Explore Business Standard
AUM
Piramal Finance Ltd (formerly known as Piramal Capital & Housing Finance Ltd) on Friday said the company wants to achieve AUM size of Rs 1.5 lakh crore by 2028. "We want to build a business that is Rs 1.5 lakh crore in AUM, 3 per cent in return on assets and predictable in terms of profitability. We have spoken about that," Piramal Finance MD and CEO Jairam Sridharan said at the listing ceremony at NSE. The company achieved a 17 per cent growth in total Asset Under Management (AUM) from Rs 68,845 crore as of March 31, 2024, to Rs 80,689 crore as of March 31, 2025. The mix of total AUM across retail and wholesale segments improved to 80:20 as of March 31, 2025, from 70:30 as of March 31, 2024. Piramal Finance got listed at the stock exchanges earlier in the day following the merger of Piramal Enterprises with the former. As many as 22,66,77,700 shares of Rs 2 each were listed on stock exchanges at a price of Rs 1,260 a piece. Speaking at the event, Piramal Finance Chairman Anand ...
Financial services firm Choice International Ltd has strengthened its wealth management business with a series of acquisitions by adding Rs 635 crore in assets under management. The company, through its subsidiaries, has entered into definitive agreements to acquire the distribution business of the Fintoo Group, which includes wealth, insurance, alternative investment funds, and portfolio management services operated under Mihika Financial Services and Mihika Insurance Marketing Firm LLP, the company said in a statement on Thursday. This acquisition will bring in about Rs 300 crore assets under management (AUM). In addition, Choice has acquired Pune-based Glory Prime Wealth managing Rs 210 crore in AUM. The company has also formed a strategic business association with four mutual fund distributors in Himachal Pradesh, contributing Rs 125 crore in AUM, it added. "This investment aligns perfectly with our strategy of expanding Choice's presence across the wealth and investment ...
Capitalmind Mutual Fund on Monday announced that its first scheme, Capitalmind Flexi Cap Fund, has crossed Rs 100 crore in Assets Under Management (AUM), achieving the milestone in 35 days. In a statement, the company said its scheme had "surpassed Rs 100 crore in Assets Under Management as of August 22, 2025 " after launching the fund on July 18. By September 7, the scheme's asset base had crossed Rs 120 crore, driven by over 5,100 unique investors, more than 1,800 empanelled distributors and 1,600 systematic investment plan (SIP) transactions. "Crossing Rs 100 crore this quickly is a celebration of our community-- investors, partners, and our team -- who believe a systematic, evidence-based approach belongs at the centre of retail investing," Deepak Shenoy, CEO of Capitalmind Asset Management, said. Looking ahead, Capitalmind Mutual Fund said it will deepen SIP participation, strengthen platform and distributor integrations. In April, Capitalmind Financial Services secured final
Wealth management company Centricity WealthTech plans to double its AUM to Rs 20,000 crore by March 2026 and has hired 30 senior private bankers to cater to the needs of High Networth Individuals (HNIs) and Ultra HNIs, to achieve the target. The asset under management (AUM) reached Rs 10,000 crore last month and the company is hoping to increase this to Rs 18,000-20,000 crore by the end of the current fiscal, Centricity WealthTech CEO Manu Awasthy told PTI. So, he said, effectively, the AUM should double in eight months and various initiatives would be taken to achieve this target. As part of the expansion strategy, the company has onboarded 30 senior private bankers to deepen presence across India's top 70 cities. This marks a significant step in Centricity WealthTech's vision to democratize accessibility of best-in-class financial advice beyond the traditional metros, backed by its proprietary technology and growing physical footprint, he said. The newly onboarded senior private
Financial Services firm Poonawalla Fincorp is targeting above 40 per cent growth in its asset book on the back of expansion in products portfolio including gold loans. "We have given Asset Under Management growth guidance of 35-40 per cent this year. We hope to exceed our target as new product lines are gaining good traction," Poonawalla Fincorp MD and CEO Arvind Kapil told PTI. Poonawalla Fincorp registered a 53 per cent robust growth on annual basis in AUM at Rs 41,273 crore at the end of first quarter ended June 30, 2025. "We have close to 13 businesses and there are two noteworthy items that we have and we gave a declaration that we will be building AUM for the first four quarters and we will look at a guidance of sustained business profits thereafter which is a little different than how NBFC's have normally built," he said. The company's offerings include pre-owned car finance, personal loans, loans for professionals, business loans, loans against property, machinery loans, .
Non-bank lender Godrej Capital's assets under management have grown to about Rs 18,000 crore, and the company is targeting to close FY26 at over Rs 25,000 crore, a top official has said. Over the next two years -- FY27 and FY28 -- it plans to nearly double the AUM to Rs 50,000 crore, its managing director and chief executive Manish Shah told PTI. The company, in which parent Godrej Industries owns over 90 per cent stake, has sufficient capital right now as most of the capital committed by the group has already come in, he said. "Until such time as we list, the capital will come from the group. Most of it we have already received. We don't need a lot more capital over the next few years," Shah said. The parent firm has infused an additional Rs 285 crore into the company to increase its stake by 1.41 per cent to a total of 90.89 per cent. Shah said the company is also delivering profits now, which can be reploughed back into the business for asset growth, but made it clear that the
Hybrid mutual fund schemes attracted Rs 1.19 lakh crore in 2024-25, 18 per cent lower than the preceding fiscal, owing to market turbulence in the second half of FY25 triggered by corporate earnings slowdown and geo-political tensions. Despite the moderation in inflow, the category has seen a robust increase in both the number of investors and assets under management (AUM) during FY25 compared to those in the preceding fiscal, data with the Association of Mutual Funds in India (Amfi) showed. A key factor contributing to this resilience is the drawdown protection provided by the debt component of hybrid schemes. "The drawdown protection offered by the debt component of hybrid schemes is a key reason, as it allows investors to stay invested without the stress that comes with pure equity volatility. The NAVs (net asset valued) of hybrid funds typically experience lower drawdowns compared to equity funds, making them a preferred choice for investors seeking a more stable journey," Trive
Carnelian Asset Management & Advisors aims to increase its asset under management (AUM) to USD 2 billion by March next financial year, notwithstanding the current subdued market sentiment. The entity, which manages funds of high networth individuals, also plans to expand its reach in seven new cities during the next financial year. "We hope to touch AUM of USD 1.2 billion by this month end and USD 2 billion by the end of next financial year," Carnelian Asset Management & Advisors founder Swati Khemani told PTI. Asked if the subdued market sentiment has impacted fund flow, she said, most of the investors feel that this is a temporary phenomenon and it should be corrected during the course of next financial year. Most investors of Portfolio Management Services and Alternate Investment Funds are having deep pockets and their investment horizon is medium to long-term. To attract overseas money, Khemani said, Carnelian Asset Management & Advisors has set up an office in GIFT ...