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.
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 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.
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.
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.
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.