“The key drivers have been increased in number of clients, increased per client AUM, increase in overall AUM, and increase in the relationship managers, the team size. So, all these factors have contributed to the growth which we have been able to achieve in the last quarter,” says Anand Rathi, Anand Rathi Group.What have been … Read more
HDFC Pension Fund Management has become the first private sector pension fund manager to surpass Rs 1 lakh crore assets under management (AUM). The assets under management (AUM) of the company have doubled in the span of 16 months, mainly due to a significant 34.1% growth in its subscriber base, which currently exceeds 2.1 million … Read more
Quant Mutual Fund: Mutual fund investors were shocked after the Securities and Exchange Board of India (SEBI) initiated a probe against AMC Quant Mutual Fund over charges of front running. The regulatory body has identified trading behaviours indicating potential front-running activities by an individual connected to the fund. In response to these findings, the Asset … Read more