Page 12 - Funds

Avoid longer-duration funds as interest rates may harden: Analysts

Shorter-duration ones will see lower mark-to-market impact

Fund houses line up several passive offerings, shows Amfi data

Market participants say that passive investing will grow even in the current calendar year

Street signs: Nifty may consolidate, air cooler makers may see gains & more

The Nifty50 ended the December expiry series with losses of 1.9 per cent

Venus Pipes & Tubes files draft papers to garner funds through IPO

Venus Pipes & Tubes has filed draft papers with markets regulator Sebi to raise funds through an initial share sale. Through the Initial Public Offering (IPO), 50.74 lakh equity shares of the company will be sold, according to the Draft Red Herring Prospectus (DRHP). Proceeds from the public issue will be used for financing the project cost towards capacity expansion and backward integration for manufacturing of hollow pipes, to meet working capital requirements and for general corporate purposes. Venus Pipes & Tubes is one of the growing stainless steel pipes and tubes manufacturer and exporter in the country. The company under the brand name 'Venus' supplies its products for applications in diverse sectors, including chemicals, engineering, fertilisers, pharmaceuticals, power, food processing, paper, and oil & gas. SMC Capitals is the sole book running lead managers to the issue. The equity shares of the company are proposed to be listed on BSE and NSE.

IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

Recent outflows from ELSS shouldn't deter you from investing in them

The combination of high returns and short lock-in they offer is not matched by other Section 80C products

Trifecta looking to co-lend to tech startups with banks: Rahul Khanna

In a Q&A, the managing partner of the venture debt firm dwells on the returns generated by the company's earlier funds, among other things

SIDBI launches second window of Swavalamban Challenge Fund

Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.

Amazon Seller Services gets fresh fund infusion of Rs 1,460 cr from parent

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 1,460 crore into one of its India units, Amazon Seller Services, according to regulatory documents.

Kotak Special Situations Fund to invest Rs 1,000 cr in Sify Infinit Spaces

Investment will be in Compulsorily Convertible Debentures, which turn into equity based on Sify's operational performance over a specified period

Rs 2,000 cr funds unutlised by Tamil Nadu govt depts identified: State FM

The money, identified under three categories, can be remitted back to treasury, says Palanivel Thiaga Rajan

BlackRock gets new Saudi mandate to manage infrastructure fund

The size of the fund hasn't been determined yet, but it will be backed entirely by the National Development Fund, a Saudi government entity chaired by Crown Prince Mohammed Bin Salman

Market boom delivers a huge boost to returns of special situation funds

Boost in special situation funds: The strategy adopted by these funds isn't strictly contrarian; the fund manager will also look for triggers or opportunities that could make certain stocks attractive

With yields hardening, its best to opt for shorter-duration funds

Shorter-maturity bonds in these funds get reinvested at higher coupon rates

Balanced advantage funds find favour with investors amid volatility spike

Rising bond yields, uncertain equity markets add to appeal

IMF trims view on global growth rebound as 'dangerous divergence' seen

The fund warned threats to growth had increased, pointing to the delta variant, strained supply chains, accelerating inflation and rising costs for food and fuel.

TVS SCS raises Rs 590 cr from fund managed by Italian business dynasty

Earlier this year, Agnelli group's holding company Exor, through another fund managed by them, had invested in Ki Mobility Solutions-a subsidiary of TVS Automobile Solutions

Kotak Multicap NFO collects Rs 3,500 cr, highest-ever by fund house

25% of the collections came from Tier-II towns and more than 10% of the 150,000 applications received came via SIPs

Four reasons why you should lock in returns with target maturity funds

Credit quality is high and risk of market price deviating from NAV is absent in index format

Domestic investors' Chinese bets turn sour as Evergrande weighs

Two China-focused funds are down 11% in the past three months. In comparison, Sensex has gained over 12% during the same period