Yes, you have read it correctly. India’s largest mutual fund is coming out with its own IPO and we have strong reasons to believe that it is a good long term investment. HDFC group has touched us in many ways – either through its bank account or its home loan or its insurance products or its mutual funds. Each of these businesses (bank, home loan & insurance) have created immense wealth for its shareholders and this IPO will be no different. Investment Arguments 1. Lowpenetration of eq...