Idfc Asset Management Company Limited (Mumbai)

Name: Idfc Asset Management Company Limited
Address: One India Bulls Centre, 6 Th Floor, Mumbai, 400013
Telephone: 022-6628-9999 EXTN: 22737

Idfc Asset Management Company Limited is an adviser based in Mumbai. It manages $12.4 billion of regulatory assets for 208 client accounts. It has been registered with the SEC as an adviser since 2015.

Idfc Asset Management Company Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Idfc Asset Management Company Limited: assets under management

The assets under management (AUM) of Idfc Asset Management Company Limited is $12.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 52% since the beginning of its operation, and $12.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.64 million each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Idfc Asset Management Company Limited for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vikram Mukund Limaye serves?

The firm provides services to individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Vikram Mukund Limaye is pooled investment vehicles with 4 clients and $12.39 billion of assets under management. Among the 9 most similar advisory firms, Idfc Asset Management Company Limited has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.4 billion for 208 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Idfc Asset Management Company Limited doesn't advise any private funds.

Careers at Idfc Asset Management Company Limited

The company employs 296 people that are either part- or full-time employees. 1 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Vikram Mukund Limaye has been acting as President since 1 Apr 2006. Kenneth Sylvin Andrade has served as the Chief Investment Officer since 1 Sep 2005 and Kalpen Vijay Parekh is the Chief Executive Officer of Idfc Asset Management Company Limited family office. Vinod Bholanath Rai joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sheela Swaminathan Krishnan	Associate director - operations	1 Apr 2001	Other	6515295
Sunil Laxmikant Aryamane	Associate director - customer service	1 Oct 2001	Other	6515297
Kenneth Sylvin Andrade	Chief investment officer	1 Sep 2005	Other	6515289
Vikram Mukund Limaye	Director	1 Apr 2006	Other	2787839
Sanjay Lakra	Head - legal & compliance	1 Mar 2009	Other	6320610
Kalpen Vijay Parekh	Chief executive officer	1 Dec 2010	Other	6514671
Eric Norman Ward	Director	1 Dec 2011	Other	6136334
Natixis Global Asset Management Asia Pte. Ltd.	Shareholder	1 Dec 2011	25% - 50%	foreign entity
Vishwavir Saran Das	Director	1 Oct 2012	Other	6520591
Ketav Yeshwant Chaphekar	Chief compliance officer	1 May 2013	Other	6515302
Idfc Financial Holding Company Limited	Shareholder	1 Jul 2015	75% - 100%	foreign entity
Anita Ramachandran	Director	1 Aug 2015	Other	6677726
Vishal Suresh Chand Kapoor	Chief executive officer	1 Sep 2016	Other	6784295
Rupesh Harishchandra Acharya	Chief financial officer	1 Oct 2016	Other	6784303
Sandeep Kanwal Prabhani	Chief operating officer	1 Nov 2016	Other	6784301
Sunil Sohan Lal Kakar	Director	1 Jul 2017	Other	6026891
Hemant Deendayal Agrawal	Chief operating officer	1 Nov 2017	Other	6981372
Vinod Bholanath Rai	Director	1 May 2019	Other	7148131

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bpce	Shareholder	1 Dec 2010	50% - 75%	foreign entity
Natixis	Shareholder	1 Dec 2010	75% - 100%	foreign entity
Natixis Global Asset Management	Shareholder	1 Dec 2010	75% - 100%	foreign entity
Natixis Global Asset Management Participations 1	Shareholder	1 Dec 2010	75% - 100%	foreign entity
Idfc Limited	Shareholder	1 Jul 2015	75% - 100%	foreign entity

Based in Mumbai

The principal office where Idfc Asset Management Company Limited performs its advisory services is located at One India Bulls Centre, 6 Th Floor, Mumbai, 400013, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 022-6628-9999 EXTN: 22737 or by fax 022-2421-5051. The normal business hours are 9:30 a.m. - 6:30 p.m. ist on Monday - Friday. You can find more information about the New York firm at idfcamc.in.