MANAGER
Managers of your Money
A fund manager is a part of the investment team at a fund house and one of the most important persons responsible for building the portfolio, monitoring it, generating returns and ensuring it runs in line with the objectives and mandate of the fund.
Flood situation prevails in Assam's Kaziranga National Park as water rises considerably
Following days of heavy rainfall, a flood situation has emerged in Assam's Kaziranga National Park, inundating 167 camps. Park official DFO Arun Vignesh confirmed the rise in water levels and the evacuation of eight camps. The floods in Assam have claimed 38 lives, affecting over 11.34 lakh people in 28 districts. Majorly impacted areas include Lakhimpur, Darrang, and Golaghat. The Assam State Disaster Management Authority reports that 42,476.18 hectares of crops and 2,208 villages have been submerged in the second wave of floods. Local efforts are underway to manage the crisis.
Groww Asset Management, trustee settle case with Sebi; pay Rs 9 lakh
Groww Asset Management Ltd (formerly known as India bulls Asset Management Company Ltd) and its trustee have settled with markets watchdog Sebi a case pertaining to alleged violation of regulatory norms after paying Rs 9 lakh. This came after the applicants Groww Asset Management Company and Groww Trustee Ltd (earlier known as India bulls Trustee Company Ltd) proposed to settle the alleged violation by "neither admitting nor denying the findings of fact".
Sebi proposes mutual fund lite norms for passively managed mutual fund schemes
Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities.
Former SoftBank managing partner Lydia Jett joins Flipkart board
Lydia Jett previously joined Flipkart’s board as a representative of SoftBank in 2017. She had exited Flipkart’s board after stepping down as SoftBank's managing partner in February this year. Meanwhile, Flipkart has been aiming for profitability amid changes in senior management and layoffs prompted by cost-cutting earlier this year.
Sebi proposes MF Lite norms for passively managed mutual fund schemes
Markets watchdog Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements.
WeWork India appoints Janak Malkani to drive expansion in managed office business
WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace solutions. WeWork India's flexible workspace market has seen significant growth, with a third of its business driven by the Managed Office portfolio, serving notable enterprise members.
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
The Emkay Capital Builder AIF is designed to generate long-term capital appreciation for investors through a carefully curated portfolio of equity and equity-related securities. The fund will maintain a multi-cap portfolio comprising approximately 20-25 stocks, ensuring a diversified and balanced investment strategy.
SBI manager in Telangana arrested for siphoning Rs 3.3 crore
SBI Ramanthapur branch manager, Ganga Mallaiah Bhageeratha, was arrested for siphoning Rs 3.3 crore from customers' loan accounts. He transferred the funds to personal and family accounts. Accused of cheating and forgery, Bhageeratha and Shaik Saidulu from CAG Banjara Hills branch manipulated loan approvals with fake documents, tricking account holders into transferring excess funds. Bhageeratha is in judicial remand.
Big 4’s management consulting arms gain muscle
The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.
Diabetes management made easier: Your guide to a healthier lifestyle
Proactively collaborating with healthcare professionals for personalized strategies enhances diabetes management, leading to improved overall well-being and better health outcomes.
GEM Enviro Management shares list at 90% premium on BSE SME platform
Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
National Housing Bank Recruitment 2024: NHB invites applications for managerial positions. Here are the details
NHB Recruitment (Google Trends): The National Housing Bank (NHB) has announced NHB Recruitment 2024, offering 48 vacancies across various roles including General Manager and Chief Economist. Applications start on 29 June 2024, closing on 19 July 2024. This recruitment drive aims to strengthen the housing finance sector workforce. For details, visit www.nhb.org.in.
Buy Computer Age Management Services, target price Rs 4200: Motilal Oswal
Computer Age Management Services Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 17968.44 Crore) operating in Financial Services sector.
Huge flows into sector, thematic MFs make wealth managers edgy
As per data from Franklin Templeton, sectoral and thematic funds garnered ₹70,072, or 31% of the total net inflows of ₹2.27 lakh crore, in the past 12 months. This helped make sectoral funds the second-largest equity mutual fund category after flexi-cap funds, with assets of ₹3.37 lakh crore, constituting 13% of the total equity mutual fund assets of ₹25.4 lakh crore.
Bobby Jain raises $5.3 billion in mega hedge fund debut
The premiere caps a busy year for Jain - former co-chief investment officer at Millennium Management - who has travelled the world pitching his fund. He initially aimed to gather as much as $10 billion. But after struggling to hit that goal, he cut client fees to entice investors and reduced his target to between $5 billion and $6 billion.
How to manage the inner critic during a mid-career pivot
Imposter syndrome can hinder career growth during mid-career transitions, impacting confidence and leading to feelings of inadequacy. Understanding its triggers and managing it is crucial for professionals looking to change careers.
Prestige One appoints Colliers Project Leaders as project manager
This strategic agreement underscores Prestige One's commitment to maintaining its top position in the real estate market by leveraging the expertise of renowned global firms.
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