Aum

Shriram Finance targets Rs 5,000 cr AUM for green lending in 3-4 years

Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference

LIC MF may consider IPO once AUM reaches Rs 1 trillion: MD RK Jha

LIC Mutual Fund might consider an IPO once its asset under management (AUM) reaches the Rs 1 lakh crore mark, which it was targeting by FY'26, a top official said on Friday. At present, LIC MF's AUM was around Rs 38,000 crore, a significant jump from Rs 16,526 crore in FY'23. "We have grown by 67 per cent in FY'24 and our current growth run rate is 30 per cent," LIC MF Asset Management Ltd MD and CEO RK Jha told PTI. He said the current equity contribution across all funds is 47 per cent, with debt accounting for the remaining 53. Institutional and corporate investors have put their money mostly in debt funds, while retail participation is skewed towards equity, he added. "We want retail or equity weightage to grow to 65-70 per cent when we hit Rs 1 lakh crore," he said, acknowledging the ambitious nature of the target with 15 months remaining. Jha said that to achieve it, LIC MF has taken several initiatives. Among them is expanding its offices by tapping the vast network of Lif

Corporate bond funds: High credit quality, moderate duration risk

According to the Securities and Exchange Board of India (Sebi), corporate bond funds must allocate at least 80 per cent to corporate bonds rated AA-plus or higher

Equity mutual funds log Rs 34,419 crore net inflows in September

Inflows into equity schemes positive for 43rd; MF industry AUM tops Rs 68 trn

Equity rally fuels fastest quarterly growth in MF assets in five years

Average AUM rises 12.3 per cent sequentially to Rs 66.2 trillion

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.

Microfinance industry AUM up 22% at Rs 1.4 trillion till June, shows data

The loan amount of Rs 26,223 crore was disbursed in Q1 FY24-25 through 56.8 lakh accounts, including disbursement of owned as well as managed portfolios

ITI Mutual Fund projects to reach Rs 1 trn AUM in next five years

ITI Mutual Fund aims to reach Rs 1 lakh crore AUM in the next five years, as an increasing number of people are choosing mutual funds through systematic investment plans. ITI MF's asset under management (AUM) increased nearly 2.4 times to Rs 8,791 crore in July 2024 from Rs 3,698 crore in March 2023. Mayukh Datta, chief business officer of the AMC, said the mutual fund industry has about 4.80 crore unique PAN investors. It currently has 9.34 crore live SIP accounts with Rs 13.09 lakh crore in the AUM. He further said that as of March 31, 2024, there were 74.67 crore PAN holders in India, and 60.5 crore PAN were Aadhaar-linked. "So, we are yet to have 10 per cent of the investible population, i.e. PAN card holders, yet to come to the mutual funds universe. There is enough of runway for new investors to enter the mutual fund industry," Datta said in an interaction with PTI. He further said India remains in a golden spot on the world map, with expected growth outpacing most global ..

Family offices AUM growth projected at 14% over next 3 yrs: Report

Family Offices in India projected for 14 per cent growth in Asset Under Management (AUM) and a 5 per cent increase in alternative investments over the next 3 years, a report said. AUM for mid to large-sized family offices in India will grow at a Compound Annual Growth Rate (CAGR) of 14 per cent over the next three years, potentially increasing by 1.5 times, a report by Sundaram Alternates titled 'From Legacy to Leadership' said. This report highlights the significant evolution of family offices as they transition from wealth preservation to a growth-focused mindset. Indian family offices are increasingly embracing alternative investments, with a projected 5 per cent increase in allocations to 18 per cent over the next three years, it said. This aligns with a global trend, where family offices allocate more than 50 per cent of their assets to alternatives, it said. The shift reflects a strategic move toward diversification, niche investment strategies, and active participation in .

Capitalmind gets Sebi's in-principle approval to launch MF business

Investment management company Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business. As a portfolio manager, Capitalmind currently manages over Rs 2,200 crore in assets under management (AUM) for more than 1,150 clients, boasting a strong annual client retention rate of 98 per cent. Since its inception, the Bengaluru-based company has doubled its AUM every financial year, driven by robust portfolio performance and steady inflows. This growth has resulted in wealth creation exceeding Rs 1,000 crore for clients in less than seven years. "Receiving Sebi's in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance," Deepak Shenoy, CEO of Capitalmind, said. "We look forward to establishing Capitalmind Asset Management Company to meet

Thematic funds emerge as largest MF category; AUM doubles in a year

Flexicap slips to the second spot, largecap to fourth

Piramal Enterprises Q1 results: Net profit down 64% at Rs 181 crore

The retail AUM, which accounts for 72 per cent of the total AUM, increased by 43 per cent Y-o-Y to Rs 50,000 crore

Market regulator Sebi imposes Rs 3 lakh penalty on Nippon Life India AMC

Sebi allows AMCs to pay expenses of very small value but high volume out of the AMC's books up to a maximum of 2 basis points of the respective scheme's assets under management

Mkt regulator Sebi sets riders for university funds disclosure exemptions

Says exemption will be granted only if the fund's India equity AUM is less than 25% of the global AUM and global AUM is higher than Rs 10,000 crore

MF AUM increases to 29% of bank deposits on equity rally, inflows

In the financial years ending March 2023 and March 2022, MFs had cornered over 6 per cent of household savings. In FY21, this figure had been a mere 1.3 per cent, according to RBI data

Quant MF confirms reports of search and seizure ops for the first time

Quant MF claims to have received no further communication from the regulator since the searches were conducted

Record inflows, equity rally drive MF AUM past Rs 60 trillion: Amfi data

Industry adds latest Rs 10 trillion in just six months

Go for money market funds with a large AUM and low expense ratio

MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk

Piramal Finance plans to double retail AUM to Rs 1 trillion by FY28

Since the acquisition of DHFL in 2021, the goal has been to build on its strong customer franchise in smaller towns

IIFL Finance Q4 results: Profit down 6% to Rs 430.6 cr on higher provisions

For FY24, its consolidated net profit rose by 23 per cent to Rs 1,974.2 crore from Rs 1,607.5 crore in FY23. Its NII rose by 38 per cent Y-o-Y to Rs 4,153.8 crore in FY24