Myriad Asset Management Exits HDFC Bank, Sells 49,580 Shares for $3.29 Million

Myriad Asset Management US LP fully divested from HDFC Bank Limited in Q2 2025, selling 49,580 shares for $3.29 million. The exit reduced the firm's holdings to 36, with no remaining exposure to HDFC Bank. The top five holdings after the filing include iShares MSCI Emerging Markets Ex China ETF and iShares Core MSCI Emerging Markets ETF, accounting for 91.1% of AUM.

Myriad Asset Management US LP has fully divested from HDFC Bank Limited (NYSE: HDB) in Q2 2025, selling 49,580 shares for $3.29 million. This exit reduced the firm's holdings to 36, with no remaining exposure to HDFC Bank. The top five holdings after the filing include iShares MSCI Emerging Markets Ex China ETF (EMXC) and iShares Core MSCI Emerging Markets ETF (IEMG), accounting for 91.1% of AUM [1].

The transaction represented 2.2% of 13F reportable AUM for the quarter ended Q2 2025. HDFC Bank stock closed at $76.01 on July 14, up 25.8% over the past year, outperforming the S&P 500 by 14.3 percentage points [1]. The dividend yield was 1.02% as of July 14, 2025; the forward P/E ratio stood at 23.7x [1].

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹4.88 lakh on HDFC Bank Ltd for a breach of foreign investment norms while sanctioning a term loan to a client [2]. This penalty underscores the stringent regulatory environment in India. HDFC Bank remains under scrutiny for compliance with banking and digital lending norms [2].

Myriad Asset Management's top five holdings after the filing (as of June 30, 2025) are iShares MSCI Emerging Markets Ex China ETF ($79.53 million), iShares Core MSCI Emerging Markets ETF ($57.92 million), Vanguard International Equity Index Funds (VEU) ($38.86 million), Taiwan Semiconductor Manufacturing (TSM) ($12.92 million), and MercadoLibre (MELI) ($8.53 million) [1].

References:

[1] https://www.nasdaq.com/articles/myriad-exits-hdb-dumps-49580-shares
[2] https://the420.in/rbi-penalty-hdfc-shriram-finance-compliance-violations/
[3] https://currentaffairs.adda247.com/rbi-fines-hdfc-bank-and-shriram-finance-for-breaking-rules/
[4] https://www.marketscreener.com/quote/index/MSCI-EMERGING-MARKETS-107361476/news/Ashmore-s-assets-rise-to-47-6-billion-as-emerging-markets-shine-50498494/