From peak of 17.7%, it dips to 16.6% while active schemes advance
AUM heavyweights SBI, HDFC, and ICICI Pru, flex muscle, adding Rs 2 trillion+ each
Market regulator plans to double the threshold to Rs 50,000 crore
We aim to raise approximately Rs 4,500-Rs 5,000 crore over the next 12 months, with a significant portion targeted through capital markets for a tenure of 3-4 years, says Manish Jaiswal
Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle
The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday. At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge. This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants. The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .
StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent
Quant Mutual Fund (MF) on Friday announced that its assets under management (AUM) has crossed the Rs 1 trillion mark
Eyes private credit for real estate, renewable energy
Multiples will come down if the companies fail to deliver on earnings growth, he said
Sumitomo Mitsui Financial Group (SMFG) India Credit, one of the leading non-banking financial companies, is eyeing assets under management (AUM) to be Rs 60,000 crore by the end of the current financial year 2024-25. A statement by the company on Tuesday said that in the last fiscal, the total AUM was Rs 45,000 crore. The NBFC will also expand the branch network to expand its reach. In the last two years, 300 branches were added, mostly in Tier 2 cities and rural areas. The total number of branches of the NBFC now stands at 1000, the statement said. The company will focus on sustainable development and inclusive prosperity, it said.
HDFC MF exposure drops below 50%, ICICI MF at 20-month low
Sebi allows AMCs to pay expenses of very small value but high volume out of the AMC's books up to a maximum of 2 basis points of the respective scheme's assets under management
The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25
HDFC and ICICI Prudential were the other two fund houses in the top 10 that registered over 20 per cent growth during the same period
The deposits book of the company rose by 26 per cent to Rs 62,750 crore from Rs 49,944 crore as of June 30, 2023
Singh says the assets under management (AUM) can touch Rs 20-trillion in the next five years if the market remains supportive
According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight
HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore
Non-banking financial company Namdev Finvest, which focuses on small business lending, on Tuesday said its assets under management have almost doubled to cross Rs 1,200 crore during 2023-24 fiscal. The Jaipur-headquartered company posted a growth of 92.62 per cent in AUM (asset under management) during fiscal 2023-24, with its net worth reaching Rs 410 crore. Namdev expanded its presence across eight states -- Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh, Delhi, Haryana, Punjab and Uttarakhand. The company has secured a total funding of USD 41.5 million up to this point, with a USD 19 million of fundraise from Maj Invest in its latest round of Pre-Series C in April this year. Operating through 100-plus branches spanning across eight states in northwest India, the NBFC employs touch and technology (Phygital) loan approval and disbursal system, said Jitendra Tanwar, Managing Director and CEO of Namdev Finvest. "Until now, we have disbursed over 50,000 loans ranging from Rs 4,00