HDFC Asset Management Company Interview Questions, Process, and Tips

Q1. Market knowledge and full experience
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Q1. Full experience and market knowledge
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Q1. Same as round 1
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Q1. Same as round 1
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Q1. Same as round 1
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Q1. Salary Negotiation at least hike
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Q1. Generally on mutual funds
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Q2. Question on Stock market
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Q1. Basic introduction
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Q2. Depth interview on equity market
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Mutual Fund knowledge

Q1. Expected salary
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Q1. Indian economy, Market outlook, future prospects, Indian MF industry
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Q2. Industry market share , Branch sip book , Top mfd and related market share question
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Q1. Asks about your self
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Q2. Your previous experience
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Q1. 2 round with Head of the department
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Q2. Asks about your previous experience
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Q1. What is the NAV applicability of liquid fund?
Ans. 
NAV applicability in liquid funds determines the price at which units are bought or sold, impacting investor returns.
• NAV (Net Asset Value) is calculated at the end of each trading day for liquid funds.

• Investors can buy or redeem units at the NAV applicable on the same day if the transaction is made before the cut-off time.

• For example, if the cut-off time is 2 PM and an investor redeems units at 1:30 PM, they receive th...read more
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Q2. What is the procedure for the transmission of units?
Ans. 
Transmission of units involves systematic steps to ensure accurate and efficient transfer of information or materials.
• Identify the units to be transmitted, such as equipment or data.

• Prepare the necessary documentation, including transfer forms and inventory lists.

• Ensure proper packaging and labeling for physical units to prevent damage.

• Coordinate with relevant departments for approval and scheduling of the transmission...read more
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Q3. What is the difference between a flexi cap fund and a multi cap fund?
Ans. 
Flexi cap funds invest across market caps, while multi cap funds maintain a balance among large, mid, and small caps.
• Flexi cap funds can invest in any market capitalization, allowing for greater flexibility.

• Multi cap funds are required to invest in a mix of large, mid, and small cap stocks.

• Example of a flexi cap fund: Kotak Flexi Cap Fund.

• Example of a multi cap fund: Parag Parikh Long Term Equity Fund.

• Flexi cap funds m...read more
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Q4. What is the Foreign Account Tax Compliance Act (FATCA)?
Ans. 
FATCA is a U.S. law aimed at combating tax evasion by requiring foreign financial institutions to report U.S. account holders.
• FATCA was enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act.

• It requires foreign financial institutions (FFIs) to report information about financial accounts held by U.S. taxpayers.

• FFIs that do not comply with FATCA may face a 30% withholding tax on certain U.S. so...read more
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Q5. What is the Association of Mutual Funds in India (AMFI)?
Ans. 
AMFI is the regulatory body for mutual funds in India, promoting transparency and investor education.
• Established in 1995 to promote mutual funds in India.

• Acts as a self-regulatory organization for mutual fund companies.

• Ensures adherence to regulations set by SEBI (Securities and Exchange Board of India).

• Provides a platform for mutual fund distributors and investors.

• Conducts investor education programs to enhance awaren
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Q6. How does the price of curd oil impact the Indian economy?
Ans. 
Curd oil prices influence inflation, agricultural costs, and consumer spending in the Indian economy.
• Curd oil is used in various food products, affecting food inflation.

• Higher curd oil prices increase production costs for dairy farmers.

• Increased prices can lead to reduced consumer spending on non-essential items.

• Curd oil is a key ingredient in traditional Indian cooking, impacting dietary choices.
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Q7. What is a swap in the context of derivatives?
Ans. 
A swap is a financial derivative where two parties exchange cash flows based on different financial instruments.
• Swaps are commonly used to manage interest rate risk, currency risk, or commodity price risk.

• In an interest rate swap, one party pays a fixed interest rate while receiving a variable rate, and vice versa.

• For example, Company A pays a fixed rate of 5% on a loan, while Company B pays a variable rate based on LI...read more
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Q8. What is the settlement period for redemption in a debt fund?
Ans. 
The settlement period for redemption in a debt fund is the time taken to process and complete a redemption request.
• Typically, the settlement period ranges from 1 to 3 business days.

• For example, if a redemption request is made on a Monday, the funds may be available by Wednesday or Friday.

• The exact period can vary based on the fund's policies and the type of debt instruments held.

• Some funds may offer same-day settlement
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