Asset Management Companies

Nomura bets on HDFC AMC, NAM amid strong AUM, operating profit growth hopes

Over the past month, shares of HDFC AMC and NAM have rallied 13 per cent and 16 per cent, respectively, BSE data showed.

South Africa's Sanlam to become co-promotor at Shriram AMC with 23% stake

Sanlam joins as co-promoter of Shriram AMC, infusing ₹105 crore to boost quantamental investing and product innovation in India

Correction in stock prices of AMCs turns risk-reward more favourable

The recent correction in AMC stocks follows a sharp rally driven by record gains in assets under management (AUMs), fuelled by the equity market surge, particularly among leading AMCs

Asset Management Company shares rally up to 7% on HDFC AMC's strong Q3 nos

Shares of HDFC AMC surged 6% to Rs 4,112.90 after the company' profit after tax grew 30.8% annually to Rs 641.8 crore, despite other income declining 34.5% YoY in Q3FY25

Mutual funds raise Rs 1.18 trn via NFOs in 2024; thematic funds lead

Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022. The NFO landscape expanded from 81 offerings in 2020 to 239 in 2024, besides, the funds raised through the space more than doubled from Rs 53,703 crore in 2020. The trend suggests a strong growth trajectory and heightened investor confidence. Usually, NFOs come during a surging market when investor sentiments are high and optimistic. The NFOs were floated to capitalise on the mood of investors and attract their investment as they were willing to invest at that time. Industry experts said the stock market performance along with the positive investor sentiments led to higher fund mobilisation through NFOs in 2024. In the entire

Sebi eases rules for AMCs' scheme documents, cuts upload time to 8 days

Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs. Earlier, AMCs had to upload draft Scheme Information Documents (SIDs) on Sebi's website for 21 working days to receive public comments. Over time, the regulator has standardised and updated the format and content of SIDs to improve investor communication. In its circular, Sebi said the requirement to upload draft SIDs on the regulator's website has been reduced to 8 working days. AMCs can file final offer documents (SID and KIM) after this period. These changes are effective immediately, the Securities and Exchange Board of India (Sebi) said.

Rural MF investors rise; B-30 leads SIP count with 42 million accounts

The top 30 cities with the highest MF investments are referred to as T-30, while the rest of the country falls under the B-30 classification

Market regulator Sebi mulls tweaks to mutual fund NFO filing process

Move to address concerns around AMCs losing first-mover advantage due to public disclosure

UTI AMC stock hits new high in weak market on healthy Q2; up 66% since Apr

In past three days, the stock surged 18% after UTI AMC reported a 31% YoY jump in PAT at Rs 239 crore for Q2FY25, led by steady revenue yield and moderation in the expense ratio.

Sebi plans half-yearly disclosures for direct plan mutual fund schemes

Also proposes colour-coded risk-o-meter

Vedanta to progress from being asset manager to asset owner: Anil Agarwal

The proposed demerger of Vedanta's diverse verticals that represent more than 15 commodities, will see the company progress from being asset managers to asset owners, Chairman Anil Agarwal has said. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. "Our expansionary moves are aligned with our business model transformation. The upcoming demerger of our diverse verticals that represent more than 15 commodities, will see us progress from being asset managers to asset owners," Agarwal said in a latest report. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as world leaders in each of its verticals, the Chairman said. Diversified natural resources company Vedanta Ltd has filed the demerger scheme with the National Company Law .

Market regulator Sebi proposes MF Lite regulations for passive AMCs

Existing asset management companies (AMCs), which offer both active and passive funds, will also have the option of hiving off the passive business to a separate entity under the new MF Lite norms

Large MFs less likely to confront promoters in voting on resolutions

Fund houses are becoming assertive in general and the trend could be helping corporate governance

BlackSoil's FY24 disbursement grows 40%; firm exited 18 deals, entered 36

The company's year-on-year disbursement grew by 110%, and its Assets Under Management (AUM) increased by nearly 50 per cent year-on-year

Nippon Life Q4 results: AMC reports 73% rise in profit, revenue rise 34%

Shares of the company closed at Rs 586, with a gain of Rs 24, or 4.3 per cent

AMCs likely to report strong gains in Q4FY24 on back of AUM growth

The share prices of listed asset management companies have outperformed the benchmark Sensex and analysts remain positive on the sector

Brookfield in talks to buy majority stake in credit manager Castlelake

Castlelake, an alternative investment firm, has about $22 billion in assets under management and invests in sectors such as specialty finance and aviation, according to the company website

IPO disclosures in AV format; SCI's demerged entity makes debut, and more

Shares of Popular Vehicles and Services, an automobile dealership firm, fell by over 6 per cent during their trading debut on Tuesday

Stress disclosures on small, mid-cap funds by AMCs from March: Report

In a bid to maintain stability, instil investors' confidence and enhance transparency, market regulator SEBI and AMFI, a body representing the mutual fund industry, have directed fund houses to provide additional disclosures for small and mid-cap funds from this month, officials said. The additional disclosure parameters for mutual fund managers include valuation, volatility, investor concentration and stress tests, they said. "We have instructed AMFI to direct AMCs to disclose certain additional data points relating to valuation, volatility, investor concentration, and the percentage holding in small and mid-cap stocks, along with disclosures on stress testing results," SEBI wholetime member Amarjeet Singh said at an event organised by Indian Chamber of Commerce. The stress test results are expected to reveal the time it may take for Asset Management Companies (AMCs) to liquidate securities equivalent to 25 per cent and 50 per cent of the Assets Under Management (AUM) of the scheme

AMCs may allow trail commission to mutual fund distributors: Amfi

Commission by Asset Management Companies to the New Distributor Upon a Change by the Investor