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Mutual funds of HDFC is on sell

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One of the largest asset management companies - HDFC Mutual funds will be transferring some of its portion to another firm as per the sources of www.propertykhazana.com . Confidential sources also reveal that the sole decision was taken owing to a pressure of the unit holders who alleged looking at the stressed realty sector from the last couple of years.
Sources of www.propertykhazana.com reveals that the assets which were been planned for the coming fiscal year has been on the sell deed amounting to a height of Rs. 650 crore to the group entity. But it is still unknown about the transferred documents which can be of varied series of policies ranging from the fix maturity plan to liquidity schemes. After a prolong search by various media groups, the secret is still in cover by the higher officials of the company.
According to the top officials of HDFC – “due to the constant worry of the realty circuit across the nation and its uncertainty many Mutual funds clients have approached with a request to transfer the documents to some other category”. Source of www.propertykhazana.com also reveals that compared to the realty meltdown, insurance class has a lesser pressure for the short term ethics. The transparency to the transfer deal to the group entities should also be maintained in order put an exceptional image of the realty finance organization as added by the analyst. For more realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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