The retail AUM, which accounts for 72 per cent of the total AUM, increased by 43 per cent Y-o-Y to Rs 50,000 crore
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
Says exemption will be granted only if the fund's India equity AUM is less than 25% of the global AUM and global AUM is higher than Rs 10,000 crore
In the financial years ending March 2023 and March 2022, MFs had cornered over 6 per cent of household savings. In FY21, this figure had been a mere 1.3 per cent, according to RBI data
Quant MF claims to have received no further communication from the regulator since the searches were conducted
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MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk
Since the acquisition of DHFL in 2021, the goal has been to build on its strong customer franchise in smaller towns
For FY24, its consolidated net profit rose by 23 per cent to Rs 1,974.2 crore from Rs 1,607.5 crore in FY23. Its NII rose by 38 per cent Y-o-Y to Rs 4,153.8 crore in FY24
According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight
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The company currently has 100 branches in eight states in north, central and west India, and also plans to significantly expand its presence and enter south India in the current financial year
'FY24 was the year of significant growth across all business parameters', said Abhay Bhutada, MD, Poonawalla Fincorp
The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector
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"For this year, we may end up at an AUM growth of around 20% because the first three quarters have been good," Umesh Revankar said