ASSETS UNDER MANAGEMENT
Franklin India Money Market Fund turns Rs 10,000 SIP to Rs 70 lakh in 23 years
Franklin India Money Market Fund has turned a Rs 10,000 monthly SIP into Rs 70 lakh over 23 years, achieving Rs 3,400 crore in AUM. Offering low risk, high liquidity, and steady returns, it outperformed benchmarks and remains a strong short-term investment option amid a soft interest rate environment.
Assam: Gas spilling incident reported at ONGC field, brought under control
Upon detection, ONGC immediately activated standard safety protocols. The site was promptly secured, and an emergency response team led by the Asset Manager reached the location without delay. We are relieved to report that no fire or injuries to any personnel have occurred, and the situation is now fully under control.
Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs
Integrum Energy and Connplex Cinemas secured IPO approvals from BSE and NSE Emerge, respectively. Integrum plans to fund solar projects and expansion, while Connplex aims to enhance cinema infrastructure in smaller cities. Both firms reported strong FY24 financials, signaling growth potential.
Lumpsum vs SIP: Is caution killing the case for lumpsum?
Mutual fund SIP inflows hit record highs in May amid market rally. Investors are cautious about lumpsum investments due to geopolitical tensions and slowdown fears. Vishal Dhawan suggests hybrid equity funds for lumpsum investments. Equity mutual fund inflows dropped, while hybrid funds saw increased interest. Overall mutual fund inflows decreased, but total assets under management grew.
The End of Banking in Canada? Wealthsimple launches credit card with 2 percent cashback, 2.75 percent chequing, and instant loans in bid to disrupt the Big 6
Wealthsimple is challenging Canada's banking giants by introducing a suite of new financial products. These include a high-interest chequing account, a no-fee credit card with 2% cashback, and an upcoming instant line of credit. The company aims to consolidate savings, spending, and investing into a single platform, offering Canadians a digital-first alternative to traditional banking with competitive rates and rewards.
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Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut
The Denver, Colorado-based company's stock opened 125% higher on Wednesday at $69.75 apiece, above the $31 offer price. Voyager raised $382.8 million by selling nearly 12.4 million shares in an upsized IPO.
Bank of Baroda top bidder in Jet Airways BKC office insolvency auction
Bank of Baroda has emerged as the highest bidder for Jet Airways' 83,000 sq ft office space in Mumbai's Godrej BKC, offering Rs 370 crore. Brookfield Asset Management, which already owns office space in the building, holds the right of first refusal and is likely to exercise it.
NSDL is said to plan $400 million IPO for July
National Securities Depository Ltd. is moving forward with its IPO plans, aiming to raise approximately $400 million. The listing, approved last October, is expected to occur as early as July. The IPO consists of 50.1 million shares offered by major investors like IDBI Bank, National Stock Exchange of India, and State Bank of India.
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows
Gold-based ETFs experienced inflows of Rs 292 crore in May, reversing two months of outflows, driven by resilient gold prices and global uncertainties. Investment demand surged by 170% year-on-year, fueled by strong ETF inflows, particularly in Europe, Asia, and India. Tata Gold ETF emerged as the top performer, offering a 2.53% return in May.
Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City
Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.
How can retail investors benefit from gold and silver ETFs?
Gold and silver prices have recently surged, attracting retail investors. Now, investing in these precious metals is possible through mutual funds. Gold and silver ETFs offer a convenient way to gain exposure without physical ownership. These ETFs trade like stocks and mirror the metals' performance. For those without demat accounts, gold or silver funds provide an alternative.
Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others
Flexiloans, an NBFC focusing on small businesses, secured Rs 375 crore in funding, led by existing investors like Fundamentum and Accion. This capital infusion, a mix of primary and secondary, will fuel its expansion into secured lending and insurance distribution. Flexiloans achieved profitability for three consecutive years, with Rs 263 crore revenue and Rs 3 crore profit in FY24.
Why did equity mutual fund inflows drop by 22% in May?
Equity mutual funds experienced a dip in inflows during May, falling to ₹19,013 crore as investors turned cautious amid high stock valuations. Despite this, SIP investments reached a record ₹26,688 crore. Debt funds saw outflows, while hybrid funds, particularly arbitrage funds, gained traction. Overall AUM for the mutual fund industry increased, driven by market gains.
India's rising household debts are not worrisome: SBI report
It said India's household debt is manageable and not worrisome at all, as two-thirds of the portfolio is of prime and above credit quality and the rise is attributed to a growing number of borrowers rather than an increase in average indebtedness.
ITI Mutual Fund launches new brand identity ‘Diviniti Specialized Investment Fund’
ITI Asset Management has launched Diviniti SIF, a new platform targeting the Specialized Investment Fund (SIF) space. Positioned between mutual funds and PMS/AIFs, SIFs aim to offer flexible, innovative solutions across equity, hybrid, and debt categories. ITI AMC sees this as a strategic move to address evolving investor needs and reshape portfolio management in a dynamic investment landscape.
Pantomath Group asset management arm launches Rs 2,000-cr Bharat Bhoomi Fund
The Wealth Company Asset Management, part of Pantomath Group, plans to launch Bharat Bhoomi Fund. The fund will be worth Rs 2,000 crore. It will target the real estate sector. Rakesh Kumar and Bhavya Bagrecha will lead the fund. Peter Sharp joins as advisor. The fund will invest in data centers, warehousing, and residential projects.
The Wealth Company aims to raise Rs 2,000 cr fund for realty, infra investments
The Wealth Company Asset Management, part of Pantomath Group, aims to raise over Rs 2,000 crore via its Bharat Bhoomi Fund, a Category II AIF targeting execution-ready real estate projects. The fund will invest across data centers, renewables, residential and retail segments, with a strong focus on India's infrastructure-led growth corridors.
Bajaj Finserv announces appointment of Lakshmi Iyer as Group President – Investments
Bajaj Finserv has appointed Lakshmi Iyer as Group President - Investments, effective August 1, 2025. Iyer, a veteran fund manager, brings nearly 27 years of financial services expertise from Kotak Mahindra Group, where she served as CEO of Investments and Strategy at Kotak Alternate Asset Managers Ltd. Her experience includes wealth advisory, strategy, product solutions, deal execution, and fund management.
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
Parag Parikh Flexi Cap Fund, India’s largest flexi cap fund by AUM, added Bharti Airtel and Nesco to its portfolio in May, buying 1.17 crore and 89,469 shares respectively. The fund exited no stocks but raised exposure in eight existing holdings, including Power Grid, Mahindra & Mahindra, ITC, HDFC Bank, Coal India, Zydus Lifesciences, Cipla, and EID Parry.
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Finance Minister Nirmala Sitharaman urged the National Investment and Infrastructure Fund to highlight its achievements. She emphasized proactive fundraising and exploring diverse financing sources. The NIIF's assets under management have increased significantly. The Governing Council acknowledged NIIF's role in mobilizing capital. They reviewed the performance of its various funds.
Commercial real estate: How false promises, legal gaps and poor location choices can make it dud investment
Two buyers share how false promises, legal gaps, and poor location choices turned investment hopes into heavy losses.
Jaiprakash Associates Ltd creditors extend bid deadline by 15 days
Jaiprakash Associates Ltd faces debt resolution. NARCL, the lead creditor, extends the bid submission deadline by 15 days. This decision follows requests from interested bidders. The company owes creditors ₹57,185 crore. Several companies including Adani Enterprises and Dalmia Bharat have shown interest. NARCL holds the majority of the debt. The resolution process continues under the Insolvency and Bankruptcy Code.
Bajaj Finance fixes June 16 as record date for 1:2 stock split, 4:1 bonus equity share
Bajaj Finance has fixed June 16, 2025, as the record date for its 1:2 stock split and 4:1 bonus equity share issue. This comes after a strong Q4 performance, with 19% YoY profit growth, 26% AUM rise, and RBI’s surprise rate cut boosting sentiment.
SEC’s crypto confusion deepens as next-gen ETFs test limits
The SEC faces growing regulatory challenges as it reviews new crypto ETFs that earn yield through staking Ether and Solana tokens. The agency’s inconsistent stance on whether these funds qualify as investment companies highlights unresolved questions about how securities laws apply to digital assets. While the crypto industry pushes for lighter regulation, the SEC grapples with defining the boundaries under the decades-old Howey test, leaving the future of next-gen crypto ETFs uncertain.
Gaja Capital raises Rs 125 cr in pre-IPO round, on track to be first listed PE firm in India
Gaja Capital has raised Rs 125 crore in a pre-IPO round from long-term investors including SBI Life, HDFC Life, Enam, and Jagdish Master, valuing the firm at Rs 1,625 crore. It aims to become India’s first listed standalone private equity firm. The funds will help seed new funds, expand distribution, and explore new strategies, marking a milestone for alternative asset management in India.
Wells Fargo shares hit three-month high as Fed ends growth freeze
Shares of Wells Fargo rose more than 2% on Wednesday after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a crucial milestone in the bank's push to rebuild its reputation and grow further.
Aptus Value Housing shares slump 10% after 8.8% equity stake likely sold in block deal
Aptus Value Housing shares are under the spotlight as Westridge Investments plans a Rs 1,495 crore block deal to sell a 9.8% stake. The company reported a 26% rise in Q4 net profit and strong growth in assets and disbursements. Analysts maintain a ‘Buy’ rating with an average target price of Rs 388, indicating 15% upside potential.
Indel Money reports 52% growth in Assets Under Management and 10% profit increase
Indel Money, a gold-loan NBFC, reports strong growth. Assets under management increased by 52%. The company's AUM reached Rs 2,400 crore. Profit also rose by 10% to Rs 61 crore. NPA levels improved significantly. The company plans to expand further. It aims for Rs 10,000 crore in disbursements in FY26. The NBFC also expects AUM to reach Rs 4,000 crore.
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