HDFC AMC’s outgoing MD Milind Barve on leadership and how Deepak Parekh inspired him Barve says he has tried to make the culture at HDFC AMC as close as possible to that of HDFC’s Milind Barve, MD, HDFC AMC Milind Barve, 63, will retire from HDFC AMC on February 15, 2021. Barve has spent 20 years as the founding managing director at one of India’s the largest mutual fund houses. In a chat with Jash Kriplani and Kayezad Adajania, Milind Barve traces his journey with HDFC AMC and HDFC Ltd. Playing the boss Many people talk arrogantly and are seen as effective bosses. That is not my definition of an effective boss. You have to be aggressive in your thought process, you have to be aggressive in your strategies and how you drive people to achieve them.