"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management
Others should invest in pure equity and debt funds, or go for EPF and NPS
State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets. As per a BSE filing, PFC Projects is a 50:50 joint venture company with the PFC for taking over stressed/NPA (bad loan) assets in the power sector, subject to requisite approvals. The REC board in a meeting on August 4, 2022, approved a proposal for the subscription of 50 per cent equity shareholding not exceeding Rs 50 crore in PFC Projects Ltd (in the Power Asset Management Company), the filing said. The board also approved the proposal for the sale and transfer of Neemuch Transmission Limited to M/s Power Grid Corporation of India Ltd, the successful bidder selected through a tariff-based competitive bidding process. The board also approved the incorporation of a project-specific special purpose vehicle (SPV), as a wholly-owned subsidiary of REC Power Development & Consultancy Limited ..
Privatisation of state-owned firm held up after money laundering case against top bidder
HDFC Asset Management Company (AMC) on Friday reported a 9 per cent decline in profit after tax at Rs 314.2 crore in the three months ended June 2022. In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 345.4 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company's revenue from operations rose 3 per cent to Rs 521.6 crore in the first quarter of FY23 from Rs 507.1 crore in the same quarter preceding fiscal. Its Average Asset Under Management (AAUM) stood at Rs 4.15 lakh crore for the June quarter. The same was Rs 4.17 lakh crore for the corresponding period last year. HDFC AMC, investment manager to HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.
Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe
The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation
We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO
Veteran financier Ashok Wadhwa talks to Pavan Lall about mistakes and opportunities
In comparison, the company had a profit after tax (PAT) of Rs 166.77 crore in the same quarter preceding fiscal, NAM India said in a regulatory filing to stock exchanges
The hiring spree is expected to jack up costs for the industry
Baroda Mutual Fund and BNP Paribas Mutual Fund recently merged to become Baroda BNP Paribas Mutual Fund. Its CEO Suresh Soni spoke to Krishna Veera Vanamali on markets and the mutual fund industry
CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country
SBI currently holds 63 per cent stake in the mutual fund company and the remaining 37 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding
Despite differences over the projected size of this market, a growing number of PE funds are testing the waters
Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid
Elaborating on her strategy, Ramnath, who is CEO, said it was 'fairly ambitious'
The CEO of an asset management company run by the country's largest MF distributor talks about how the fund house plans to create a niche and avoid conflict of interest
Recent entrants are leveraging technology and low-cost 'passive investing' to attract customers in an industry where market penetration is low
A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested