Page 2 - Funds

IVCA asks VCFs to act on Sebi circular, migrate to AIF regime by July 19

IVCA has urged all legacy VCFs, especially those who are holding residual assets, to immediately evaluate their eligibility and apply to SEBI for migration before the due date

Delhi govt cuts MLALAD fund to ₹5 crore from ₹15 crore per constituency

The annual MLALAD fund was previously set at ₹15 crore after a 2024 hike by the AAP-led govt. The BJP-led cabinet has now reduced it to ₹5 crore per MLA, effective FY26

RBI proposes new norms for RE investments in AIFs, seeks public feedback

As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June

Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth

Sundaram Home Finance has unveiled plans to raise over Rs 6,000 crore to accelerate its growth during the current financial year. The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits, an official said. Sundaram Home Finance reported a 26 per cent rise in its net profit for the January-March 2025 quarter to Rs 71.57 crore from Rs 56.80 crore registered in the corresponding quarter of last financial year. Disbursements made during the quarter under review stood at Rs 1,929 crore as against Rs 1,469 crore registered in the corresponding quarter of last financial year. The Assets Under Management during the financial year ending March 31, 2025 went up to Rs 17,470 crore from Rs 13,812 crore registered in the year ago period. On the outlook for the financial year, the city-headquartered company's MD D Lakshminarayanan said, "The emergence of small towns as an economic growth drive is throwing up a lot of new growth ...

EQT closes $23.16 billion infra fund at hard cap amid investor demand

The fund has already committed nearly half of its capital across 12 investments, spanning sectors such as digital infrastructure, energy transition, and resource efficiency

Defensive funds: Focus on consistency across cycles, not just performance

Funds that curbed their losses may not necessarily lead the rebound

ROADIS' India unit raises $316.3 mn via dollar-denominated bond issuance

ROADIS Group, a road investment platform, fully controls the Varanasi-Aurangabad highway

Oppn flags under-utilisation of funds, crime in Delhi at panel meet on MHA

Opposition members in the parliamentary standing committee on home affairs have questioned the under-utilisation of funds and the alleged high rate of crime against women and children in the national capital. Headed by BJP MP Radha Mohan Das Agrawal, the committee met on Thursday and Friday to examine the demands for grants for 2025-26 of the Ministry of Home Affairs (MHA). According to a source, MPs from the Trinamool Congress (TMC) raised in the meeting the issue of the Nirbhaya Fund being underutilised and said almost two-thirds of the fund had not been used. The MHA uses the Nirbhaya Fund to implement projects that make cities safer for women. The TMC MPs also said the government should give an explanation on the increase in the allocation for border infrastructure and management which has been allocated Rs 5,597.25 crore in this Budget, an increase of Rs 1,840.74 crore from Rs 3,756.51 crore allocated last year. They alleged that the Census activities were slow and the budgeta

PE firms tap platform model to build scalable biz, boost efficiency

One of the latest examples is Carlyle combining auto component manufacturers Roop Automotives and Highways Industries to build an auto parts platform

Ascertis Credit closes Rs 1k cr short-term income fund, exceeding target

The fund, part of Ascertis' new Income Fund Series, was launched in response to investor demand for a shorter-term investment vehicle with regular income distribution

J'khand chief secy urges expediting fund utilisation for capital investment

Jharkhand chief secretary Alka Tiwari on Friday instructed state departments to promptly submit utilisation certificates to the Centre for funds received under the Special Assistance to States for Capital Investment (SASCI) scheme. She said submitting the certificates on time would strengthen the state's claim to remaining funds and demonstrate its commitment to financial discipline. Tiwari was reviewing the scheme with the secretaries of the departments concerned. Notably, the Centre provides interest-free loans to states for 50 years under SASCI. For the financial year 2023-24, the state was allocated Rs 5,255.14 crore by the Centre, with Rs 4,580.62 crore already received, according to an official communique. For 2024-25 fiscal, the state has proposed Rs 4,302 crore, with Rs 2,763 crore approved and Rs 1,233 crore received so far. Additionally, the state is eligible for an extra Rs 1,250 crore under the scheme, the statement added. "If work is done according to the guidelines o

Nuvama-Cushman & Wakefield JV raises Rs 1,700 cr for Prime Offices Fund

First close completed for fund that will invest in commercial real estate, says companies

Flows in NRI deposits up 71% in April-November 2024, shows RBI data

Total outstanding NRI deposits stood at $162.7 billion

ABFRL board approves raising $500 mn through preferential issuance and QIP

Fundraise will deleverage company and help in its growth strategy, says fashion retailer

AIFs seek specific funds from govt for new-age, sunrise, deep-tech startups

Alternate investment funds (AIFs) have sought from the government specific funds for investments in new-age, sunrise and deep-tech startups with a view to promote innovation in the country, an official said. They have also urged the government to announce a fresh round of funds under the Fund of Funds for Startups (FFS) scheme. These demands were raised during a meeting between AIFs and the officials of the Department for Promotion of Industry and Internal Trade (DPIIT) here last week. The department held discussions with AIFs on ways to promote funding for startups in the country, the official said. "In the meeting AIFs demanded more funds under FFS. They demanded an increase in the duration of FFS from the existing 12 years," the official added. At present FFS is sector agnostic. The AIFs have suggested specific funds for the sunrise and new-age sectors. Issues like capital mobilisation and promoting funding for startups in smaller cities were also discussed during the meeting.

Private credit firm Neo Asset seeks to raise $700 million for second fund

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

What are arbitrage funds: All you need to know before investing?

Arbitrage funds use a system-driven approach with algorithms to swiftly identify and execute arbitrage opportunities, ensuring efficiency and eliminating the need for manual intervention

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

PM CARES Fund contributions fall to Rs 912 crore in FY23, lowest since 2020

The total voluntary contribution to the PM CARES Fund fell to Rs 912 crore in the fiscal year 2022-23, its lowest since the public charitable trust was created in March 2020 following the COVID-19 outbreak. A study of the audited statements on the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund website shows that the voluntary contribution peaked at Rs 7,184 crore in 2020-21 and then fell to Rs 1,938 crore in 2021-22, before declining further in 2022-23 as the Covid threat receded after 2021. The fiscal 2022-23 is the last year for which the statement is available on the website. Foreign contribution has seen a sharper decline, registering a high of Rs 495 crore in 2020-21, before falling to Rs 40 crore and Rs 2.57 crore in the next two years. The total expenditure in 2022-23 was around Rs 439 crore, with Rs 346 crore of it used by the "PM Cares for Children", a government initiative to support children who lost both of their parents, legal ..

Active largecap funds set to outperform for second consecutive year

More number of funds likely to beat the benchmark this year vis-a-vis 2023