25 August Emerging Markets

HDFC Bank Limited

338 GEM Equity Funds, AUM $450bn

HDFC Bank Limited

Record Ownership and Dominance Among EM Financials

HDFC Bank has cemented its role as the dominant emerging market bank holding, with ownership at a record 71% of EM funds — the highest in our 17-year history. Broad-based inflows and strong conviction from Growth managers have reinforced its status, while the post-merger with HDFC Ltd. has widened the gap over ICICI Bank and regional peers. Today, HDFC Bank stands as a strategic core holding, central to global EM managers’ financials exposure.

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