Page 4 - Assets Under Management

Balanced advantage funds: Equity exposure dips as valuations kicks off

HDFC MF exposure drops below 50%, ICICI MF at 20-month low

Market regulator Sebi imposes Rs 3 lakh penalty on Nippon Life India AMC

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

Blacksoil disburses over Rs 220 crore in Q1 FY25, AUM increases 40%

The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25

H1CY24 scorecard: Nippon India Mutual Fund grows fastest among top 10

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

Bajaj Finance's AUM rises 31% in Q1FY25, new loans booking improves by 10%

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

Investors have matured, bear market not a major worry for MFs: DP Singh

Singh says the assets under management (AUM) can touch Rs 20-trillion in the next five years if the market remains supportive

Tuesday's stock market meltdown shaves off Rs 1.4 trillion of MF AUM

According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight

HDFC Life crosses Rs 3 trillion in AUM, reinforcing investment discipline

HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore

Namdev Finvest's assets under management cross Rs 1,200 cr mark in FY24

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

Shriram Group in talks with partners for wealth management biz foray

Shriram Finance expects vehicle sales growth to be in single digits during the current financial year, owing to a dip during the election season

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

HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%

Revenue from operations surges 19% to Rs 2,167 cr

Muthoot Microfin's AUM rose 32% YoY in Q4, loan disbursement highest ever

The AUM in the March quarter soared to Rs 12,194 crore as compared to Rs 9,208 crore during the same period a year ago

Smallcaps outperform larger peers by biggest margin since pandemic

Nifty Smallcap 100 index finished FY24 with a gain of nearly 70 per cent, outperforming the benchmark Nifty by 41 percentage points

Smallcap funds sit on over Rs 15,000 crore dry powder, shows data

High cash holdings in MF portfolios indicate deployment challenges and fears of a price correction

NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre

Plans to expand capacity to over 300 Mw in 7-8 years; taps SBI for term loan

HDFC Top 100 Fund: The top 30% ranking and steady asset growth

The fund's month-end assets under management (AUM) increased from Rs 17,715 crore in January 2021 to Rs 30,980 crore in January 2024. Rahul Baijal has been managing this fund since July 2022

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

IndiGrid acquires solar power plant at an enterprise value of Rs 1,550 cr

Infrastructure investment trust IndiaGrid on Friday said it has completed the acquisition of 300 MW solar project at an enterprise value of Rs 1,550 crore. With this asset addition, IndiGrid's portfolio now consists of 19 solar projects across eight states of the country with a total generation capacity of 1.1 GWp. IndiGrid's total Assets Under Management now stands at Rs 28,200 crore, an IndiGrid statement said. "IndiGrid, India's first and largest listed power sector infrastructure investment trust (InvIT), today announced that it has consummated transaction of 300 MW AC solar asset for an enterprise valuation of around Rs 15,500 million, exclusive of net working capital and cash adjustments, in line with the share purchase agreement that was signed in January 2024," it said. This acquisition has been funded through a combination of equity, internal accruals, and debt and will add Rs 80 crore of net distributable cash flow, to IndiGrid, every year. The net debt/AUM will be 63 pe

On a comeback trail, Franklin Templeton MF plans series of debt launches

Timeline not fixed, choice of fund will depend on investor demand