HDFC AMC is one of Indias largest mutual fund managers with USD 54 dollars in assets under management as on 31 March, 2021. Started in 1999, it was set up as a joint venture between Housing Development Finance Corporation Limited (_HDFCÓ) and Standard Life Investments Limited (_SLIÓ). During FY18-19 it carried out an initial public offering, and became a publicly listed company in August 2018. Currently, 26.1% of the company is owned by the public.