Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equities

Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equities

ET Intelligence Group: If you thought D-Street has primarily an American accent, you might need to visit Mumbai again. Last year, funds based in Ireland, Norway, Luxembourg, and Japan raised their bets on India, ploughing in record funds into local risk assets.Ireland’s share in the equity assets under management (AUM) of foreign portfolio investors witnessed … Read more

FPI custodians finalise disclosure exemption rules

FPI custodians finalise disclosure exemption rules

Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more

Pension schemes aiming to reach AUM of Rs 12 lakh cr by March-end; added 97 lakh subscribers in 2023: PFRDA chief

Pension schemes aiming to reach AUM of Rs 12 lakh cr by March-end; added 97 lakh subscribers in 2023: PFRDA chief

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

We have given a 25% plus growth target for this year: HP Singh, Satin Creditcare Network

We have given a 25% plus growth target for this year: HP Singh, Satin Creditcare Network

“So, we are predominantly rural. If you look at the complete AUM, this consists of about 80% which is rural. So, the rural economy is doing well with probably normal rainfall and normal monsoon being there,” says HP Singh, CMD, Satin Creditcare Network. Now, you managed to post a growth of 26% on a year-on-year … Read more

ETMarkets Fund Manager Talk-Inflation unlikely a major cause of concern in medium term: Gautam Sinha, ICICI Pru Life

ETMarkets Fund Manager Talk-Inflation unlikely a major cause of concern in medium term: Gautam Sinha, ICICI Pru Life

MUMBAI – The euphoria built in equities in the last 5 months somewhat fizzled out after inflation concerns resurfaced this month with the Reserve Bank of India’s hawkish view and firming up of oil prices. However, this time around neither is inflation going to be a major cause of concern nor will it lead to … Read more

ETMarkets Fund Manager Talk: This money manager with AUM of Rs 1600 cr sees growth coming from BAM stocks

ETMarkets Fund Manager Talk: This money manager with AUM of Rs 1600 cr sees growth coming from BAM stocks

“The next leg of growth will come from BAM (B)anking, (A)uto & Auto Ancillaries and (M)anufacturing stocks,” says Manoj Bahety, CFA, Founder at Carnelian Capital Advisors LLP. In an interview with ETMarkets, Bahety, said: “We also like telecom space in India, which after years of consolidation is well placed to reap benefits of operating leverage, … Read more

New SIP accounts hit another high in September, help keep the rally going

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ET Intelligence Group: Registration of new systematic investment plans (SIPs) continues to grow at a robust pace, and this is helping local funds expand their dominance, which in turn is powering the stock market rally. New SIP account registrations increased to a record 2.68 million in September 2021, according to data from the Association of … Read more

Mutual fund SIP account additions hit a record in August

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Investors continued to increase exposure through the systematic investment planning (SIP) route in August amid the sustained momentum in the stock market. New SIP account registration hit a record 24.9 lakh in the month, showed the data from the Association of Mutual Funds in India (AMFI). The number of registrations in August was nearly 2.5 … Read more

Indian banking and financial sector at an inflection point

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The banking and financial services sector offers many investment opportunities. It is closely linked to the economy and has the potential to grow faster than the economy. This is reflected on the fact that the share of financial services in India’s market capitalisation has increased from ~6 per cent in FY01 to ~24 per cent … Read more

Crypto inflows hit $4.9 billion as of mid-April: Coinshares data

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NEW YORK: Inflows into cryptocurrency funds and products hit $4.9 billion as of April 16, with the pace of increase slowing a bit in the first two weeks of the month after hitting record levels in the first quarter, data from digital currency manager Coinshares showed on Tuesday. Inflows in the first two weeks of … Read more