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Assets Under Management

Aided by branch expansion, Moneyboxx Finance's AUM rises 56% to Rs 837 cr

Moneyboxx Finance, which provides business loans to micro and small entrepreneurs, has reported a 56 per cent increase in its assets under management (AUM) to Rs 837 crore at the end of December 2024, aided by branch expansion and enhanced productivity. Its AUM stood at Rs 536 crore in December 2023. In a release, Moneyboxx said that in the third quarter of the current fiscal, it moved towards establishing a pan-India presence by launching operations in key southern states, including Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. In line with this expansion, the company said its strategic focus on secured lending yielded strong results, with secured loans accounting for 38 per cent of AUM in the third quarter of fiscal 2024-25, more than doubling from 17 per cent in the year-ago period. Moneyboxx Finance reported a 30 per cent growth in profits in the nine months of fiscal 2024-25 at Rs 6.53 crore, compared to Rs 5.02 crore in the year-ago period. Its profit in the third ...

Updated On: 24 Feb 2025 | 6:05 PM IST

IIFL Finance likely to see a drop in annual earnings, says Fitch Ratings

Earlier this month, IIFL Finance reported an 8 per cent fall in loan assets under management to Rs 71,410 crore ($8.24 billion) for the first nine months of the fiscal year that ends in March

Updated On: 24 Feb 2025 | 3:52 PM IST

Consumption funds: Budget boost and young spenders to drive theme

The Budget's tax cuts, with an estimated revenue foregone of Rs 1 lakh crore, are expected to improve sentiment and have a multiplier effect on consumer demand

Updated On: 06 Feb 2025 | 10:35 PM IST

Aditya Birla Capital Q3 results: Net profit down 4% at Rs 708 crore

Margins under pressure for NBFC unit

Updated On: 03 Feb 2025 | 7:44 PM IST

TVS Holdings acquires 80.74% stake in Home Credit India for Rs 554 crore

Following the deal, together with TVS Credit, the Group is eyeing a lending book size of Rs 50,000 crore in the next three years

Updated On: 03 Feb 2025 | 5:42 PM IST

Mutual fund investors hold steady despite SIP losses, shows latest AUM data

As of January 28, the AUM of largecap funds was down only 3.7 per cent since the end of December 2024, compared to a 4.3 per cent fall in the Nifty 100

Updated On: 31 Jan 2025 | 12:15 AM IST

Multi-asset funds hit afterburners: AUM growth reaches critical mass

Inflows and fund launches reshape asset landscape

Updated On: 26 Jan 2025 | 10:09 PM IST

Highways Infra Trust eyes Rs 25K crore AUM this FY: Gaurav Chandna

The company's growth is fueled by the infusion of Rs 5,500 crore from its key investors- KKR Fund and Ontario Teachers' Pension Plan (OTPP)

Updated On: 24 Jan 2025 | 11:33 PM IST

Passive funds' share in total MF AUM declines despite growing popularity

From peak of 17.7%, it dips to 16.6% while active schemes advance

Updated On: 21 Jan 2025 | 11:11 PM IST

Top 5 Mutual funds deadlift Rs 11 trillion in assets, shows data

AUM heavyweights SBI, HDFC, and ICICI Pru, flex muscle, adding Rs 2 trillion+ each

Updated On: 19 Jan 2025 | 9:44 PM IST

Sebi proposes increasing threshold for granular disclosures by FPIs

Market regulator plans to double the threshold to Rs 50,000 crore

Updated On: 10 Jan 2025 | 11:26 PM IST

Grihum Housing Finance plans to raise funds up to Rs 5k cr via NCDs in CY25

We aim to raise approximately Rs 4,500-Rs 5,000 crore over the next 12 months, with a significant portion targeted through capital markets for a tenure of 3-4 years, says Manish Jaiswal

Updated On: 27 Dec 2024 | 8:21 PM IST

Zomato surpasses HUL, Nestle in Sensex with a weightage of 2.77%

Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle

Updated On: 23 Dec 2024 | 11:57 PM IST

NPS' assets under management to touch Rs 15 trn by FY end: PFRDA Chairman

The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday. At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge. This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants. The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .

Updated On: 21 Dec 2024 | 6:19 PM IST

StanChart targets $200 bn new assets; focuses on Chinese, Indian wealthy

StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent

Updated On: 04 Dec 2024 | 11:07 PM IST

Baazar Style Retail makes market debut; Quant MF joins Rs 1 trn AUM club

Quant Mutual Fund (MF) on Friday announced that its assets under management (AUM) has crossed the Rs 1 trillion mark

Updated On: 06 Sep 2024 | 10:56 PM IST

CapitaLand Investment to double funds under management in India by 2028

Eyes private credit for real estate, renewable energy

Updated On: 04 Sep 2024 | 9:17 PM IST

Higher valuations driven by 'bumper' growth expectations: Raamdeo Agrawal

Multiples will come down if the companies fail to deliver on earnings growth, he said

Updated On: 03 Sep 2024 | 8:59 PM IST

SMFG India Credit eyes Rs 60k cr AUM by 2024-25, to focus on sustainability

Sumitomo Mitsui Financial Group (SMFG) India Credit, one of the leading non-banking financial companies, is eyeing assets under management (AUM) to be Rs 60,000 crore by the end of the current financial year 2024-25. A statement by the company on Tuesday said that in the last fiscal, the total AUM was Rs 45,000 crore. The NBFC will also expand the branch network to expand its reach. In the last two years, 300 branches were added, mostly in Tier 2 cities and rural areas. The total number of branches of the NBFC now stands at 1000, the statement said. The company will focus on sustainable development and inclusive prosperity, it said.

Updated On: 03 Sep 2024 | 4:25 PM IST

Balanced advantage funds: Equity exposure dips as valuations kicks off

HDFC MF exposure drops below 50%, ICICI MF at 20-month low

Updated On: 22 Aug 2024 | 2:09 AM IST