fund and HDFC Nifty 100 Equal Weight Index Fund, as the Securities and Exchange Board of India considers potential limits on the number of passive funds per category to reduce repetitive offerings.