Page 7 - Funds

CapitaLand launches new India fund, sees $520 million addition to total FUM

Additionally, the company said it had secured a S$263 million funding from a global institution for a 50% stake in the fund's first closing

Sebi plans to issue norms for dealing with unclaimed funds of clients

Markets regulator Sebi plans to come out with a detailed procedure for dealing with unclaimed funds of clients lying with the stock brokers, whereby such trading members will make attempts to find out the whereabouts of the investors for return of money. In case the end client is not traceable despite the efforts of the Trading Member (TM), the unclaimed funds would be transferred to investor protection funds of stock exchanges on a periodic basis, the Securities and Exchange Board of India (Sebi) said in its annual report for 2022-23. This will ensure that unclaimed funds of clients lying with the TMs are returned to the respective clients in a timely and efficient manner. "It is proposed to have a detailed procedure for treatment of unclaimed funds of clients lying with the TMs, in which the TMs shall make efforts to find out the whereabouts of the clients for return of such funds," Sebi said. In September 2022, Sebi directed all entities, which have listed non-convertible ...

Fund review: ICICI Pru Bluechip fund

Fund review: ICICI Pru Bluechip fund

Fund review: ICICI Pru Short Term Fund

Fund review: ICICI Pru Short Term Fund

Fund review: SBI Large & Midcap Fund

Fund review: SBI Large & Midcap Fund

CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups

VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund

Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports

Adani Green Energy Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday

No shortage of funds for startups with strong business models: Amitabh Kant

The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India's G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups, with strong business models. Speaking at 'Startup20 Shikhar' event, he advocated a multi-pronged approach of 'fund of funds', credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem. Indian startups have successfully demonstrated the power of population-scale solutions at low cost, he said. Kant said that there is no funding winter in startup space, and pointed to "spring" of capital availability for good startups. The world is flushed with funds looking for well-structured good projects, he pointed out. Kant spoke about the success of India's digital public infrastructure, biometric ID, digital payments, and the strength of its startup ecosystem, and added that the country has demonstrated the huge power of digital ...

Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million

Venture capital firm Epic Capital on Wednesday said announced raising USD 225 million under its Fund II which would invest a major part of the proceeds in technology start-ups. The company is an investor in unicorns such as Lenskart, Pristyn Care, Cure.fit, Dailyhunt and Builder.ai. "Epiq Capital II has been oversubscribed at USD 225 million," Epiq Capital, Founder and Managing Partner, Rishi Navani said. Epiq Capital had set a target to raise USD 200 million for Fund II. It plans to invest a major portion of the Fund II in technology start-ups. The Fund II has marquee domestic and global investors including leading tech entrepreneurs, industrialists, sports & entertainment leaders, family offices, sovereign wealth funds and other institutions. Epiq Capital said that it will continue to invest in exceptional entrepreneurs targeting the large USD 5 trillion digital India opportunity in the next decade. "Most funds have 20-25 companies in their portfolio. We tend to have 8-10 ...

Arkam Ventures launches second fund with a target corpus of $180 mn

Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology

Lenders considering forensic audit of Go First to check on funds

They want to be sure which entities used the loans granted by them to the airline: Sources

M3M director sent to ED custody for alleged diversion of investors' funds

The Enforcement Directorate (ED) on Friday confirmed that it has arrested Roop Kumar Bansal, promoter-director of real estate firm M3M Group, for alleged diversion of Rs 400 crore from the investors

Govt spent railway safety funds on leisure items: Cong cites CAG report

Citing a 2021 CAG report, the Congress on Friday claimed the central government "misused" funds meant for railway safety on crockery, car rentals, furniture, laptops and foot massagers. "This is how funds specifically meant for railway safety were used. This is the CAG's finding," Congress general secretary Jairam Ramesh said on Twitter. Quoting the findings of the March 2021 CAG report, he alleged that the Narendra Modi government has been "misusing" Rashtriya Rail Sanraksha Kosh (RRSK) funds on crockery, car rentals, foot massagers, furniture and laptops. According to an official document, the national transporter spent more than Rs 1 lakh crore on safety measures between 2017-2018 and 2021-22 with a steady growth in expenditure on track renewal. Government sources also indicated that the railways will soon reply to the same Comptroller and Auditor General of India's (CAG) report cited by Congress president Mallikarjun Kharge to attack the Centre over the recent triple train ...

PNB to raise funds via share sale under Employee Stock Purchase Scheme

State-owned Punjab National Bank (PNB) has proposed to raise funds from the sale of up to 15 crore shares under its Employee Stock Purchase Scheme (ESPS). At the current market price, PNB would raise up to Rs 780 crore from the scheme. The bank proposes to issue and allot up to 15 crore new equity shares of the face value of Rs 2 each, ranking pari passu with the existing equity shares for all purposes and in all respects, including payment of dividend, under an ESPS in one or more tranches, PNB said in a notice regarding the annual general meeting. The meeting will be held on June 30, according to the bank. PNB-ESPS would be issued at such price or prices, and on such terms and conditions as may be deemed appropriate by the board in such a way that the government shareholding does not come below 52 per cent. The government holding in the bank stood at 73.15 per cent as on March 31, 2023. In 2018, the bank raised Rs 500 crore from its employees under the staff stock purchase ...

AWE Funds secures $15 mn commitment in first close of maiden fund

Investment platform AWE Funds on Wednesday said it has secured commitment worth USD 15 million in the first close of its maiden fund in India. The fund will invest in scalable innovation primarily across climate and sustainability, food and agriculture, healthcare, and additionally in education and fintech sectors while promoting gender equity and climate action as a differentiated strategy to seek commercial returns for its investors. AWE Funds said it "has secured USD 15 million in aggregate commitments and is targeting an overall fund of USD 45 million with a green-shoe option of an additional USD 15 million." Its 'Achieving Women Entrepreneurs Early Growth Fund I' is registered with SEBI. "The fastest growing market and an under-appreciated resource, in most countries are women. By focusing on gender equity and climate action which are very significantly and inextricably linked, AWE Funds' team is uniquely positioned to identify investment opportunities that deliver superior ..

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 cr

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 crore through issues of units to institutional investors or preferential allotment of units, mainly to fund its proposed acquisition of two commercial properties. Last month, Brookfield India Real Estate Trust (BIRET) and Singapore's sovereign wealth fund GIC had announced an equal partnership to acquire two commercial properties in India for Rs 11,225 crore. The company had proposed to fund the acquisitions through an institutional placement of up to Rs 3,500 crore and said it might also consider other forms of fund raising, including preferential allotment of units. According to sources, Brookfield India Real Estate Trust has started the process to raise funds. When contacted, BIRET spokesperson said that the board of the manager of the REIT has approved an enabling resolution to raise up to Rs 3,500 crore through institutional placement, which is subject to unitholder approval. Of this, Rs 3,400 crore is proposed t

SoftBank Group Corp vision fund loses money mgain despite tech rebound

While SoftBank has lost money off and on for years, the latest results are surprising because technology valuations around the world have largely rebounded this year

Non-BJP state not exercising accountability, wasting funds: Jitendra Singh

Union minister Jitendra Singh on Saturday claimed non-BJP state governments are not exercising accountability and allowing pilferage and wastage of central funds. Addressing a press conference here as part of campaigning for the by-poll, he said the Bhagwant Mann-led Punjab government has been accusing the Centre of holding back funds for the state. However, the matter of fact is that the earlier grants obtained by the state government from the Centre were never utilised for the purpose for which they were meant, Singh, the Minister of State for Personnel, said. "The central grants were used for their own priorities, and now for the release of further funds from the Centre when utilisation certificates (UCs) are being sought, they are unable to produce the same," he added. Many of the central grants instead of being used for development projects are being used for self-publicity through advertisements in newspapers and other media, and for organising extravagant programmes for the

Seeking alpha? Go for factor-based fund, limit exposure to 15-20%

While single-factor funds may underperformance at times, a multi-factor one could offer smoother experience

Growing dominance: Domestic investors now own a quarter of markets

The share stood at 25.72 per cent at the end of the March 2023 quarter, up from 24.44 per cent in the previous quarter, according to data from Prime Database