Sharing details on why IDFC AMC chose to move to a larger office, Mr. Vishal Kapoor, CEO, IDFC AMC, said that, “Chandigarh is a key market for IDFC AMC as we are seeing increased financial awareness and greater interest in investing through mutual funds.
Last financial year, we saw a rise of 13.3% in the number of SIP count from Chandigarh and we are seeing greater potential for growth this year, hence, the decision to move to a bigger branch and grow our team here.”
Established in 2000, IDFC AMC manages around ₹ 80,000 crores for over 1 million investor folios representing leading institutional, family-office and individual clients. IDFC AMC manages 33 open ended and 23 close-ended mutual fund schemes across a range of fixed income and equity strategies. It has offices across 42 cities with 300 full-time employees including 21 research and investment professionals.