Page 6 - Asset Management

Vivriti seeks $250 mn for India's debut ABS private debt investment

"It will be a performing private credit, which is targeting a rupee return of 11%-12% for its investors, implying a dollar return of anywhere between 7% to 8%," Sukumar said

MF's NFO collection drops 42% to Rs 62,342 cr in FY23; AMCs float 12 NFOs

Hit by markets regulator Sebi's ban on the launch of new fund offerings, mutual funds' collection through fresh schemes remained subdued at Rs 62,342 crore in 2022-23, which was 42 per cent lower than in the preceding fiscal. However, a higher number of NFOs were launched in 2022-23 (FY23) compared to the preceding year. A total of 253 new schemes were floated in FY23, which was way higher than 176 new fund offers (NFOs) launched in 2021-22, according to the data compiled by Morningstar India. Moreover, in the current fiscal so far, AMCs have floated 12 NFOs in different categories, the industry data stated. In the past fiscal year, fund managers focused on passive funds and fixed income categories like fixed maturity plans. As per the data, a total of 182 open-end funds and 71 closed-end funds were launched in the financial year 2022-23, and cumulatively, these funds garnered Rs 62,342 crore. In comparison, 176 NFOs were floated in 2021-22 and cumulatively, these funds were able

Sebi asks AMCs to file final offer documents digitally as part of Go Green

Markets regulator Sebi on Tuesday asked asset management companies (AMCs) to file final offer documents only digitally as a part of its "go green" initiative. In addition, to safeguard the interests of investors in the securities market, Sebi said all new fund offers (NFOs) will remain open for subscription for a minimum period of three working days. The new framework will be applicable with effect from May 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular. Under the framework, AMCs will have to file all final offer documents -- SID (scheme information document) and KIM (key information memorandum) -- only digitally by e-mailing the same to a dedicated e-mail ID, and there would be no requirement of filing physical copies of the same with Sebi. Such submission of all final SID and KIM in digital form will have to be made at least two working days before the launch of the scheme. As per the current rules, Sebi mandated the submission of a soft copy of th

Alternative credit firm BlackSoil says FY23 investments grew 55% YoY

Mumbai-based says it is helping start-ups as funding winter continues for sector

Cash calls don't add value if you're bullish for long-term: Anup Maheshwari

'Given the small caps' underperformance vis-a-vis large caps last year, they are at a slightly better position valuation wise'

Govt may deal a tax blow to debt mutual funds; AMC stocks under pressure

If the proposed amendment to the Finance Bill gets cleared, investments across durations will be taxed as STCG

MFs, AMCs get more time to submit applications for empanelment of auditors

Capital markets regulator Sebi on Tuesday extended time till March-end for submission of applications for empanelment of forensic auditors for mutual funds, asset management companies (AMCs) and trustee entities. Earlier, the interested entities were required to submit applications by March 6. "It has been decided to extend the last date for submission of application and the revised date for submission of application is March 31, 2023," the capital markets regulator said in a public notice. On February 11, the Securities and Exchange Board of India (Sebi) had invited applications from eligible firms for empanelment of forensic auditors for MFs, their AMCs and trustee companies. After being empanelled, the auditors would take up assignments related to forensic audit of mutual funds, their AMCs and trustee companies or board of trustees. The applicants are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and

Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report

A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes

GQG Co-founder Rajiv Jain is creating an investing empire in Florida

In 2022, when most asset managers watched clients yank cash from their funds as markets cratered, GQG thrived

Stock of this AMC has zoomed over 100% in one week

The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in price, however, the reply is awaited.

BSNL waiting for NLMC to prepare land asset monetisation strategy

All land properties nominally valued above Rs 100 crore being monetised by NLMC, but it has been slow to formulate a plan; DoT will handle assets of lower value

UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz

According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.

UTI, HDFC AMC top bets among asset managers; charts hint up to 17% rally

The overall trend for asset management shares continues to remain bullish, say charts.

Consistency should be key criterion when choosing NPS fund manager

Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments

UTI AMC, Punjab National Bank shares jump on the stake sale plans

The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5

HDFC Bank awaiting RBI reply on subsidiary stake forbearance: Parekh

According to HDFC's latest annual report, the mortgage lender has over 10 subsidiaries, including HDFC Life Insurance, HDFC Ergo General Insurance, and HDFC Asset Management

Passive fund race: Bigger players steal the show over smaller counterparts

Over 95% passive AUM is with top 10 AMCs; experts say opportunities still exist in the smart beta space

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

Invest 80%, keep rest of corpus aside for corrections: Mirae's N Surana

Indian markets are holding on despite ongoing global chaos, thanks to supportive cyclical and structural factors, says Surana

Canada pension fund's Indian arm acquires Peripheral Expressway

Deal for Rs 6,267 cr is the largest road acquisition under government's asset monetisation programme this year