On February 15, 2024, just three months after its launch, Zerodha Fund House—a joint venture between India’s largest stockbroking firm Zerodha Broking and portfolio investing platform smallcase Technologies—attracted 100,000 investors and Rs 500 crore in assets under management (AUM). The fund house took just 40 more days to accomplish the next Rs 500 crore in … Read more
Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more
HDFC Defence Fund-Reg(G), which was a top performer among the equity mutual fund schemes in April with returns of 12.56%, added three new stocks to its portfolio in the month gone by. These were Garden Reach Shipbuilders & Engineers, JNK India and Mazagon Dock Shipbuilders. Meanwhile, the scheme increased its holding in seven stocks while … Read more
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
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 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
“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
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
“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
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