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- Kal Somani has taken full ownership of IPL’s Rajasthan Royals, valuing the Jaipur franchise at about $1.6–1.63B. Beating The Times Group, Somani, formerly a minority holder, now leads a consortium backed by Walmart-linked investors and US business families, acquiring 100%.
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DSP Mutual Funds on Thursday launched its first US bond fund, joining the likes of Bandhan, Aditya Birla Sun Life and Axis to offer investors an avenue to invest in US treasuries amid elevated yields and growing rate cut expectations.
The DSP US Treasury Fund of Fund (FoF) will actively manage its allocation across seven US-based exchange-traded funds (ETFs). These ETFs have allocation to papers of varied duration, ranging from one month to 10 years.
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First Published: Mar 07 2024 | 7:14 PM IST