HDFC (Housing Development Finance Corporation Limited) is one of the dominant players in the Indian mutual fund space. HDFC was incorporated in 1977 as the first specialised mortgage company in India. HDFC Mutual Funds are handled by HDFC Asset Management Company Limited. HDFC Asset Management Company was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an Asset Management Company for the Mutual Fund by SEBI on July 3, 2000. The company also provides portfolio management / advisory services.