The company plans to allocate 75 per cent of the net proceeds for purposes such as onward lending, financing and the repayment of existing borrowings, including interest and principal
Remember these funds have a limited track record currently; they will also not receive equity tax treatment
The growth in AUM results from both market performance and fresh investments
Investors unlikely to withdraw during market downturns or for other needs may do without them
FPIs holding more than 50 per cent of their equity Asset Under Management in a single corporate group will be required to comply with the requirements for additional disclosures
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
Five new fund houses Rs 12,400 crore AUM during their initial period
The dominance of banks in the mutual fund space raises questions about financial stability that require careful examination
Moderating sales, valuation concerns pull down deployment; net inflows from domestic equity funds at Rs 2,980 cr since April
Long-term investors can optimise costs by purchasing ETFs through low-cost brokers
Sequentially, the AUM grew by 10% over the March 2023 quarter
As of May 31, 2023, there are 251 passive funds tracking 101 unique Nifty indices
Investors from tier-II are increasingly roping in services of wealth managers, as they diversify beyond gold and real estate
Shantanu Mitra, its chief executive and managing director, said the company's AUM expanded by over 40 per cent Year-on-Year basis to Rs 36,613 crore at end of March 2023 (FY23)
Table-topper UTI MF prides itself on the distribution network it has created in B-30 locations
Who is impacted; do the new rules better protect Indian companies from opportunistic takeover: questions answered
Eyes Rs 50,000 crore AUM by FY27, up from Rs 16,000 cr currently
Group's total bid increases to Rs 10,000 cr, will strengthen its presence in finance services if it wins Reliance Capital race
Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said
Debt MFs, which receive the bulk of corporate money, have seen sustained outflows for over a year. As a result, debt MF AUM declined 9 per cent in 2022-23 to Rs 11.8 trillion