HDFC AMC acquires Morgan Stanley's India funds
In a major consolidation exercise in the mutual funds sector, HDFC AMC decides to acquire all eight mutual fund schemes of Morgan Stanley Investment Management. HDFC Mutual Fund managing director Milind Barve talks to NDTV Profit about the deal, and whether the acquired schemes will be merged with the company's existing schemes or if they will be operated as standalone schemes under brand name 'HDFC MF'. Mr Barve also comments on the possibility of further consolidatory moves and deals in the mutual fund space in India.
