Mirae Asset Investment Managers India hopes to close the current year with an AUM of Rs 1.5 lakh crore, up from Rs 1.20 lakh crore in December 2022, on the back of aggressive growth in systematic investments plans and its forte of equity-linked funds.
Mirae Asset is the only Korean fund operating in the country and since its entry in 2008, it has grown to become the 12th largest fund house in the country with an AUM of Rs 1.16 lakh crore as of February 2023.
Mirae Asset is fully-owned by the Mirae Financial Group of Seoul that globally manages over USD 225 billion assets.
Mirae, whose large-cap fund has an AUM of over Rs 30,000 crore, and an emerging fund with Rs 24,000 crore, has two subsidiaries in the country -- wealth management and a zero-brokerage equity broking arm.
As much as 90 per cent of its AUM are deployed in active equity funds, while the passive funds constitute Rs 3,000 crore, Swarup Mohanty, the chief executive of the fund house, told PTI.
"We're seeing good tract

Press Trust of India

Flaying the BJP-led Karnataka government for its decision to scrap the reservation for Muslims under Category 2B in the OBC list, the Congress declared on Sunday that it would restore the quota to the minority community in the event of the party coming to power in the State, where Assembly elections are due by May.
The Cabinet meeting on Friday also decided to split this quantum (four per cent) equally between Vokkaliga and Veerashaiva-Lingayats at two per each in jobs and admissions in educational institutions, which was welcomed by the two politically influential communities.
The government moved Muslims into the 10 per cent Economically Weaker Sections (EWS) pool.
President of the Karnataka Pradesh Congress Committee (KPCC) D K Shivakumar termed the step "unconstitutional"
"They (the government) think that reservation can be distributed like a property. It's not a property. It's a right (of minorities)",  he told reporters here. "We don't want their four per cent to be scrapped 

Dozens of people on Sunday joined Hong Kong's first authorised demonstration against the government since the lifting of major COVID-19 restrictions under unprecedentedly strict rules, including wearing a numbered badge around their necks.
The rules set out by the police, who cited security reasons, came as the financial hub was promoting its return to normalcy after years of anti-virus controls and political turmoil.
During the pandemic, protests were rare due to COVID-19 restrictions. In addition, many activists have been silenced or jailed after Beijing imposed a national security law following massive protests in 2019.
Critics say the city's freedom of assembly has been eroded.
Sunday's demonstration against the proposed reclamation and construction of rubbish-processing facilities was the first police-approved march of its kind after the city scrapped its mask mandate and social distancing limits.
But organizers had to comply with police requirements such as taking measures t

Claiming that India is witnessing a situation where politics of the extreme right is holding hands together with the greed of the super rich, CPI Rajya Sabha MP Binoy Vishwam asserted that they should be fought back at any cost.
The CPI leader urged all political parties in the country committed to democracy to come together to resist and defeat RSS and BJP, which he alleged are trying to undermine democratic norms of the country.
"India is witnessing a situation where the politics of the extreme right hold hands together with the greed of the super rich," he said, inaugurating the delegate session of the 30th conference of the Bengal Provincial Bank Employees' Association on Saturday.
Claiming that they together pose the "biggest threat" to democracy, secularism and the basic structures of the constitution, the CPI leader asserted that they should be fought back at any cost.
Vishwam said that the working class should understand the need for unity and struggle at this critical ...

Punjab Kings' star English cricketer Jonny Bairstow was on Saturday ruled out of the upcoming IPL and uncapped Australian batter Matthew Short has been named as his replacement.
The senior wicketkeeper-cum-destructive batter continues to recover from a leg injury he picked up last September.
"We regret to inform you that Jonny Bairstow will not be a part of the IPL this season because of his injury. We wish him the best and look forward to seeing him next season. We are pleased to welcome Matthew Short as his replacement," Punjab Kings said on their Twitter handle.
The England and Wales Cricket Board (ECB) refused to grant Bairstow a No Objection Certificate (NOC) to play in the IPL, starting March 31.
Bairstow is yet to recover completely from a leg injury, which he had sustained in September last year.
Bairstow had missed England's T20 World Cup-winning campaign and the following Test tours of Pakistan and New Zealand after sustaining multiple fractures following a freak injury 

Union Home Minister Amit Shah on Sunday lit into the Congress, alleging that it never remembered those who fought and sacrificed their lives for the liberation of Hyderabad from the brutal' Nizam rule.
Addressing a public gathering after inaugurating the Gorata Martyrs' Memorial and statue of the country's first Home Minister late Sardar Vallabhbhai Patel at Gorata village in the district, Shah also slammed the K Chandrasekhar Rao-led Telangana government for "hesitating" to celebrate the Hyderabad Liberation Day.
Recalling the horror of Gorata on May 9, 1948, the Union Minister said 200 people were massacred by the brutal" Nizam even though the country had become independent.
More than 200 people were massacred here in Gorata by the brutal Nizam but due to its appeasement policy, the Congress never remembered those who fought and sacrificed their lives for Hyderabad liberation only for its greed for vote bank, Shah said.
Paying his obeisance to Sardar Patel, he said had there not 

: The Congress in Telangana on Sunday began a day-long dharna at Gandhi Bhavan here against the disqualification of senior party leader Rahul Gandhi from the Lok Sabha.
Telangana Pradesh Congress Committee (TPCC) President, A Revanth Reddy, party MPs from the state, AICC incharge of party affairs in Telangana Manikrao Thakre and several leaders took part in the protest and expressed their solidarity with Rahul Gandhi.
The Congress leaders, addressed the 'deeksha' and condemned Rahul Gandhi's disqualification as an MP following his conviction by a Surat court in a 2019 criminal defamation case over his "Modi surname" remark.
The Lok Sabha Secretariat had in a notification said that his disqualification was effective from March 23 -- the day of his conviction.

Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields

Business Standard

Following his disqualification from the Lok Sabha, Congress leader Rahul Gandhi on Sunday changed his bio on Twitter where he described himself as a "Dis'Qualified MP".
He also wrote "Dis'Qualified MP" on his the official Wayanad Twitter account.
Gandhi was disqualified from the Lok Sabha on Friday, a day after a court in Gujarat's Surat convicted him in a 2019 defamation case. The disqualification will prevent Gandhi (52), a four-time MP, from contesting elections for eight years unless a higher court stays the conviction.
Even though Gandhi is yet to file a review petition, the Congress has said it would fight it legally and politically.

Catch all the latest updates from across the globe here

The theme of this year's World Water Day - marked annually on 22 March - is "Nature for Water", which "explores nature-based solutions (NBS) to the water challenges we face in the 21st century" according to the United Nations Environment Programme.The challenges are tough as the UN notes that currently 2.1 billion people "lack access to safely managed drinking water services," while an estimated 1.8 billion "use an unimproved source of drinking water with no protection against contamination from human faeces." Business Standard takes a look at the water challenges faced in India.

World Water Day: Photos that depict the water challenges in India

The theme of this year's World Water Day - marked annually on 22 March - is "Nature for Water", which "explores nature-based solutions (NBS) to the water challenges we face in the 21st century" according to the United Nations Environment Programme.The challenges are tough as the UN notes that currently 2.1 billion people "lack access to safely managed drinking water services," while an estimated 1.8 billion "use an unimproved source of drinking water with no protection against contamination from human faeces." On World Water Day, Business Standard takes a look at the water challenges faced in India.

World Water Day 2018: Photos that depict the water challenges in India

Here’s what the airlines don’t want you to figure out: All it takes is a little points savvy to experience luxurious seats for pennies on the dollar. And thanks to powerful credit cards such as Chase Sapphire Reserve and American Express Platinum, loyal flying may not be necessary. Here are the hacks that will get you into the five best cabins in the skies today.

Want to fly best first-class seats on top airlines at dirt-cheap rates? Try this

Here's what the airlines don't want you to figure out: All it takes is a little points savvy to experience luxurious seats for pennies on the dollar. And thanks to powerful credit cards such as Chase Sapphire Reserve and American Express Platinum, loyal flying may not be necessary. Here are the hacks that will get you into the five best cabins in the skies today.

Flying Officer Avani Chaturvedi has created history by becoming the first Indian woman fighter pilot to fly solo.

Meet Avani Chaturvedi: India's first-ever Indian woman to fly MiG-21 solo

Auto Expo 2018: Concept cars steal the show, two-wheelers not far behind

With national polls looming next year -- and possibly as early as late 2018 -- Finance Minister Arun Jaitley has rolled out a budget designed to help distressed farmers and rural areas while boosting growth, jobs and private investment.

Union Budget 2018: Here's a list of all the gainers and losers

69th Republic Day celebration at Rajpath on Friday at New Delhi

R-Day celebrations: India showcases military might, cultural diversity

Police deployment has been doubled around cinemas across India after the release of Sanjay Leela Bhansali's period drama 'Padmaavat' on Thursday.

Padmaavat row: High security around movie theatres amid violent protests

On February 1, all eyes will be on Finance Minister Arun Jaitley when he rises to present the Union Budget 2018-19 to the nation. Jaitley has his task cut out for the dwindling Indian economy which has decelerated due to note ban and GST,

Budget 2018: Meet the key men who will decide your taxes this year

The future is on display at the Detroit Auto Show - or at least the very-near future. Executives in natty suits (and the occasional sweater) are busy unwrapping a bevy of vehicles that will soon be in dealerships. Here are some of those exciting and eye-catching machines

Top eye-catching machines at the Detroit Auto Show

Prime Minister Narendra Modi on Sunday said Republic Day celebration in 2018 would be "remembered through the ages" because the government for the first time in India's history would host leaders of 10 Asean countries as chief guests on January 26.

These ASEAN leaders will attend India's 69th Republic Day celebrations

Puri (Odisha), March 22(ANI): West Bengal Chief Minister Mamata Banerjee on March 22 visited Puri’s iconic Jagannath Temple. While addressing the media persons, Mamata Banerjee said “I have offered prayers for Indians, people of Bengal and Odisha. I am very grateful that the flag that was there on the top of the temple is given to me.”

West Bengal CM Mamata Banerjee visits at Jagannath Temple in Puri

Puri (Odisha), March 22(ANI): West Bengal Chief Minister Mamata Banerjee on March 22 visited Puri's iconic Jagannath Temple. While addressing the media persons, Mamata Banerjee said "I have offered prayers for Indians, people of Bengal and Odisha. I am very grateful that the flag that was there on the top of the temple is given to me."

Chandigarh, March 22 (ANI): Amid the high-profile crackdown on the ‘fugitive’ pro-Khalistani radical leader Amritpal Singh by Punjab Police, political fumes in the Punjab Assembly is showing no signs of dousing. Congress on March 22 questioned that Punjab police are arresting his associates, but why are they failing to arrest Amritpal Singh. Speaking on this matter, Punjab Minister Brahm Shankar Jimpa said that this behaviour of Congress shows their character. “The character of congress came before people, why they are leaving the house and not being able to face it. It is a request to Shiromani Akali Dal to not do any politics for the peace of Punjab. People of Punjab will never tolerate this,” Punjab Minister said.

Punjab Minister launches bittering attack on Congress over leaving Parliament session

Chandigarh, March 22 (ANI): Amid the high-profile crackdown on the 'fugitive' pro-Khalistani radical leader Amritpal Singh by Punjab Police, political fumes in the Punjab Assembly is showing no signs of dousing. Congress on March 22 questioned that Punjab police are arresting his associates, but why are they failing to arrest Amritpal Singh. Speaking on this matter, Punjab Minister Brahm Shankar Jimpa said that this behaviour of Congress shows their character. "The character of congress came before people, why they are leaving the house and not being able to face it. It is a request to Shiromani Akali Dal to not do any politics for the peace of Punjab. People of Punjab will never tolerate this," Punjab Minister said.

New Delhi, March 22(ANI): Indian boxer Nikhat Zareen won the quarter-finals of Women’s World Boxing Championship against Chuthamat Rakshit of Thailand. While addressing the media persons on March 22, she expressed her happiness over winning the bout and confirming a medal for India.“It was a very close match but I won the match. I am very happy to confirm a medal for my country. Tomorrow I will have a semi-final match,” said Nikhat Zareen.

Anti-India protests by Khalistanis outside the Indian HC in London; Metropolitan police on guard

New Delhi, March 22(ANI): Indian boxer Nikhat Zareen won the quarter-finals of Women's World Boxing Championship against Chuthamat Rakshit of Thailand. While addressing the media persons on March 22, she expressed her happiness over winning the bout and confirming a medal for India."It was a very close match but I won the match. I am very happy to confirm a medal for my country. Tomorrow I will have a semi-final match," said Nikhat Zareen.

Puri (Odisha) March 22 (ANI): West Bengal Chief Minister Mamata Banerjee on March 22 reviewed ‘Bhakta Niwas’ building construction area for West Bengal devotees in Puri. CM Mamata Banerjee is on a three-day visit to Odisha. “Tourists from Bengal come to Odisha. West Bengal devotees in huge numbers visit Odisha and sometimes, they don’t find places to stay and they wander to places. I am grateful that Naveen Ji announced me the State guest. This time we are staying in the Rural development building. I, myself tried to find a room in a hotel but was unable to get it. So, more hotels need to be made in Puri to stay. This is a must thing,” CM Mamata said.

CM Mamata reviews ‘Bhakta Niwas’ building construction area in Odisha

Puri (Odisha) March 22 (ANI): West Bengal Chief Minister Mamata Banerjee on March 22 reviewed 'Bhakta Niwas' building construction area for West Bengal devotees in Puri. CM Mamata Banerjee is on a three-day visit to Odisha. "Tourists from Bengal come to Odisha. West Bengal devotees in huge numbers visit Odisha and sometimes, they don't find places to stay and they wander to places. I am grateful that Naveen Ji announced me the State guest. This time we are staying in the Rural development building. I, myself tried to find a room in a hotel but was unable to get it. So, more hotels need to be made in Puri to stay. This is a must thing," CM Mamata said.

CM Mamata reviews 'Bhakta Niwas' building construction area in Odisha

New Delhi, Mar 22 (ANI): In view of the recent surge in COVID cases in the country, Prime Minister Narendra Modi will hold a high-level meeting today to review the Covid-related situation and public health preparedness. India recorded 1,134 new cases recorded in the last 24 hours, with the active caseload currently at 7,026, stated the Ministry of Health and Family Welfare. Earlier on Tuesday, the national capital recorded one Covid death and 83 fresh cases amid the rising Covid-19 cases in neighbouring Maharashtra. On March 19, the Ministry of Health and Family Welfare also issued revised guidelines for Covid-19 in the wake of the surge of cases.

PM Modi chairs high-level meeting to review COVID-related situation

New Delhi, March 22 (ANI): On March 22, Delhi Chief Minister Arvind Kejriwal promised that the Aam Aadmi Party government will clean the Yamuna river and that he will take a dip in it ahead of the next Assembly elections. Addressing the media persons, Kejriwal said that the government has prepared a six-point action plan to clean the Yamuna river. "A 6-point action plan has been formed to clean Yamuna...Before the next election in 2025, I will take a dip with you in Yamuna. The three landfills (in Delhi) will be cleared by December 2024,” he said.

“Will clean Yamuna before 2025 election, will take dip…” Kejriwal’s promise for 2025 Delhi polls

New Delhi, March 22 (ANI): On March 22, Delhi Chief Minister Arvind Kejriwal promised that the Aam Aadmi Party government will clean the Yamuna river and that he will take a dip in it ahead of the next Assembly elections. Addressing the media persons, Kejriwal said that the government has prepared a six-point action plan to clean the Yamuna river. "A 6-point action plan has been formed to clean Yamuna...Before the next election in 2025, I will take a dip with you in Yamuna. The three landfills (in Delhi) will be cleared by December 2024," he said.

"Will clean Yamuna before 2025 election, will take dip…" Kejriwal's promise for 2025 Delhi polls

Jaipur (Rajasthan), 22 March (ANI):  Chief Minister Ashok Gehlot inaugurated the Rajasthan International Expo at Boranada in Jodhpur. On this occasion, the Chief Minister honoured 20 exporters who have bagged Rajasthan Export Award-2021 for remarkable work in the field of exports. During the expo, the Chief Minister said that due to the excellent industrial policies and programs of the state government, export and investment have increased in Rajasthan. The export of 50 thousand crore rupees done in the year 2022-23 is the result of the efficient management of the state government.Along with this, the Chief Minister said that the MSME policy has been implemented by the government in the state. Due to this, more than 16 thousand industrial units have been established in the state so far. Under the MSME Establishment and Facilitation Act, no government permission is required for 5 years to start an industry in the state. This provision made by the government has increased the number of s

Chief Minister Ashok Gehlot inaugurates Rajasthan International Expo

Rajasthan has best environment for investment and export: CM Gehlot

New Delhi, March 22(ANI): TMC Leader Dola Sen on March 22, reacted to Kailash Vijayvargiya’s remark on post-partition India. She said Kailash Vijayvargiya does not know the true meaning of India. She also said that there was no predecessor of the BJP in the freedom movement. While speaking to ANI, Dola Sen said “There was no predecessor of the BJP in the freedom movement. Whoever went to jail, wrote letters apologising and came out. He (Kailash Vijayvargiya) does not know the true meaning of India.”

Dola Sen condemns Kailash Vijayvargiya’s remark, says there was no BJP during freedom movement

New Delhi, March 22(ANI): TMC Leader Dola Sen on March 22, reacted to Kailash Vijayvargiya's remark on post-partition India. She said Kailash Vijayvargiya does not know the true meaning of India. She also said that there was no predecessor of the BJP in the freedom movement. While speaking to ANI, Dola Sen said "There was no predecessor of the BJP in the freedom movement. Whoever went to jail, wrote letters apologising and came out. He (Kailash Vijayvargiya) does not know the true meaning of India."

Dola Sen condemns Kailash Vijayvargiya's remark, says there was no BJP during freedom movement

New Delhi, March 22 (ANI): Indian Boxer Nitu Ghanghas assured India a medal after reaching semifinals in Women's World Boxing Championship 2023. Confident pugilist said that she wants to win the gold medal. "My performance today bodes well for the coming matches as well. I played watching, and I took an aggressive approach in the end. I want to win the gold medal," she said.

Indian Boxer Nitu Ghanghas eyes gold after winning quarterfinals in Women’s Boxing World C’ships

Indian Boxer Nitu Ghanghas eyes gold after winning quarterfinals in Women's Boxing World C'ships

Business News: Get latest stock share market news, financial news, budget 2023 news, economy news, company news, politics news, India news, breaking news at Business Standard. Catch Nifty Sensex Live updates.

Displaying categorized search results for, "asset-allocation" Advance Search

Displaying categorized search results for, "asset-allocation"