Page 5 - Assets Under Management

Domestic, international funds tracking Nifty indices grows 53% in 10 years

According to the index provider, seven new passive funds tracking Nifty indices were launched in Japan and Korea in 2023

Nifty Indices AUM surges to Rs 5.8 trillion as global interest grows

With the new additions in 2023, the number of Nifty index-linked global passive funds has gone up to 21

Bajaj Allianz Life's assets under management crosses Rs 1 lakh crore

Bajaj Allianz Life Insurance on Wednesday said its assets under management has surpassed the Rs 1 lakh crore mark. The Pune-based leading private sector life insurance player in a statement said this makes them one of the fastest growing life insurers among the top-10 players and the AUM touching Rs 1 lakh crore reflects a 1.8 times growth from Rs 56,085 crore in FY20. Bajaj Allianz Life Managing Director and Chief Executive Tarun Chugh said this is a milestone and is a testament to the trust that the customers have in the company. In the last three years till August 2023, the company has grown exponentially with the individual new business annual premium equivalent growing at 41.3 per cent at a compounded rate as against the industry growth rate of 13.5 per cent and the private sector's 22.4 per cent. This significant growth revival has helped the company achieve the Rs 1,00,000 crore AUM milestone. At an overall industry level, the market share of Bajaj Life has almost doubled f

Fedbank Financial Services posts 25.12% growth in profit during Q2FY24

The Net Interest Income (NII) of the company rose by 29 per cent to Rs 207.30 crore from Rs 160.40 crore in the second quarter of the financial year 2023

Shriram Life insurance posts Rs 70 cr net profit in first half of 2023-24

Shriram Life Insurance announced an 88 per cent increase in new business premium for retail and group policies in H1FY24 at Rs 860 crore compared to the year-ago period

Godrej Capital eyes Rs 10,000 cr AUM by Jan, hit Rs 50,000 cr by 2028

Godrej Capital, the financial services arm of the diversified conglomerate Godrej Group, has planned to grow its assets under management (AUM) to Rs 50,000 crore by 2028, a top official said on Thursday. The company which commenced operations in 2020 achieved "break-even" in the second quarter of the current financial year, company Managing Director and CEO Manish Shah said here. To achieve the balance sheet of Rs 50,000 crore by 2028, the company would require an additional Rs 4,000 crore capital, Shah noted. "We received the license (to launch operations) in October 2020.. we want to grow AUM to Rs 50,000 crore by 2028..This year we expect to reach Rs 10,000 crore that is by March 2024," he told reporters. "The company received around Rs 2,000 crore as capital from the holding company of the Group. Every year, we require about Rs 1,000 crore as equity capital. To reach Rs 50,000 crore AUM we will require about Rs 4,000 crore," he said. By 2026, Shah said, the company aims to man

Godrej Capital expects AUM to increase by 69% to Rs 30,000 crore by FY26

The company has partnered with over 150 channel partners across Tamil Nadu to provide various product offerings across MSMEs

Poonawalla Fincorp posts record Q2 disbursements at Rs 7,750 crore

Meanwhile, it posted a 10 per cent sequential growth from Rs 7,063 crore in the first quarter of FY24

Insurance industry lacks human capital in administration: Irdai member

He further said that the lack of skilled professionals has affected the Assets under Management (AUM) of these companies

Five-year lock-in facilitates long-term orientation in retirement funds

Investors unlikely to withdraw during market downturns or for other needs may do without them

Managing flows

Govt's dependence on foreign funds should be limited

Bajaj Finance's B2B segment to add 1,000 cities in the next three years

In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023

SRG Housing Finance plans to surpass Rs 1,000 cr AUM in 3-4 next years

The loan disbursement of the company in the entire FY23 stood at Rs 191 crore which the management project to move towards Rs 250 to 300 crore in FY24

New entrants slow off the blocks in top-heavy mutual fund industry

Five new fund houses Rs 12,400 crore AUM during their initial period

Repco Home Finance expects around Rs 14,000 cr AUM this FY: MD & CEO

Housing loan finance company Repco Home Finance expects to manage assets under management (AUM) of around Rs 14,000 crore by the current financial year, a top official said. The Tamil Nadu-based company was managing AUM of around Rs 12,400 crore at the beginning of the year, Managing Director and CEO K Swaminathan said. "As regards AUM, I think we were around Rs 12,400 crore in the beginning of the year. We plan to reach somewhere around Rs 14,000 crore by the current year-end. That is our plan of action. When the momentum happens, especially the second and third quarters are normally the peak quarters for the company," Swaminathan said at the Q1 FY24 earnings conference call recently. During the second and third quarters, Swaminathan said, "I expect the book growth will also be more than the 9 per cent growth that we did in the first quarter." "Definitely, I think we will be able to reach the number of around Rs 14,000 crore. That is our plan of action for the year-end" he ...

Commission payout by top 10 mutual funds up 14% in FY23, shows data

Sustained rise in flows via SIPs lifts distributor share in AUM

Narayana Murthy's Catamaran aims to double AUM to $2 billion in 5 yrs

It has shifted focus from early-stage investments to growth and late-stage bets

Indiabulls HFC eyes to scale up monthly disbursement to Rs 1,200-1,300 cr

From a sharp decline, the book has flattened out over the last six months

Indifi Tech's assets under management double to Rs 1,500 crore in FY23

The platform announced that it is aiming to double the figure again in FY24

BS Fund Manager: CEOs of top MFs quite confident about conquering Bharat

MF heads are divided over the lack of talent in the industry