Page 2 - Asset Management Companies

Test results: More than Rs 1 trillion AUM of debt mutual funds under stress

The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk

Anand Rathi Wealth surges 17%, hits record high on healthy Q1 performance

The management said the strong performance was fueled by the robust growth in AUM, which witnessed a 32 per cent YoY increase, reaching to Rs 43,413 crore

Project lender Ethos aims to deploy $1 bn for lending in India over 5 yrs

US-headquartered project lender Ethos Asset Management has readied plans for lending in India, and aims to deploy more than USD 1 billion in the country over the next five years, a top official has said. The company typically writes long-term loans which are repaid in about 12 years by the borrowers, and has already deployed over USD 9 billion across many economies in the world including the US, South America and Europe since starting the business in 2012. Its founder and chief executive Carlos Santos told PTI that India's economic growth potential and young demographics are a draw for the firm to look at India. He added that of the ten sectors propelling India growth, six sectors, including infrastructure, energy, agribusiness, manufacturing and information technology, are a key focus for his firm. "We will deploy USD 100 million in the second half of 2023 and deploy USD 200 million in 2024. In 2027, we plan to take it up to USD 350 million," he said, adding that in the next five

Sebi pause on 'total expense ratio' sets off rally in AMC shares

Sebi chairperson says industry will be pleased with the fresh proposal

AMCs rally up to 11% as SEBI defers decision to rationalise TER for MFs

Among individual stocks, HDFC AMC was locked at the temporary 10 per cent upper limit; Nippon Life India AMC surged 11 per cent in Friday's intra-day trade.

Canara Bank initiates process to launch IPOs of two non-core arms: Report

If listed, Canara Robeco AMC will be the fifth mutual fund to list after HDFC, Nippon Life, UTI, and Aditya Birla

Brokerages snip price targets of AMCs on feeble Q4 earnings

See regulatory risks to yields; most maintain 'buy' call on improved valuations, long-term growth potential

Alternative credit firm BlackSoil says FY23 investments grew 55% YoY

Mumbai-based says it is helping start-ups as funding winter continues for sector

Market correction has made valuations more palatable: Jiten Doshi

India's valuations will always command a premium, says chief investment officer of Enam Asset Management Company

Zerodha forms joint venture with Amazon-backed Smallcase for AMC operations

Brokerage house Zerodha on Wednesday said it has formed a joint venture with Amazon-backed wealth management firm smallcase to build an asset management company. The capital markets regulator Sebi's approval has already been received for setting up the joint venture. "While awaiting the final approval of our AMC (mutual fund), we asked if we should build it ourselves or collaborate. Given the 6+ years of experience that @smallcaseHQ has in building investment products, it made perfect sense to create a joint venture (JV) to build the AMC," Nithin Kamath founder and CEO of Zerodha tweeted. He, further, announced that smallcase will help Zerodha in building simple low-cost passive mutual fund products for investors. In September 2021, Zerodha received in-principle approval from Sebi to set up an asset management company. This came after the company applied for a licence to start mutual fund operations in February 2020. The brokerage house is now awaiting final approval from the Se

Fund houses ponder ways to cushion tax blow to debt mutual funds

New offerings, lowering costs, debt-plus arbitrage schemes among measures planned

Increasing efficiency

Lower compliance will help expand the reach of passive funds

There's a huge opportunity for performing credit funds: VAM's Sukumar

Sukumar explains why investment opportunities in this space are expected to grow manifold

Motilal Oswal AMC introduces new features in SWP; calls it 'FAB' plan

At the heart of this offering is the company's vision to give investors more control when planning their long-term financial goals and lifestyle choices

Confirming compliance

Forensic audit of fund houses will boost confidence

Sebi to MF trustees: Do not rely on assurances, evaluate independently

These responsibilities include preventing undue influence of sponsors, market abuse by employees, unfair advantage to associates, conflict of interest between various parties and mis-selling

MFs eye GIFT City route to cross foreign investment limit barrier

Plan products to leverage individual LRS limit for global exposure

Sebi allows active to passive ELSS switch for asset management companies

But regulator says AMCs must shut existing active scheme before offering a passive one

Removing barriers to entry

Policies should focus on improving the ease of entering business, not just the ease of doing business

Sebi permits AMCs to provide advisory services to all FPIs at IFSC

Markets regulator Sebi on Friday permitted asset management companies (AMCs) to provide management and advisory services to all FPIs operating from International Financial Services Centres (IFSCs). This is subject to certain conditions, including that such Foreign Portfolio Investors (FPI) will be allowed to invest in mutual fund schemes other than the schemes in the category of "thematic", the Securities and Exchange Board of India (Sebi) said in a circular. For investment in equity and equity derivative securities listed on recognised stock exchanges in India, the FPIs will not be allowed to take contra-position for six months from the date of purchase or sale of such securities, it said. It has been decided that AMCs may also provide management and advisory services to FPIs operating from IFSC and regulated by International Financial Services Centres Authority (IFSCA) not falling under the categories of FPIs specified by Sebi in its circular issued in December 2019, Sebi said. T