AUM
Bajaj Finance aims at ₹10 lakh-cr loan book by FY29; likely to look within for next MD
Bajaj Finance is preparing for a leadership transition. Rajeev Jain's successor will be an internal candidate. The company aims to finalize succession plans within six months. Jain's term extends until March 2028. Bajaj Finance targets significant growth. They project a profit of ₹43,000 crore by FY29. The firm also plans to expand its customer base substantially.
Deepak Shenoy owned Capitalmind Mutual Fund crosses Rs 100 crore AUM mark in 35 days
Capitalmind Mutual Fund’s first scheme, Capitalmind Flexi Cap Fund, crossed Rs 100 crore AUM within 35 days of launch, reflecting strong investor participation, disciplined strategy, and community-driven confidence in its evidence-based wealth creation approach.
Dividend stock investing: How ICICI Prudential MF's Mittul Kalawadia balances growth with yields
ICICI Prudential AMC's dividend yield strategy, led by Mittul Kalawadia, balances yield sustainability with growth potential across market caps. The fund dynamically adjusts sector exposure based on business cycles and valuations, focusing on long-term wealth creation. This approach has delivered strong returns, making it a core component for investors seeking diversified equity allocation.
Know Your Fund Manager | Sorbh Gupta, Head- Equity, Bajaj Finserv AMC
I was born in Binnaguri, near Darjeeling in West Bengal, where my father worked as a tea estate manager. I spent my childhood in Darjeeling and completed my primary education at a convent boarding school there.
Bhutan, India ink 570 MW Wangchhu hydropower project deal
Bhutan's Prime Minister Tshering Tobgay hailed the Wangchhu Hydropower Project agreement with Adani Power Ltd. as a historic step in Bhutan-India's clean energy collaboration. During his India visit, which included diplomatic meetings and spiritual engagements, he met with EAM S Jaishankar, reaffirming the strong partnership between the two nations.
Mind Over Money| From badminton court to markets — discipline drives Shridatta Bhandwaldar’s ₹1 lakh crore AUM journey
Shridatta Bhandwaldar, Head of Equities at Canara Robeco AMC, manages over ₹1 lakh crore, drawing parallels between badminton and investing. He emphasizes discipline, focus, and resilience, honed through sports and music, as crucial for navigating volatile markets. Bhandwaldar's philosophy centers on scalable, capital-efficient businesses with quality leadership, viewing investing as a journey of self-discovery.
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REITs, InvITs AUM crosses Rs 9 lakh cr in 9yrs; may touch Rs 25 lakh cr by 2030: Industry bodies
Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) instruments are becoming popular in India as their combined assets under management have crossed Rs 9 lakh crore in the last nine years, according to industry bodies IRA and BIA.
Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via deal
While the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making an exit and the founders continuing to run the show.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Zomato, Swiggy's GST woes; Amazon's $200-million Axio deal
With the overhaul of India's GST regime, food delivery companies Zomato and Swiggy stare at a new tax burden. This and more in today's ETtech Top 5.
AMFI announces appointment of new Chairman and Vice Chairman
AMFI has appointed Sundeep Sikka as its new Chairman and Vishal Kapoor as Vice Chairman, effective immediately. The leadership change follows the tenure of outgoing Chairman Navneet Munot and Vice Chairman Anthony Heredia, as the industry body continues its work on investor protection and mutual fund growth.
Gold ETF GLD Stock: SPDR Gold share price enjoys bull run. Check price target, outlook
Gold ETF GLD or SPDR Gold Shares offers its investors innovative, cost efficient and secure way to access the gold market.
India’s VC AUM surges to Rs 4.9 lakh crore led by domestic capital and small funds: Fibonacci X
India's venture capital AUM has surged fivefold in a decade, reaching Rs 4.9 lakh crore, propelled by domestic funds and family offices. Funds below Rs400 crore are key drivers, though top VCs yield seven times higher returns. Domestic limited partners now constitute 39% of new funds, up from 20% two years prior, strengthening the local investor base.
Domestic mutual funds now own 10.6% of NSE-Listed companies, highest ever: NSE Pulse Report
Domestic mutual fund ownership in NSE-listed companies hit a record 10.6%, driven by strong SIP inflows and rising retail participation. Active funds hold 8.6%, passive 1.9%. Combined direct and indirect individual ownership now stands at 18.5%. Both active and passive equity AUMs show robust growth, reflecting sustained investor confidence.
Bima Vistaar: New insurance product set to launch in rural India by December 2025
Bima Vistaar, a comprehensive insurance product covering life, health, and property for rural populations, is expected to launch by December 2025. All insurance companies will offer the product at a uniform price, providing a Rs 5 lakh cover per individual, aiming to increase insurance penetration in rural India.
It's raining commissions for mutual fund distributors. See who earned the highest
Mutual fund distributors in India experienced a lucrative FY2025, with commissions surging 40% to ₹21,000 crore. NJ Indiainvest and Prudent Corporate Advisory led the pack, securing ₹2,610 crore and ₹1,060 crore in commissions, respectively. This growth was fueled by a surge in new fund offerings (NFOs), which raised a record ₹89,800 crore.
MF Commission payouts surge 40% YoY to Rs 21,000 crore in FY25; NJ India, Prudent gain most: Kotak Institutional Equities
In FY2025, India’s mutual fund commission pool rose 40% to Rs 21,000 crore, benefiting independent distributors over banks. NFOs fueled strong earnings, while direct equity share modestly grew. Despite regulatory evolution and competition, India remains a commission-driven market, with potential long-term shifts toward advisory-led, fee-capped, or disclosure-focused models.
Blackstone eyes clean energy foray with O2 Power cofounder
Blackstone may soon enter India's green energy sector. They are in talks with Parag Sharma to launch a renewable energy platform. Sharma previously sold O2 Power to JSW Energy. Blackstone plans to invest at least $500 mn in this venture. This move aligns with India's goal of 500 GW renewable energy by 2030.
Why asset allocation matters: Investors chase equities, but biggest gains were elsewhere
Indian investors continue pouring record inflows into equities despite the Nifty 50 slipping 2.9% in the past year. Meanwhile, gold and silver have surged over 46%, emerging as top-performing assets. Yet, precious metals remain under-owned in portfolios, highlighting the importance of diversification and asset allocation for stability and returns.
Sebi's cybersecurity framework to ease burden, say experts
Vikas Garg, partner, Deloitte India, said Sebi's enhanced cyber rules substantially improve market security. However, this is overwhelming for smaller firms, and they may face considerable challenges due to increased costs and technical demands.
Riding the growth wave: Top 4 affordable housing finance companies to watch in 2025
Affordable housing finance companies (AHFCs) are outperforming other non-banking financial companies, driven by lower borrowing costs and rising demand. Policy support and low mortgage penetration in mid- and low-income segments are expected to fuel further growth. While competition and rising costs pose challenges, AHFCs are poised to capture a significant share of the affordable housing finance market.
Critical elements shaping the new growth curve of capital markets
India’s capital markets are poised for a new growth phase driven by retail participation, ETF and index fund adoption, and expanding REIT and InvIT markets. Stablecoins and unified regulatory frameworks could further deepen liquidity, boost investment diversity, and enhance market oversight over the next decade.
India-focused funds continue to see redemptions for fifth consecutive week: Elara Capital
India-focused funds saw $78 million outflows in the fifth straight week, though redemptions eased from prior weeks, Elara Capital reported. ETFs drove all withdrawals, while long-only funds posted their first inflow in seven weeks, led by HSBC Global Investment Funds and Ashoka WhiteOak ESG Funds.
More Indians now put nest eggs in MF basket: Mutual funds comprise 6% of household savings
Indian households are increasingly favoring mutual funds (MFs) over traditional bank deposits, with MF share in gross financial savings rising to 6% in FY23 from under 1% in FY12, according to RBI economists. This shift reflects a growing appetite for financial risk, influenced by factors like increased financial inclusion and business confidence.
Nippon India Silver ETF crosses Rs 10,000 crore AUM marking historic milestone for India’s silver investment landscape
Nippon India Silver ETF crossed Rs 10,000 crore AUM, reflecting growing investor acceptance. Offering transparent, cost-efficient, and convenient exposure to silver, the ETF benefits from global demand, diversification, and strong returns, delivering a 17.07% CAGR since its 2022 launch.
Equity mutual fund inflows surge 81% to Rs 42,673 crore in July: ICRA Analytics
Equity mutual funds witnessed a significant surge in inflows, jumping 81.06% month-on-month to ₹42,673 crore in July 2025, driven by retail investors seeking long-term wealth creation. Sectoral and thematic funds led the way, followed by flexi-cap and small-cap funds, reflecting optimism in India's economic trajectory. SIPs and improved financial literacy have helped investors navigate market volatility more rationally.
AMC stocks soar on record inflows, but analysts warn of overvaluation risks
Asset management companies have seen significant stock gains this year, fueled by record inflows and expectations of relaxed regulations. However, analysts caution that increasing industry competition and stretched valuations may moderate future gains. New entrants and potential listings could further intensify competition, potentially leading to a correction in AMC stock prices.
Sebi clarifies on cybersecurity and cyber resilience framework
SEBI has clarified that its cybersecurity framework applies only to systems exclusively used for regulated activities, accepting RBI-equivalent compliance. Critical systems are defined broadly, encompassing core operations and client-facing applications. Zero-trust principles are encouraged, while mobile app guidelines are recommendatory. The regulator also revised thresholds for regulated entities, categorizing Portfolio Managers by AUM and Merchant Bankers based on activity.
Jio Financial AGM: Here are the top 5 takeaways and hints for RIL AGM
Jio Financial Services (JFS) revealed ambitious expansion plans at its AGM, showcasing significant growth in its lending business, with AUM surging to Rs 11,665 crore. Strategic partnerships with Allianz and BlackRock signal JFS's entry into insurance, asset management, and securities broking.
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