Shares of banks and NBFC shares like Bajaj Finance on Thursday rose up to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and … Read more
Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty has said that the pension schemes, such as the National Pension System (NPS) and Atal Pension Yojana (APY), have added 97 lakh new subscribers in 2023, taking the total subscriber base to 7.03 crore as of December 31, 2023. Of the total subscribers, 5.3 crore … Read more
Notwithstanding top performance of Indian headline indices, AIF benchmarks have outperformed the S&P BSE Sensex, generating an internal rate of return (IRR) alpha of 13.5% as of March 2023, a CRISIL report reveals. This outperformance is not limited to a handful of funds as over 75% of them in the benchmark have generated a positive … Read more
Mumbai: Cosy deals that finance companies cut with private equity (PE) houses to palm off risky builder loans and soften the hit on bottom lines are under the lens of financial market regulators questioning a popular fund structure involving ‘senior-junior’ investors. Over the past two years, some of the large non-banking finance companies (NBFCs) have … Read more
Mumbai: The finance ministry’s department of economic affairs has asked the capital markets regulator to consider providing special exemption to government-sponsored Alternative Investment Funds (AIF) from the new governance requirements, said two people privy to the development. In September, the Securities and Exchange Board of India (Sebi) had issued a new set of rules for … Read more