Page 2 - Asset Management

Nandan Nilekani says Finternet to go live in 2026 using AI, tokenisation

Infosys co-founder says India's next digital public infrastructure will unify tokenised assets such as land, property, and bonds under a regulatory framework

Aggressive hybrid funds suit moderate-risk investors with long-term goals

Such funds are not entirely immune to volatility due to their considerable equity allocation

CVC in talks to buy KKR's stake in Avendus after Mizuho deal falters

A sale would mark one of the larger pvt equity exits in India's financial services sector, signaling strong investor appetite for country's fast-growing capital markets and wealth management industry

Jio Financial, Germany's Allianz form JV to set up reinsurance business

Jio Financial Services Ltd (JFSL) on Tuesday said the company and Allianz of Germany have incorporated a joint venture company named 'Allianz Jio Reinsurance Ltd' (AJRL) to carry on the business of reinsurance in India. The company AJRL will invest an amount of Rs 2.50 lakh towards initial subscription of 25,000 equity shares of face value Rs 10 each for 50 per cent stake, JFSL said in a regulatory approval. AJRL has been incorporated pursuant to receipt of no objection certificate from Insurance Regulatory and Development Authority of India, it said. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, by email, on September 8, 2025, it added. Both the companies on July 18, had announced a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance

360 ONE buys 50% stake in Brookfield's mixed-use development for ₹2,400 cr

360 ONE Asset buys a 50% stake in Bluegrass Business Park from Brookfield for Rs 2,400 crore, marking a significant real estate deal in Pune's commercial sector

IBC Bill proposed wider look-back period for preferential transactions

Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process

Nuvama upbeat on AMCs, RTAs; backs HDFC AMC, Nippon Life, KFin; here's why

The brokerage expects asset management companies (AMCs) and registrar and transfer agents (RTAs) to post a recovery in quarterly earnings, supported by steady inflows and stable equity markets.

Capitalmind gets Zerodha's Rainmatter backing after MF debut success

Capitalmind secures Series-A funding from Zerodha's Rainmatter after raising ₹45 crore in its mutual fund NFO. The Flexi Cap Fund reopens as Capitalmind targets retail and HNI investor segments

Q1 show brightens outlook for MF firms; analysts expect stocks to gain

In Q1, three of the four AMCs registered double-digit profit growth compared to the same quarter last year

360 ONE Asset launches Multi Asset Allocation Fund: Who should invest?

360 One Multi Asset Allocation Fund is an open-ended scheme investing in a diversified portfolio of equities, debt, and commodities

UTI AMC Q1 results: Profit falls 7% to ₹237 cr; revenue rises 3% to ₹547 cr

UTI Asset Management Company (AMC) on Thursday posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing. "Q1 FY26 has offered a strong start to the financial year both for UTI AMC as well as the mutual fund industry. At the company level, we have seen a notable growth in AUM and steady SIP inflows depicting a progressive curve in the last quarter," Imtaiyazur Rahman, Managing Director & Chief Executive Officer, said. As of June 2025, the total group assets under management (AUM) for UTI AMC stood at Rs 21.93 lakh crore. UTI Mutual Funds' quarterly average asset base was at Rs 3.61 lakh crore.

Sebi proposal to allow AMCs to manage family office funds sparks debate

Sebi's plan to let AMCs manage non-broad-based pooled funds without PMS licences has sparked debate over regulatory parity, competitive fairness, and market safeguards

FundsIndia names Akshay Sapru as Group CEO to lead strategic growth

Digital platform for mutual funds and investment solutions provider FundsIndia has appointed Akshay Sapru as its Group Chief Executive Officer, the company said on Saturday. FundsIndia is backed by private equity firm WestBridge Capital, a majority stakeholder in the city-based firm. On his new role, Akshay Sapru would report to the Board of Directors and lead the company's strategic direction and growth across all verticals, FundsIndia said in a company statement. With a career spanning over 27 years in the banking, financial services and insurance (BFSI) sectors, Akshay Sapru brings a wealth of domain knowledge and multifaceted leadership skills to FundsIndia. His expertise covers a broad spectrum, including retail banking, private wealth management, sales and digital innovation, it said. WestBridge Capital's Managing Partner Sandeep Singhal said, "His rich experience and strategic mindset will play a vital role in accelerating FundsIndia's growth journey and help the firm delive

Sebi proposes relaxation for AMCs opening doors for business expansion

The proposed relaxations of the MF regulations come along with several guardrails to address conflict of interest situations and ring-fencing

JioBlackRock raises ₹17,800 cr in debut NFO, enters India's top 15

The Jio-BlackRock joint venture raised ₹17,800 crore across three debt funds, securing over 67,000 retail and 90 institutional investor

Momentum funds may deliver high long-term returns for aggressive investors

With improving market conditions and clearer sector trends, experts say momentum-based index funds could suit investors willing to take short-term volatility

NARCL's stressed asset acquisitions set to cross ₹1.68 trillion

The NARCL has been set up to clean up the legacy stressed assets with an exposure of ₹500 crore and above in the Indian banking system

Piramal Enterprises sees asset under management crossing ₹1 trn in FY26

Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 lakh crore during the current financial year on the back of strong performance. The consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM). "With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he said. In FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 lakh crore, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 8085 per cent of total AUM." During the 2024-25, Piramal Capital & ..

Sebi extends portfolio rebalancing timelines to all passive breaches in MFs

Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs). Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. Such breaches may be caused by corporate actions, significant price movements in underlying securities, maturity of instruments, or large-scale investor redemptions. The clarification came in the wake of a recommendation made by the Mutual Funds Advisory Committee (MFAC) and is aimed at ensuring consiste

Wealth Company launches Bharat Bhoomi Fund with ₹1,000 cr green shoe

The Rs 1,000 crore Bharat Bhoomi Fund will invest in infra-aligned sectors and real estate opportunities across India's high-growth urban and connectivity corridors