The buy-to-sell ratio of equity funds reached an 18-month high of 2.1 in August helped by the new fund offers (NFOs) from sector funds, according to data from the Association of Mutual Funds in India (AMFI). This compares with the long-term average ratio of 1.6. A ratio greater than two indicates that buying inflows are … Read more
India’s wealth management industry is entering a pivotal phase, with current assets under management (AUM) estimated between $1-1.2 trillion. As India accelerates its trajectory as the fastest-growing economy coupled with a dynamic investment landscape, the Indian wealth management industry is poised for sufficient expansion. This growth is underpinned by the ‘Triple Multiplier Effect’ – the … Read more
Quant Mutual Fund has crossed Rs 1 lakh crore asset under management (AUM) in August. The fund house has over 81 million unique investors within just a few years, according to a release by the fund house. The fund house mentioned that, “At quant, we are today acknowledging our emotional connection with our stakeholders, which … Read more
Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year. Among the most well-known buyers that have emerged are hedge funds like Millennium Management, which … Read more
Gold ETFs saw an inflow for the second consecutive month in June of Rs 726.16 crore, according to the monthly data released by AMFI. The category saw an inflow of Rs 827.43 crore in May and an outflow of Rs 395.69 crore in April. In the first six months of 2024, the category received a … Read more
Tata Equity P/E Fund, managed by Tata Mutual Fund, completed 20 years on June 29. The scheme has given 19.47% returns since its inception. The scheme manages assets worth Rs 7,904 crore as of May 2024. Launched in June 2004, the scheme has offered 17.04% returns in 10 years, 21.14% returns in five years, 25.78% … Read more
Mumbai: IndiaFirst Life Insurance will launch its public issue within the next 18 months if it is able to consistently achieve quarterly growth that’s higher than the industry’s pace, newly appointed chief executive Rushabh Gandhi told ET. Gandhi said the “IPO plan has been deferred but not shelved”, and will align with market conditions, which … Read more
