Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and … Read more
Here’s a look at what India’s second-biggest fund house HDFC Mutual Fund (MF) bought and sold in the month of January. (Data Source: Nuvama) Source link
Investments through the systematic investment plan or SIP route has been buoyant for the mutual fund industry, particularly in the last 2-3 years, with the figure hitting new records month after month. Ask any fund manager today and he/she would mostly recommend a retail investor to go for staggered investments into equities through the SIP … Read more
Jio Financial Services, the company which was carved out of Reliance Industries (RIL) and listed on the exchanges on August 21, 2023, saw mutual funds sell shares worth Rs 2,850 crore in September according to estimates given by brokerage house Nuvama. A lion’s share of it was offloaded by SBI Mutual Fund (MF) followed by … Read more
Mumbai: The market rally in July has made MF’s Prashant Jain the first fund manager in India to oversee Rs 1-lakh-crore equity assets. Jain manages Balanced Advantage, Flexi Cap and Top 100 funds at HDFC MF, apart from an India-dedicated scheme under exclusive mandate from a sovereign wealth fund. The total AUM (assets under management) … Read more
(This story originally appeared in on Jun 16, 2022) Mumbai: Net foreign fund outflow from India in 2022 has crossed the Rs 2-lakh-crore mark, the biggest annual figure ever and more than double the previous high of Rs 80,917 crore recorded in 2018. Of the total, over 90%, or about Rs 1.9 lakh crore, was … Read more
MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET. The company will also raise about Rs 3,500 … Read more