Page 3 - Funds

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

State-owned REC raises Rs 2,195 crore via bonds of different maturities

Market participants said that the company did not raise the entire amount as the investors were demanding a higher coupon

Parliamentary panel criticises fisheries ministry for fund underutilisation

A Parliamentary panel on Tuesday criticised the fisheries ministry for under-utilisation of funds allocated in the Budget and asked it to address the issue. "...the reasons for under-utilisation continue to remain the same," the Standing Committee on Agriculture, Animal Husbandry and Food Processing said in its third report submitted to Parliament. The under-utilisation of funds continues even after more than three years of putting in place a new financial system by the Ministry of Finance, it said. The committee recommended the Department of Fisheries make "serious efforts" and "proactively liaise" with state governments and state fisheries departments to address this issue for positive results. The committee noted that targeted and effective implementation of the department's schemes becomes imperative for the socio-economic upliftment of the fishermen in general and traditional fishermen in particular. "It, therefore, becomes all the more necessary that the Budget allocation fo

Cloud-based testing platform LambdaTest gets $38 mn in Avataar-led funding

"KaneAI is more than a tool-it's a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort," said Asad Khan

Stride Ventures rolls out $300 mn 4th fund as venture debt gains traction

Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others

World Bank gets $100 billion replenishment of fund for poorest countries

World Bank made the announcement today in Seoul at a pledging conference for the International Development Association, which provides grants and very low-interest loans to 78 low-income countries

Rs 38 crore disbursed for development of wildlife habitats in FY24

Andhra Pradesh is also the only coastal state that has not received any funds under the scheme over the past five years

Business Cycle Funds: Macro-driven funds that can fall prey to timing risk

Business cycle funds aim to optimise returns by aligning their portfolios with different phases of the economic cycle

After recent run-up, enter US-focused funds through SIP for 7+ years

While last year's earnings were concentrated among the seven major tech stocks, non-tech stocks within the S&P 500 have witnessed improved performance this year

Sebi sends Rs 154.5 cr worth notices to RHFL's promoter over fund diversion

Sebi on Wednesday sent demand notices to six entities, including Reliance Home Finance's promoter entity, asking them to pay Rs 154.50 crore for diversion of funds from the company. The regulator has warned these entities for attachment of assets and bank accounts if they fail to make the payment within 15 days. Those who have been sent notices are Crest Logistics and Engineers Pvt Ltd (Now Known as CLE Pvt Ltd), Reliance Unicorn Enterprises Pvt Ltd, Reliance Exchange next Ltd, Reliance Commercial Finance Ltd, Reliance Business Broadcast News Holdings Ltd and Reliance Cleangen Ltd. The demand notices came after these entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in August. In six separate notices, the markets watchdog directed these six entities to pay Rs 25.75 crore each. This includes interest and recovery costs within 15 days. In the event of non-payment of dues, the market regulator will recover the amount by attaching an

Global funds look towards India as financial market jitters pick up

A steady influx of foreign capital has positioned the nation's bonds among top performers in developing markets this year, while the country's stock market hit a record high last month

US fund urges Seven & i to allow due diligence on Couche-Tard buyout offer

Artisan has been among some of Seven & i's vocal foreign investors who have urged the company to focus on its core convenience store business

Inflexor Ventures aims to raise Rs 1,200-1,700 cr for its third fund

VC firm to expand investments in India's technology sector, 'build on success' of previous funds

MFs explore new offerings as quality pack steals march on value stocks

WhiteOak Capital and ICICI Prudential have sought regulatory approval for a first-of-its-kind active quality fund

FPIs may get funds on day of settlement from October, says Sebi WTM

Rs 1 trillion float lying with custodians may reduce with faster remittance

Bajaj Finserv MF launches largecap fund; Greatdeal settles case with Sebi

Sebi proposed guidelines for CRAs to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings