NJ Mutual Fund's Struggle to Scale Despite Strong Backing
NJ Mutual Fund, backed by India's second-largest distributor, has grown slowly due to niche strategy, limited schemes, and organic approach, trailing newer peers in assets.
Category : Search result: asset management company
Kenya Launches Record $824M Pipeline IPO to Revive Market
Kenya plans to raise $824 million through an IPO of state-run Kenya Pipeline Company, marking its first major equity sale in over a decade to fund infrastructure amid high debt.
ICICI Pru AMC Q3 Profit Jumps 45% to Rs 248 Crore
ICICI Prudential Asset Management Company reports a strong 45% year-on-year increase in net profit for Q3 FY25, reaching Rs 248 crore, driven by robust growth in assets under management.
Groww to Sell 23% Stake in Asset Management Arm
Groww, the popular investment platform, plans to sell a 23% stake in its asset management subsidiary to raise capital for expansion and new initiatives.
Financial Checklist for Indians Moving Abroad as NRIs
Moving abroad requires careful financial planning to avoid tax issues and penalties. This guide covers banking changes, asset management, and compliance steps for a smooth transition to NRI status.
State Street Invests ₹580 Cr in Groww Mutual Fund
State Street Global Advisors invests ₹580 crore in Groww Asset Management Co. The deal includes secondary and primary capital, diluting Billionbrains' stake by up to 23%.
Mohali to create six solid waste management zones
Mohali Municipal Corporation restructures waste management into six zones post-delimitation. New RMC points planned to tackle rising waste. Read about the sanitation overhaul.
Prudential's PGIM Considers Selling India Asset Management Arm
Prudential Financial's PGIM is exploring a sale of its loss-making Indian asset management business, acquired from Deutsche Bank in 2015, as rivals like BlackRock double down on the market. Sign up for key market insights.
Techno Paints Plans Rs 500 Crore IPO, Eyes Major Expansion
Hyderabad's Techno Paints targets a Rs 500 crore IPO by 2026-27. Backed by Sachin Tendulkar, it plans nationwide growth and Middle East entry, aiming for Rs 2000 crore revenue by 2030. Read more.
Sebi extends mutual fund distributor incentive timeline to March 1
SEBI postpones new mutual fund distributor incentive scheme to March 1, 2026, to boost investment from B-30 cities & women. Details on commission structure inside.
Sebi extends mutual fund distributor incentive deadline
SEBI defers new mutual fund distributor incentive scheme to March 1, 2026. The plan targets new investors from B-30 cities and women investors nationwide. Get the details.
Sebi extends mutual fund distributor incentive deadline to March 1
SEBI defers new mutual fund distributor incentive scheme to March 1, 2026, giving AMCs more time. Plan aims to boost investors from B-30 cities and women. Read details.
FSS First Indian Payments Firm to Get ISO/IEC 42001 AI Certification
Financial Software and Systems (FSS) becomes the first payments company in India, ME, APAC & SA to achieve ISO/IEC 42001 certification for AI management. Read about this landmark achievement.
FSS First Indian Payments Firm to Get ISO/IEC 42001 AI Certification
Financial Software and Systems (FSS) becomes India's first payments company to achieve ISO/IEC 42001 certification for AI management systems. Read about this landmark achievement.
Jefferies Seeks Ex-CEO Testimony in First Brands Case
Jefferies presses to question First Brands founder under oath amid a $715M invoice scandal. The legal battle intensifies as the former CEO cites the Fifth Amendment. Read the full details.
Michael Burry warns US on Nvidia, bets against AI
Michael Burry, famed for predicting 2008 crisis, warns US AI strategy reliant on Nvidia's power-hungry chips is flawed. He reveals billion-dollar bets against Nvidia and Palantir.
Gandhinagar Garba Ticket Scam: Rs 4.4 Lakh Lost to Fake Screenshots
An Ahmedabad event company lost over Rs 4.4 lakh during Navratri after a fraudster used fake bank transfer screenshots to obtain tickets. Police have filed a case under BNS sections for cheating and criminal breach of trust. Read the full details.
UAE's New Inheritance Laws: What Expats Must Know
UAE's new laws bring clarity for expats on inheritance, asset distribution, and wills. Learn how Federal Decree-Law No. 51 of 2024 impacts your finances and family's future.
Macquarie Invests £245M More in Southern Water
Macquarie Asset Management commits an additional £245 million to UK's Southern Water, finalising a year-long rescue deal to prevent a credit downgrade and upgrade infrastructure. Read the full story.
Multi-Asset Funds with 18%+ Returns in 2025
Discover the top-performing multi-asset allocation mutual funds that delivered up to 22.61% annualised returns in 2025. Learn why past performance is crucial but not a guarantee for future gains.
Edelweiss Sells 10% Stake to WestBridge Capital
Edelweiss Financial Services completes divestment of 10% stake in its asset management business to WestBridge Capital. Deal values Edelweiss Asset Management at ₹3,000 crore. Read details.
Activist Investors Circle US Banks, Spurred by Deregulation
A new wave of activist investors, led by HoldCo, is targeting US regional banks like Comerica & KeyCorp. Trump's deregulation could fuel more campaigns in 2026. Read the full analysis.
Mutual Funds 2025: AUM Rs 80.5T, Multi-Asset & Hybrid Funds Shine
Despite volatile markets in 2025, Indian mutual fund AUM grew to Rs 80.5 trillion. Multi-asset funds delivered 16% returns, while new income-plus-arbitrage funds gained tax-savvy investors. Discover key trends and what to expect in 2026.
Go Digit Merges with Holding Company, First Post-Law Change
Go Digit General Insurance's board approves merger with its holding company, Go Digit Infoworks Services, marking the first such deal after insurance law amendments. The move aims to streamline structure and cut costs.
Indian ETF Assets Surge Past ₹10 Lakh Crore Milestone
India's ETF market crosses ₹10 lakh crore in assets, driven by surging retail participation and growing demand for gold and silver ETFs. Discover how this shift impacts investors.
Delhi pushes for centralised land asset database to curb encroachments
Delhi government mandates all land-owning departments to submit property details for DAMIS, a centralised online system aimed at preventing encroachments and improving asset management.
Mutual Funds Resist Sebi's Performance-Linked Fee Proposal
Indian mutual funds express concerns over Sebi's proposal for performance-based expense ratios, citing calculation complexity and revenue uncertainty. Key industry voices weigh in on the challenges.
ICICI Prudential AMC Lists at 20% Premium, Tops HDFC AMC
ICICI Prudential AMC's blockbuster IPO lists at a 20% premium, making it India's most-valued asset management company with a market cap of nearly Rs 1.28 lakh crore. Discover the key details and market impact.
ICICI Prudential AMC Lists at 20% Premium
ICICI Prudential AMC made a blockbuster stock market debut, listing at a 20% premium. The IPO was subscribed 39 times. Read full details on the listing, broker views, and financials.
SEBI Mutual Fund Reforms Boost Transparency, Pressure AMCs
SEBI's new mutual fund TER reforms enhance investor transparency and returns. Near-term pressure on AMCs expected, but long-term benefits for retail investors are significant. Learn the details.
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