Business JM Financial downgrades these 2 AMCs after 100% rally in last 7 months Updated : November 27, 2019 06:34 AM IST AMCs have had a strong run-up in the recent past, with HDFC AMC and RNAM up 119 percent and 91 percent respectively, since April 30, 2019. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.