Funds

MUFG deal: Shriram Finance likely to benefit from lower cost of funds

Some experts also said that with a significantly strengthened capital base, the lender may consider a move towards becoming a universal bank

Year-end fund review: Is underperformance cyclical or fundamental?

Temporary underperformance could be due to the fund manager's investment style not being favoured by the market currently; wait out such phases

JSW Energy board clears plan to raise up to ₹10K crore via securities

JSW Energy's board on Friday approved the proposal of raising up to Rs 10,000 crore in one or more tranches, through issuance of securities on private offerings, qualified institutions placements, or any other method or combination thereof. The board in its meeting on Friday also approved the proposal of issuance of 95,23,809 equity shares, on a preferential issue basis, to JTPM Metal Traders Ltd, a member of the Promoter Group (JTPM) at an issue price of Rs 525 per equity share, including a premium of Rs 515 per equity share, a regulatory filing said. According to the filing, the board has also approved issuance of 4,76,19,047 warrants, on a preferential issue basis, to JTPM, with each warrant carrying a right exercisable by the warrant allottee to subscribe to one equity share per warrant, for cash consideration, at a price of Rs 525 per warrant (including a premium of Rs 515 per warrant). The board approved "the raising of funds of up to Rs 10,000 crore in one or more tranches, .

No funds since year from Centre for Jal Jeevan scheme: Maharashtra minister

Maharashtra has not received central funds for the Jal Jeevan Mission' scheme since October 2024 and is using state funds to complete the ongoing projects, the government said on Friday. In a written reply to a question, the government also said that the lack of funds has hampered the pace of existing projects. The Jal Jeevan Mission (JJM) aims to provide functional tap water connections to every rural household in India, ensuring safe and adequate drinking water to citizens. In the reply submitted to the legislative council, Water Supply and Sanitation Department Minister Gulabrao Patil said that 51,560 schemes have been sanctioned under the water programme, of which 25429 are still ongoing. Patil informed the Upper House of the state legislature that the state government has given Rs 2,483.58 crore in 2024-25 and Rs 2,103.25 crore in the current fiscal year to complete the ongoing works. The state government said that the pace of the works under the Jal Jeevan Mission has been .

Saviynt raises $700 mn Series B at about $3 bn valuation; KKR leads round

Saviynt has raised $700 million in Series B funding at a $3 billion valuation, led by KKR, to speed up product development, AI capabilities and deeper integration with hyperscalers, software platforms

Avoid exiting Balanced Advantage Funds based on short-term underperformance

Balanced Advantage Funds have had a weak year, but advisors warn against knee-jerk exits, saying investors should stay invested unless a fund persistently lags peers and benchmarks

First-time, women fund managers outperform in FFS scheme: SIDBI CMD

First-time and women-led fund managers outperformed in SIDBI's Fund of Funds for Startups scheme, delivering strong returns and supporting 1,300 startups, says SIDBI CMD Manoj Mittal

Need to track, trace unclaimed insurance funds: Irdai member Iyer

IRDAI member Swaminathan Iyer stresses the need to track ₹1.9 trillion in unclaimed life insurance funds to build trust and boost penetration, vital for achieving 'insurance for all by 2047'

Indian MFs pivot to ultra-short debt as rate outlook clouds bets

The Reserve Bank of India's next monetary policy decision is due on December 5 and despite inflation falling to a record low, swap markets are not pricing in a rate cut

Smart beta funds lose traction on performance slump, shows data

The decline in flows coincide with a slump in performance of such schemes in comparison to other passive equity schemes

India's long-term equity story remains strong, says Morgan Stanley MD | Stock market | BFSI Summit

Morgan Stanley’s managing director and chief India equity strategist, Ridham Desai, on Friday said that India’s long-term equity story remains strong even as the Indian market has underperformed

JPMorgan picks Perpetua Resources for $1.5 trn security fund investment

The bank, which holds roughly 20,000 shares of Perpetua currently, according to LSEG data, will also have the option to exercise $42 million in warrants within three years

Sebi extends deadline to Jan 2026 for angel funds to disclose allocation

Markets regulator Sebi on Wednesday extended the timeline to January 31, 2026, for disclosing the allocation methodology by angel funds in their Private Placement Memorandum (PPM). Earlier, the deadline was October 15. "Based on representation from the AIF industry requesting additional time to meet this requirement, it has been decided to extend the said timeline to January 31, 2026, for ease of compliance," Sebi said in its circular. Accordingly, allocation of any investment made by existing angel funds post January 31, 2026, should be in accordance with the defined allocation methodology disclosed in their PPMs. Under the Sebi's framework, angel funds will have to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment. In September, the regulatory framework for angel funds was revised under AIF (alternative investment fund) norms. As part of the revised framework to streamline ...

Artha India Ventures announces first close of ₹500 cr Artha Venture Fund II

The Rs 500 crore micro VC fund will invest in 36 early-stage startups across premium consumption, fintech, AI, and deep tech themes

Intangles raises $30 mn in funding led by Avataar Venture Partners

Predictive AI start-up Intangles has raised USD 30 million (about Rs 266 crore) in a funding round led by Avataar Venture Partners, the company said on Tuesday. The Pune-based firm received follow-on investments from Baring India Private Equity and Cactus Partners in the funding round. "Intangles, a global leader in physics-enabled Predictive AI...announced the close of its Series B round, securing USD 30 million in growth funding led by Avataar Venture Partners, along with follow-on investments from Baring India Private Equity and Cactus Partners, reaffirming long-term conviction in Intangles' technology platform," the company said in a statement. Intangles claims to have developed the world's first AI platform for vehicles called Inroute. The company said that its digital twin technology makes Intangles the only player globally with the capability to warn fleet owners of impending vehicle failures with the exact causes, up to a month in advance, with around 95 per cent ...

Infra funds: Suited for seasoned investors who can handle cyclicality

Limited allocation should be taken in the satellite portfolio with above five-year horizon

Somerset may close third healthcare fund worth $250 mn by October

The final close is expected next month, with the fund on track to potentially exceed its target.

UTI AMC elevates CIO Subramaniam as CEO; Bandhan AMC set for SIF foray

UTI AMC names Vetri Subramaniam as next MD & CEO from Feb 2026, while Bandhan AMC secures SEBI nod to launch specialised investment funds under its new brand

HDFC Bank emerges as top choice for global EM funds with record ownership

Copley Fund Research finds HDFC Bank held by 71% of EM funds, making it the most critical emerging-market bank globally, with allocations surging post-HDFC merger

Inbrew, Tilaknagar scout private debt raise in race to buy Imperial Blue

The companies are looking to raise around $500 million each and have reached out to private credit funds to back their acquisition