ZEAL GLOBAL OPPORTUNITIES FUND
Indian fintech sector sees 59% drop in funding in H1 2024, remains among top three globally
The fintech sector saw a nearly 60% slump in funding for the first six months of 2024. Startups in the space raised $795 million during this period, as against $1.9 billion in the first half of 2023.
India’s long bonds have become a crowded trade, Edelweiss warns
Edelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
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.
Oyo to use fresh funds for ‘enhanced business plan’ and global push
Oyo's shareholder approval includes issuing Series G CCCPS shares, as per the scrutiniser's report, to raise funds and increase authorized share capital.
Oyo's funding to finance global expansion, acquisitions: filings
ET reported on June 20 that Oyo has received shareholder approval for raising Rs 416.85 crore through preference shares in an extraordinary general meeting (EGM) held on June 18. The shareholders also gave their nod to increasing Oyo's authorized share capital from Rs 901.14 crore to Rs 1,341.14 crore.
Akme Fintrade collects Rs 38 cr from anchor investors; IPO to open on Jun 19
The Udaipur-based company has allocated 31.35 lakh equity shares to anchor investors at Rs 120 each, amounting to Rs 37.62 crore. The company's Rs 132 crore IPO includes a fresh issue of 1.1 crore equity shares, with a price band of Rs 114-120 per share. The subscription period for the IPO will open on June 19 and close on June 21.
- Go To Page 1
Consumer electronics startup Indkal Technologies raises $36 million in funding
Indkal Technologies, a consumer electronics startup, raised $36 million in funding led by Aries Opportunities Fund. The 2020-founded firm manufactures products for global brands like Acer and Black & Decker.
Sectoral/Thematic mutual funds’ AUM grows 80% YoY in May, folios rise 56%. What is brewing?
In May, investors showed significant interest in sectoral/thematic funds, injecting over Rs 19,200 crore in net inflows. This amount marks the highest among its 10 other equity-oriented mutual fund peers. Experts suggest that the increasing influence of this category stems from investors' attraction to themes promising higher growth potential.
Neo Asset raises Rs 2,575 cr for Credit Opportunities Fund
Neo Asset Management has closed its first Special Credit Opportunities Fund, raising ₹2,575 crore from high-net-worth individuals and family offices. The fund targets a gross internal rate of return (IRR) of 22-24% by investing in non-triple-A-rated companies with operating profits.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
Demand under rural jobs scheme eases again in May
Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.
Modi’s election setback only a blip for some global stock funds
“The first thing I did was message my portfolio managers who invest in India to say if Nifty banks are down because of a lower-than-expected mandate for Modi, it’s a buying opportunity,” Sai said in an interview on Tuesday.
Mutual fund houses roll out manufacturing sector-focused schemes; should you bet on this hype?
The buzz around manufacturing sector is driving AMCs to roll out new funds.
Awfis Space Solutions lists at 13.5% premium on NSE
Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
SBI Automotive Opportunities Fund: Is it time to capitalise on opportunities in the world's 3rd largest auto market?
SBI Automotive Fund, managed by Tanmaya Desai and Pradeep Kesavan, offers high exposure to automotive stocks. Experts from WealthMills Securities recommend considering the fund for high-risk appetite investors.
Not booking any profits now; more money coming in which have to be put to work: Mark Mobius
Mark Mobius says not booking any profits because they have more money coming in and they have to put it to work. ans that is not a problem because the markets are very deep now and we can see lots of opportunity, not only in India, but in other parts of the world.
Why Mark Mobius will be looking at largecaps going forward
Mark Mobius discusses the potential of largecaps in India, particularly in the infrastructure and power sectors. He highlights NHPC's entry into hydropower and emphasizes global growth opportunities, while addressing the valuations of public sector entities. Mobius suggests one should keep some cash on the side in the event of a correction where you can buy at much lower prices.
Mark Mobius expands portfolio; finds telecom stocks attractive; adds RattanIndia and Waaree Renewables
Mark Mobius, Chairman of Mobius Emerging Opportunities Fund, discusses the growth opportunities in India, particularly in the telecom, infrastructure, and power sectors. He emphasizes transparency concerns in avoiding bank stocks and highlights the potential impact of Modi's election outcome on the market. Mobius says the power sector is going from strength to strength in every area of material.
Awfis raises Rs 269 crore from anchor investors ahead of IPO
For the anchor portion, Awfis has allocated 7.01 million shares at Rs 383 apiece. The investors include mutual funds such as Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Small Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund and HSBC Global Investment Fund.
Fund Manager Talk: Why Mahesh Patil isn’t the one to time election outcome
The March quarter has seen a slowdown in the topline growth across sectors as the nominal growth has moderated on the high base of last year and cooling off of inflation.
SBI Mutual Fund launches SBI Automotive Opportunities Fund
SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.
ETMarkets Fund Manager Talk: Valuation of PSU stocks isn't as attractive, says Franklin Templeton’s Akhil Kalluri
Akhil Kalluri, VP at Franklin Templeton, discusses PSU stocks, retail liquidity impact, and broader market valuation risks. He also comments on tech stocks, consumption names, and industrial sectors' performance in the March quarter. Kalluri points out that the aggregate topline & EBITDA growth for Nifty 50 names in 4QFY24 so far are relatively muted, in high single digits.
SBI Mutual Fund files draft with Sebi for innovative opportunities fund
SBI Mutual Fund proposes an innovative opportunities fund, aiming for long-term capital growth through investments in innovative companies. Managed by Dinesh Balachandran and Pradeep Kesavan, benchmarked against Nifty 500 TRI.
Metal, PSU & pharma to lead market; FMCG showing signs of bottoming out: Sandeep Tandon
Sandeep Tandon identifies metal, pharma, PSU as emerging market leaders. Recommends buying dips for growth potential. Holds significant positions in Jio, Reliance, and Adani Power. Tandon says: "India tended to suffer a bit from a very near term or short term perspective, but from a long-term perspective, I think India is a structural bull run story for them also."
India is a buy-on-dips market; we have raised a lot of cash unlike in ‘14 & ‘19 elections: Sandeep Tandon
Sandeep Tandon of Quant Mutual Fund analyzes market volatility, emphasizing buying on dips and sector rotation. He discusses India's unique asset class status and anticipates a ferocious market correction with sector resurgences.
Asset manager TPG raises $8 bln for Asia-focused private equity, real estate funds
The fundraising takes TPG's total Asia assets under management to $35 billion, spread across "dedicated Asia-focused private equity, real estate, and secondaries," the Texas, U.S.-based company said.
These 5 equity mutual funds lost more than 5% in April
There were around 507 equity mutual funds in the market. Around 75 schemes offered negative returns in April, according to the data by ACE MF. Here are the equity schemes that lost more than 5% in the month.
Kotak Mutual Fund files draft document with Sebi for special opportunities fund
The minimum application amount for lumpsum, SIP, and additional purchase investments will be Rs 100, and any amount thereafter. The minimum redemption amount for all plans will be Rs 1,000 or 100 units or account balance, whichever is lower.
Load More
