AUM

Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year

Industry experts say it could help attract global players

AUM grew 29% YoY in Q4 to Rs 2.47 trillion

Mirae Asset Investment Managers India hopes to close the current year with an AUM of Rs 1.5 lakh crore, up from Rs 1.20 lakh crore in December 2022, on the back of aggressive growth in systematic investments plans and its forte of equity-linked funds. Mirae Asset is the only Korean fund operating in the country and since its entry in 2008, it has grown to become the 12th largest fund house in the country with an AUM of Rs 1.16 lakh crore as of February 2023. Mirae Asset is fully-owned by the Mirae Financial Group of Seoul that globally manages over USD 225 billion assets. Mirae, whose large-cap fund has an AUM of over Rs 30,000 crore, and an emerging fund with Rs 24,000 crore, has two subsidiaries in the country -- wealth management and a zero-brokerage equity broking arm. As much as 90 per cent of its AUM are deployed in active equity funds, while the passive funds constitute Rs 3,000 crore, Swarup Mohanty, the chief executive of the fund house, told PTI. "We're seeing good tract

Investors take a shine to the systematic investment route for equity investment

MF heads are divided over the lack of talent in the industry

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to around 1.9 trillion rupees to 2 trillion rupees

Number of women fund managers rises YoY to 42, but is still below 10% of overall figure of 428; While their count is growing, their share in AUM is declining steadily

The higher deposit run-down, coupled with optically higher loss in Q4, could weigh on the stock performance in the near-term

Launches upgraded app with conversational user interface as firm turns seven

Chennai-based company is expanding EV presence by forming tie ups with original equipment manufacturers

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Brokerages have an upside bias for silver in 2023 as they see strong demand for the metal amid the global green energy push and rising industrial demand

The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, data from the Association of Mutual Fund Industry (Amfi) showed on Tuesday. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021. "The industry grew at a slower pace in 2022 due to uncertainty in stock markets, and changing interest rate scenarios affecting the business environment at large. Understandably, investors have been in step with these changes by reallocating their investments between equity, debt and hybrid schemes," Gopal Kavalireddi, Head of Research at FYERS, said. While, the growth of 42-player mutual fund space in 2021 was mainly braced by a rally in the stock markets. The incre

Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) on Friday said the asset under management is likely to be around Rs 9 lakh crore this financial year due to market volatility. "Earlier, we were looking at an AUM of over Rs 10 lakh crore, however, due to the Russia-Ukraine war and other geopolitical scenarios the market was volatile and we are hoping to be over Rs 9 lakh crore," PFRDA Chairman Supratim Bandyopadhyay told reporters. There has been an increase in fresh funds to Rs 1.5 lakh crore as of December 2022 compared to Rs 1.3 lakh crore in the previous fiscal. As of December 2022, the number of subscribers for the National Pension Scheme (NPS) and Atal Pension Yojana (APY) grew by 24.62 per cent to 606.07 lakh from 486.35 lakh in January 2022. According to PFRDA data, the net invested contribution as on December 31, 2022, from the central government grew to Rs 1.65 lakh crore from Rs 1.37 lakh crore on January 1, 2022, states rose to Rs 3.24 lakh cro

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year

'Strong regulations are crucial for the orderly development of the market. Even a slip-up can break the trust of investors. We welcome the Sebi regulations'

Multi-cap funds, with their higher exposure to mid- and small-caps, can outperform but with higher volatility

Company added Rs 600 crore in assets in six months, as it makes recoveries from acquisitions earlier

But overall AUM has increased a mere 6%