IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest mutual fundÂ houses in India. In a relatively short span of time, it has developed a robust network to deliver consistent value to its investors across India.
IDFC AMC is among the few fund houses to get an ISO 9001:2000 certification for its entire range of customer service activities.
IDFC Ltd. (IDFC) and Natixis Global Asset Management (NGAM) have entered into a strategic partnership in IDFC AMC. This partnership will give IDFC AMC the ability to offer domestic investors access to international investment opportunities through investment products managed by NGAM. Natixis Global Asset Management is one of the largest asset managers in the world based on assets under management.
Natixis is the corporate, investment and financial services arm of BPCE, the second-largest banking group in France with 22% of total bank deposits and 37 million clients spread over two networks, Banques Populaires and Caisses dâ€™Epargne.
Pursuant to RBIâ€™s requirements for banking license, IDFC Ltd. on July 9, 2015 has transferred its shareholding in IDFC Asset Management Company Ltd. to IDFC Financial Holding Company Limited, a Non-Operative Financial Company, which is a wholly owned subsidiary of IDFC Ltd. Even after the transfer, IDFC continues to be the sponsor of IDFC Mutual Fund and also continues to hold controlling interest in IDFC AMC.