Mirae Asset

Be mindful that these funds do not have a track record, and changing market conditions can render a model obsolete

Mirae and Tata among fund houses set to offer retail schemes from Gift-IFSC as clarity on regulation and tax drives investor interest in overseas diversification

EW index-based funds can be more volatile due to exposure to smaller companies

Mirae Asset Mutual Fund (MF) on Monday launched two exchange traded funds (ETFs) - BSE Select IPO ETF and BSE 200 Equal Weight ETF

The NFOs include, Mirae Asset BSE Select IPO ETF, Mirae Asset BSE Select IPO ETF Fund of Fund, Mirae Asset BSE 200 Equal Weight ETF, and Mirae Asset BSE 200 Equal Weight ETF Fund of Fund

The fund house cited a surge in investment opportunities as the reason behind the decision

The Nifty200 Alpha 30 index consist of 30 stocks which are selected from its parent Nifty 200 index based on 'Jensen's Alpha'. The weight of stocks in the index is based on their alpha scores.

From a long-term perspective, however, the focus, Mirae Asset said, would be on infrastructure development, farm laws, skill development, and creating employment

"There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana, chief investment officer - equity at the firm

While the industry has always had large and midcap funds, there is no scheme that offers exposure only to mid- and smallcap stocks

Paris-headquartered BNP had acquired 100 per cent equity of Sharekhan from a clutch of investors in 2015

IDBI Capital and Mirae Asset have been appointed as the merchant bankers for the listing

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Mirae Group entities' acquisition of a minority stake in Shadowfax Technogies. The Mirae Group entities undertake venture investments and are ultimately directly or indirectly controlled by the global investment manager Mirae Group. "The commission approves the proposed acquisition of minority stake in Shadowfax Technologies Private Limited by the Mirae Group Entities," according to a post by CCI on social media platform X on Tuesday. Shadowfax Technologies provides logistics services, and third party (3P) logistics services in the country. The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively

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Mirae Asset Capital Markets India, the broking arm of a Korean fund house, on Monday said it has received a fresh capital infusion of Rs 1,240 crore from its parent, bolstering its growth capital. With this latest capital injection, Mirae Asset India has received a total funding of Rs 3,190 crore, reflecting the parent's belief in the growth potential of this market, apart from reinforcing the Korean fund house's commitment to expanding its presence in the country. Mirae Asset is poised to provide high-quality services and disrupt the market with its tech-driven approach at its retail stock broking arm m.Stock. In a little over a year, m.Stock has generated Rs 1.4 lakh crore in turnover on its platform from 2.5 lakh paid accounts and 65 per cent active clients. Since the launch of its margin trading facility last July, the feature has reported a book size of over Rs 270 crore, largely due to the competitive rates, which range from 6.99 -9.49 per cent per annum. According to Robinso

Mirae Asset Financial Services on Wednesday said it has inked a pact with FundsIndia to provide loans against securities. This credit facility is available on FundsIndiainvestorplatform and soon will be released on their partner platform as well, a joint statement said. FundsIndia partners will also be able to offer the product to their investors digitally via the FundsIndia partner platform, it said. As part of the deal, investors will be able to pledge their mutual fund units of different asset management companies (AMCs) to avail loans against mutual funds, it said. Customers can also pledge shares from a large list of approved shares held in demat account with NSDL only, it said. The investors will get the option of creating an overdraft facility against their mutual funds and shares on the FundsIndia portal at 9 per cent pa and with a fixed processing fee of Rs 999 plus taxes that will help them manage their liquidity without redeeming their investments, it said.

Despite several innovative tech FoF applications with Sebi, only one hits the market

Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app

Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks