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AUM
Assets under management of non-banking financial companies specialising in gold loans are set to log a compound annual growth rate (CAGR) of about 40 per cent between this fiscal and next, surpassing Rs 4 lakh crore by March 2027, a report said. The surge will be driven by elevated gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked between fiscals 2023 and 2025, said the report by Crisil Ratings. Gold prices soared about 68 per cent in the first nine months of this fiscal year to an all-time high. "This enhances collateral values, enabling lenders to scale up disbursements," it said. Furthermore, amid the limited availability of credit from segments such as unsecured lending, borrowers are looking for other sources of funding. To capitalise on these lending opportunities, gold-loan NBFCs (both large and mid-size ones) have been expanding their market presence, despite stiff competition from banks, Crisil Rati
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