Page 2 - Equity Fund

Goldman Sachs exits ISGEC Heavy Engineering, sells shares for Rs 96 crore

Global investment banking major Goldman Sachs on Thursday exited ISGEC Heavy Engineering, by selling its 1.4 per cent stake in the company for Rs 96 crore through an open market transaction. US-based Goldman Sachs through its arm Goldman Sachs Funds -- Goldman Sachs India Equity Portfolio sold 10.43 lakh shares, or 1.42 per cent stake, in ISGEC Heavy Engineering, as per the bulk deal data available on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 915.49 apiece, taking the transaction value to Rs 95.50 crore. Meanwhile, Nippon India Mutual Fund acquired 8.32 lakh shares, or 1.13 per cent stake, in Noida-based ISGEC Heavy Engineering. The shares were picked up at an average price of Rs 915 apiece, taking the transaction size to Rs 76.21 crore. Details of the other buyers of ISGEC Heavy Engineering's shares could not be ascertained. On Wednesday, shares of ISGEC Heavy Engineering slipped 1.37 per cent to close at Rs 938 per piece on the NSE.

Axis Mutual Fund on comeback trail as 2023 equity rehaul delivers

Credits enhanced scheme diversification, adaptation to market changes

Good Glamm Group looks to raise Rs 250 crore amid financial challenges

Sources privy to the development said that the company is actively streamlining its operations to address various challenges

Bandhan core equity fund: In the quiet of strategy, wealth finds its way

Over the past three years, the fund has consistently adhered to its mandate of investing in largecap and midcap stocks, with a strong preference for largecaps

Retirement funds or equity funds: Which is better for you?

A retirement fund is suitable for long-term goals such as saving for retirement. However, if you are targeting growth and comfortable with higher risk, then you can invest in equity funds

ICICI Prudential Focused Equity Fund: Concentrated path to wealth creation

The fund was exposed to 71 stocks during the three-year period, consistently holding seven stocks

'Sebi proposal on new asset class for high risk takers looks promising'

Capital markets regulator Sebi's proposal for introducing a new asset class for high-risk profile investors can help them gain access to a newer set of strategies including long-short equity fund and inverse Exchange-traded Fund (ETF). The new asset class is aimed at bridging the gap between mutual funds and Portfolio Management Services (PMS) in terms of flexibility in portfolio construction. The Sebi's consultation paper floated on Tuesday on 'new asset class' and creating a structure for differentiated, higher risk strategies looks very promising, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund said. "India is finally opening up to different investment products, styles and approaches. Passive, factor, inverse ETFs, alts and more. There is no single way to invest," she added. In its consultation paper, the regulator said the new asset class will provide a regulated product with features like SIP (Systematic Investment Plan), higher risk-taking capability, and a higher ticket .

Mutual funds rake in record Rs 14,370 crore via equity NFOs in June

At Rs 37,885 cr, collection in H1CY24 surpasses entire 2023 mopup

KKR seeks $20 billion for its new North America private equity fund

The New York-based firm, which had $578 billion in assets under management as of the end of March, is returning to a tougher fundraising market for buyout funds

Capitalise on secular spending surge with consumption-themed equity fund

Consumption themed funds invest across a diversified range of sectors: FMCG, auto, telecom, consumer durables, healthcare, power, organised retail, and realty

Electric mobility firm Yulu raises Rs 160 cr capital in equity funding

Electric bike-sharing platform Yulu Bikes on Friday said it has secured USD 19.25-million (Rs 160 crore) capital in equity funding through the issuance of shares to the company's existing strategic investors-- Magna and Bajaj Auto Ltd. The capital infusion will enable Yulu to maintain its growth streak and will strengthen its market leadership as it expands its reach in terms of vehicles, operational locations, and product and technology innovation to keep up with the rise in demand from users, the company said in a statement. On Thursday, Bajaj Auto said in a regulatory filing that it has raised its stake in Yulu Bike to 18.8 per cent of the paid-up equity share capital with an additional Rs 45.75 crore investment in the company. The company claims it has seen a nearly 5x leap in revenue over the last year. Yulu also said that it is on track to raise its Series C round of funding soon. The equity infusion will help the company fast-track its growth plans, said Amit Gupta, Co-foun

Fundraise through venture debt up 50% in 2023; equity funding down 70%

Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022

Stress testing

Evaluating equity funds is a good idea

State-run banks look to equity fundraising as perpetual bonds lose sheen

"This move has literally ended mutual fund investments in such papers, making fundraising more difficult," a trader with a private bank said

Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Aggressive buying indicates strong flows into equity funds in December

2023: A year when equity gains surprised investors, Sensex surged 18.7%

Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns

360 ONE Asset launches balanced hybrid fund for equity, debt instruments

The new fund offer (NFO) will be open from September 4 to 18, and the minimum application amount is Rs 1000 (and in multiples of Rs 1 thereafter

Disclosing conflict of interest builds trust

I explained the conflict: if Sukanya sold real estate and invested in financial products, our fee, a percentage of assets under advice (excluding real estate), would rise

Investors pour most money into Japan stocks since 2020, says BofA

Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month

Govt set to garner record Rs 63,000 crore in dividend from listed PSUs

FY23 payout may be 25% more than previous year