Today HDFC AMC shares are getting hammered due to SEBI’s decision to cut Mutual Fund management fees.
What is interesting is that the employees probably knew this was coming and sold well in advance.
HDFC AMC saw huge subscription in its IPO
+50% from issue price
-17% from peak
Some employees (including Fund Managers) have been bookin profits in D open mkt
— Nigel D'Souza (@Nigel__DSouza) September 17, 2018