Page 11 - Funds

Active large-cap funds outperform benchmarks as rally gets broad-based

Average one-year return at 48% versus Sensex's 45% gain

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

India's first venture fund by startup founders launched with $85 mn corpus

The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)

Taliban demanding funds, recruiting people in Balkh province of Afghanistan

The Taliban in Balkh province are collecting funds forcefully and also recruiting local people, according to officials

Vivriti Asset Management launches two debt AIFs

Vivriti Asset Management has raised commitments of over Rs 1,500 crore across its funds and provides tailored debt of Rs 25-75 crore to emerging and mid-sized operating companies, for 2-5 year tenor.

Coforge board approves proposal to raise Rs 375 cr via various instruments

IT firm Coforge Ltd, erstwhile NIIT Technologies, on Tuesday said its board has approved plans to raise up to Rs 375 crore through various instruments

Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses

Investors in the fund include family offices such as Narayana Murthy's Catamaran, Fund is already committed to two deals worth $44 million, one of which is API Holdings, parent company of PharmEasy

Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company

The promoters have raised these funds by means of a long-term instrument having tenure greater than three years with no repayment obligation prior to that

Indiabulls Housing Finance gets board nod to raise over Rs 7,000 crore

Indiabulls Housing Finance said its board of directors has approved a proposal to raise over Rs 7,000 crore through various financial instruments

Lenskart's launches Vision Fund for select startups in eye-care space

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

Financial conditions index takes big knock in Q1 due to second wave

Despite drag reading on index holds out optimism: IBA-CII

CoCreate Ventures, PES Varsity roll out fund to back startups at campuses

The fund, called PESU Venture Labs, provides up to $150,000 in funding and other services to help firms build products and test out unit economics

J&K govt suspends 13 officers for unauthorised withdrawal of funds

The Jammu and Kashmir government has suspended 13 officers for unauthorised withdrawal of developmental funds

BSE StAR MF signs MoU with GUMCCSL to deepen network for rural engagement

BSE StAR MF, India's largest mutual funds distributor platform, has signed a memorandum of understanding with Godavari Urban Multi State Credit Co-Op Society Ltd (GUMCCSL) at Nanded

IIM-A, BITS grads launch $1 mn fund to support & invest in student startups

Abhishek Sethi and Prateek Behera, graduates from IIM-A and BITS Pilani, respectively, have launched $1 million fund to support and invest in startups founded by college students

Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin

Mortgage financier Shriram Housing Finance (SHFL) Friday said its promoter Shriram City Union Finance will infuse Rs 500 crore in the company. Shriram City Union Finance (SCUF) has already invested Rs 200 crore and plans to infuse the remaining amount over the next two years, SHFL said on Friday. The board of Shriram City Union Finance has also approved an investment of up to Rs 500 crore into SHFL over the next two years, Rs 200 crore of which has been invested now, SHFL said in a release. The current infusion will increase SCUF's holding in SHFL to 81.16 per cent from the existing 77.25 per cent, it said. SHFL Managing Director and CEO Ravi Subramanian said the capital infusion will help the company expand its business and support growth plans for the next 12-15 months. We have had a great FY21 and with this capital at our disposal, we expect to ride out the second wave of the pandemic and come out stronger in FY2022, he said. With this investment, SHFL's net worth has increase

To generate alpha, investors should opt for factor-based funds: Experts

As they have a short history, take only a small exposure to these funds initially in your satellite portfolio

Laxmi Prasad: Air India bidder who tried to buy everything under the sun

Prasad is putting his financial muscle behind the employees' resolve to run the airline

India is the world's best market for portfolio disclosure, finds study

The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard

Abu Dhabi's Mubadala reviews equities fund in investment shake-up: Report

Mubadala Investment Co manages more than $230 billion in assets