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Login Open ICICI 3-in-1 Account

Entry Price

28.00

Target

42.00

Recommend Date

14-08-2020

Return

50.0 %
BUY

Date : 14-08-2020

In 2014, IDFC Ltd received a license to set up a universal bank – IDFC Bank. To strengthen retail franchise, IDFC Bank, Capital First Ltd engaged in a merger to form IDFC First Bank in December 2018. Currently, IDFC Ltd holds 40% stake in IDFC First Bank. Apart from banking, IDFC Ltd owns a Mutual Fund (100% owned). Its AUM stands at | 103893 crore of which equity AUM – | 29609 crore as of March 2020