Page 2 - Aum
Edelweiss Energy InvIT raises Rs 2,300 crore; to invest in energy assets
AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar
 "Edelweiss Energy InvIT raises Rs 2,300 crore; to invest in energy assets")
80% of net SIP investments in Sept go into active equity schemes: Data
Investment advisors recommend the SIP route for investment in volatile asset classes to maximise the benefit of rupee cost averaging
 "80% of net SIP investments in Sept go into active equity schemes: Data")
Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF
Milestone achieved within three years of launch of first tranche
 "Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF")
Bharat Bond ETF cross Rs 50,000 crore assets under management mark
Bharat Bond Exchange Traded Funds, a central government initiative, have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years, Edelweiss Mutual Fund said on Wednesday. The fund house manages Bharat Bond Exchange Traded Funds (ETFs). The overall passive debt category has crossed Rs 1.15 lakh crore mark at the industry level this growth was kickstarted by the launch of the first tranche of the Bharat Bond ETF in December 2019, according to a statement. So far, five tranches of Bharat Bond ETFs have been launched. There are 5 different maturities offered by the fund ETFs -- 2023, 2025, 2030, 2031, and 2032 -- which can help investors to choose the right maturity according to their needs. "The success of Bharat Bond ETFs is a testament to the financial strength of PSUs and the trust that they inspire in investors. We are happy that our maiden debt ETF has achieved phenomenal success," Tuhin Kanta Pandey, Secretary DIPAM, Ministry of Finance, said. The
 "Bharat Bond ETF cross Rs 50,000 crore assets under management mark")
Fund houses rush to acquire talent as tightening of compliance rules weighs
New hires demand compensation beyond standard hikes to make up for impact on take-home pay due to the skin-in-the-game norms; seasoned professionals quit in droves
 "Fund houses rush to acquire talent as tightening of compliance rules weighs")
Net inflows into equity MFs jump 130% to Rs 14,100 crore in September
SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).
 "Net inflows into equity MFs jump 130% to Rs 14,100 crore in September")
Poonawalla Fincorp AUM grows 21% YOY to Rs 3,270 crore in Sept quarter
Sequentially, its consolidated asset portfolio expanded by 5% over Rs 17,660 crore at end of June 2022
 "Poonawalla Fincorp AUM grows 21% YOY to Rs 3,270 crore in Sept quarter")
Housing finance companies' AUM to grow 10-12% in FY23, says CRISIL
Meanwhile, one segment where HFCs have been growing relatively faster is affordable housing loans, where competition from banks is limited
 "Housing finance companies' AUM to grow 10-12% in FY23, says CRISIL")
Retail MF assets top Rs 20 trillion for the first time in August
More retail investors now take the MF route for investing rather than direct investing
 "Retail MF assets top Rs 20 trillion for the first time in August")
Shriram Group lowers growth guidance for merged finance biz in FY23
To slash excess liquidity from a 6-month to 3-month level
 "Shriram Group lowers growth guidance for merged finance biz in FY23")
BlackSoil crosses $300 mn in venture debt deals, predicts robust market
Company that provides debt capital says its assets under management have grown 55% YoY
 "BlackSoil crosses $300 mn in venture debt deals, predicts robust market")
UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion
 "UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake")
Share of debt mutual funds in industry AUM wilts markedly, shows data
The share of debt MFs has been consistently sliding after the pandemic, with interest rates headed south and stock markets ascending
 "Share of debt mutual funds in industry AUM wilts markedly, shows data")
HDFC-HDFC Bank merger could set off Rs 48k-cr Nifty50 churn: Brokerage
Market players seek clarity from exchanges on the exclusion rule
 "HDFC-HDFC Bank merger could set off Rs 48k-cr Nifty50 churn: Brokerage")
Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report
Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030
 "Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report")
HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter
It looks to raise $1.1 billion in external commercial borrowing
 "HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter")
Bajaj Finance's first-quarter net profit surges 159% y-o-y to Rs 2,596 cr
Shares of the company closed at Rs 6,393.75 - up 2.14 per cent from the previous days' close
 "Bajaj Finance's first-quarter net profit surges 159% y-o-y to Rs 2,596 cr")
LIC MF aims to increase assets under management to Rs 30,000 cr this fiscal
LIC Mutual Fund expects to make gains from IDBI Mutual Fund merger and new fund launches which will help in increasing its assets under management to Rs 30,000 crore by March.
 "LIC MF aims to increase assets under management to Rs 30,000 cr this fiscal")
MF industry AUM hit 11-month low, stocks of 4 firms underperform
The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.
 "MF industry AUM hit 11-month low, stocks of 4 firms underperform")
Spandana Sphoorty's Q4 consolidated net profit declines 42% to Rs 28.6 cr
The MFI aims to double assets to Rs 15,000 cr by FY25
 "Spandana Sphoorty's Q4 consolidated net profit declines 42% to Rs 28.6 cr")
