Hsbc Asset Management

Stocks, bonds, real estate: Where do India's rich entrepreneurs invest?

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

HSBC weighs cost-cutting plan of up to $300 million, targeting top ranks

Reported $300 million in savings would be a fraction of group costs that reached $16.3 billion in the first six months this year, 5 per cent higher than in the same period a year ago

HSBC CEO Quinn announces surprise retirement, banks looks for successor

One of the main tasks for Quinn after he took over was to improve returns for shareholders, and he sought to do that by shrinking the bank's footprint in non-profitable markets

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds

CCI approves acquisition of L&T AMC by HSBC Asset Management

Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd. "Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet. The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Ltd and its nominees, a notice filed with the regulator said. Simultaneously, there will be a change in the sponsorship, trusteeship, management and administration of the L&T Mutual Fund schemes managed by L&T AMC. The L&T MF schemes will be managed and operated by HSBC AMC, and HSBC Trustee will be appointed as the trustee of the L&T Mutual fund. "Pursuant to the proposed transaction, the L&T MF will comprise part of and be considered to form an integral part of the HSBC Mutual Fund ...

HSBC says its profit tripled in 2021 to $12.6 billion, outlook 'good'

The bank sold its French retail business to American investment group Cerberus in June, marking another step in plans to focus on Asia and trim exposure to Europe and North America

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

HSBC AMC acquires L&T Finance's mutual fund unit for Rs 3,200 cr

The divestment of mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, says the company

Fintech company Smallcase enables ETF transactions with four AMCs

Move will enable investors to seamlessly buy Smallcase-curated ETFs from the websites or apps of HDFC AMC, Motilal Oswal AMC, Axis AMC and DSP Investment Managers

FIIs have become marginal players in Indian equity markets: Tushar Pradhan

In a Q&A, he says that as for earnings growth, the cycle is bottoming out