Page 2 - Assets Under Management

NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre

Plans to expand capacity to over 300 Mw in 7-8 years; taps SBI for term loan

HDFC Top 100 Fund: The top 30% ranking and steady asset growth

The fund's month-end assets under management (AUM) increased from Rs 17,715 crore in January 2021 to Rs 30,980 crore in January 2024. Rahul Baijal has been managing this fund since July 2022

Stress disclosures on small, mid-cap funds by AMCs from March: Report

In a bid to maintain stability, instil investors' confidence and enhance transparency, market regulator SEBI and AMFI, a body representing the mutual fund industry, have directed fund houses to provide additional disclosures for small and mid-cap funds from this month, officials said. The additional disclosure parameters for mutual fund managers include valuation, volatility, investor concentration and stress tests, they said. "We have instructed AMFI to direct AMCs to disclose certain additional data points relating to valuation, volatility, investor concentration, and the percentage holding in small and mid-cap stocks, along with disclosures on stress testing results," SEBI wholetime member Amarjeet Singh said at an event organised by Indian Chamber of Commerce. The stress test results are expected to reveal the time it may take for Asset Management Companies (AMCs) to liquidate securities equivalent to 25 per cent and 50 per cent of the Assets Under Management (AUM) of the scheme

IndiGrid acquires solar power plant at an enterprise value of Rs 1,550 cr

Infrastructure investment trust IndiaGrid on Friday said it has completed the acquisition of 300 MW solar project at an enterprise value of Rs 1,550 crore. With this asset addition, IndiGrid's portfolio now consists of 19 solar projects across eight states of the country with a total generation capacity of 1.1 GWp. IndiGrid's total Assets Under Management now stands at Rs 28,200 crore, an IndiGrid statement said. "IndiGrid, India's first and largest listed power sector infrastructure investment trust (InvIT), today announced that it has consummated transaction of 300 MW AC solar asset for an enterprise valuation of around Rs 15,500 million, exclusive of net working capital and cash adjustments, in line with the share purchase agreement that was signed in January 2024," it said. This acquisition has been funded through a combination of equity, internal accruals, and debt and will add Rs 80 crore of net distributable cash flow, to IndiGrid, every year. The net debt/AUM will be 63 pe

On a comeback trail, Franklin Templeton MF plans series of debt launches

Timeline not fixed, choice of fund will depend on investor demand

Shriram Finance sees assets under management growth slowing to 15% in FY25

"For this year, we may end up at an AUM growth of around 20% because the first three quarters have been good," Umesh Revankar said

Mutual fund exposure to corporate bonds nearly flat in five years

Fund managers' preference for sovereign bonds in the recent past has also impacted MFs' corporate bond investments

Lending rates almost peaked, reduction to follow over next 1 year: Bhutada

Bhatuda says that as far as passing of the reduction of rates to customers is concerned, the same will follow the interest rate movement across the industry

Retail investors' share in MF AUM goes past 60% for the first time in Dec

The retail pie in the MF AUM has been inching upwards for some years now, with the pace picking up after the Covid-19 pandemic

BlackRock quarterly profit rises on strong assets under management

Hopes of a soft landing - a scenario where inflation eases without a sharp rise in unemployment - have cheered markets in recent months

Top 10 mutual funds' share in total AUM dips below 80%, shows analysis

These fund houses had an average AUM of Rs 38.8 trillion in the third quarter (Q3) of 2023-24, which is 79 per cent of the total industry AUM of Rs 49.2 trillion

Bajaj Finance's AUM post 35% growth, cross Rs 3 trn mark in Dec 2023

In Q3FY24, the company's AUM improved by nearly Rs 20,700 crore

Indiabulls HFC may have to provide Rs 1,000 cr for AIF investments impact

Indiabulls' Assets Under Management (AUM) stood at Rs 63,569 crore as of September 30, 2023, comprising Housing Loans (72%), Loan Against Properties (15%), and commercial credit (13%)

Vehicle loan AUM for NBFCs to cross Rs 8 trillion in 2024-25: CRISIL

The growth in AUMs will be driven by rising demand for commercial vehicles, cars, utility vehicles, and two-/three-wheelers

Domestic, international funds tracking Nifty indices grows 53% in 10 years

According to the index provider, seven new passive funds tracking Nifty indices were launched in Japan and Korea in 2023

Nifty Indices AUM surges to Rs 5.8 trillion as global interest grows

With the new additions in 2023, the number of Nifty index-linked global passive funds has gone up to 21

Bajaj Allianz Life's assets under management crosses Rs 1 lakh crore

Bajaj Allianz Life Insurance on Wednesday said its assets under management has surpassed the Rs 1 lakh crore mark. The Pune-based leading private sector life insurance player in a statement said this makes them one of the fastest growing life insurers among the top-10 players and the AUM touching Rs 1 lakh crore reflects a 1.8 times growth from Rs 56,085 crore in FY20. Bajaj Allianz Life Managing Director and Chief Executive Tarun Chugh said this is a milestone and is a testament to the trust that the customers have in the company. In the last three years till August 2023, the company has grown exponentially with the individual new business annual premium equivalent growing at 41.3 per cent at a compounded rate as against the industry growth rate of 13.5 per cent and the private sector's 22.4 per cent. This significant growth revival has helped the company achieve the Rs 1,00,000 crore AUM milestone. At an overall industry level, the market share of Bajaj Life has almost doubled f

Fedbank Financial Services posts 25.12% growth in profit during Q2FY24

The Net Interest Income (NII) of the company rose by 29 per cent to Rs 207.30 crore from Rs 160.40 crore in the second quarter of the financial year 2023

Shriram Life insurance posts Rs 70 cr net profit in first half of 2023-24

Shriram Life Insurance announced an 88 per cent increase in new business premium for retail and group policies in H1FY24 at Rs 860 crore compared to the year-ago period

Godrej Capital eyes Rs 10,000 cr AUM by Jan, hit Rs 50,000 cr by 2028

Godrej Capital, the financial services arm of the diversified conglomerate Godrej Group, has planned to grow its assets under management (AUM) to Rs 50,000 crore by 2028, a top official said on Thursday. The company which commenced operations in 2020 achieved "break-even" in the second quarter of the current financial year, company Managing Director and CEO Manish Shah said here. To achieve the balance sheet of Rs 50,000 crore by 2028, the company would require an additional Rs 4,000 crore capital, Shah noted. "We received the license (to launch operations) in October 2020.. we want to grow AUM to Rs 50,000 crore by 2028..This year we expect to reach Rs 10,000 crore that is by March 2024," he told reporters. "The company received around Rs 2,000 crore as capital from the holding company of the Group. Every year, we require about Rs 1,000 crore as equity capital. To reach Rs 50,000 crore AUM we will require about Rs 4,000 crore," he said. By 2026, Shah said, the company aims to man