HDFC AMC Sets Up Branch In Nashik

Mumbai/ Nashik: HDFC Assets Management Company Ltd (AMC) has set up a branch in Nashik. The branch located near the Rajiv Gandhi Bhavan. It is HDFC AMC's first branch in Nashik and the third in Maharashtra after Pune and Nagpur. HDFC AMC assets under management (AUM) was Rs 31,424.74 crore. In 2003, following a decision by the Zurich Insurance Company (ZIC), the sponsor of Zurich India Mutual Fund, to divest its asset management business in India, HDFC AMC had entered into an agreement with ZIC to acquire the asset management business.