ASSET MANAGEMENT
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.
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.
Char Dham Yatra resumes after rain halt in Uttarakhand
The Chardham Yatra has resumed after a five-day suspension due to severe weather. The pilgrimage to Yamunotri, Gangotri, Kedarnath, and Badrinath was halted from September 1st to 5th. Meanwhile, the Uttarakhand government is seeking Rs 5,702.15 crore in central assistance to repair monsoon damage and prevent future infrastructure failures.
6 equity mutual funds offer over 30% CAGR on lumpsum investments in 5 years
Six equity mutual funds—five small caps and one mid cap—delivered over 30% CAGR on five-year lumpsum investments, with Quant Small Cap Fund leading at 34.98%. Most other funds posted double-digit returns, highlighting strong long-term growth, while performance varies based on fund type, AMC, and market conditions.
UTI Mutual Fund appoints Vetri Subramaniam as new MD and CEO
UTI Mutual Fund has named its CIO, Vetri Subramaniam, as the new MD and CEO, effective February 1, 2026, succeeding Imtaiyazur Rahman. Subramaniam's promotion occurs during a period of rapid growth and increasing competition in the mutual fund industry. He will face challenges in managing talent and maintaining margins amidst new players.
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.
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UTI Asset Management announces appointment of Vetri Subramaniam as MD and CEO
UTI Asset Management Company has appointed Vetri Subramaniam as the next MD and CEO, effective February 1, 2026, succeeding Imtaiyazur Rahman. Rahman, who has led the company since 2018, will transition to a Strategic Advisor role. Subramaniam, currently CIO, will assume the role of "MD & CEO Designate" immediately, ensuring a seamless leadership transition.
Blackstone Real Estate elevates Tuhin Parikh, Asheesh Mohta
Blackstone has appointed Tuhin Parikh as Vice Chairman of Real Estate Asia and Executive Chairman of Real Estate India, while Asheesh Mohta will take over as Head of Real Estate India. These changes are part of a broader restructuring of Blackstone's APAC Real Estate business. Blackstone is a major investor in India, with USD 20 billion invested in real estate.
Rise Infraventures targets Gross Transaction Value of Rs 1,000 cr through commercial leasing
Rise Infraventures aims for significant growth in commercial leasing. The company targets a Gross Transaction Value of over Rupees one thousand crore. This will be achieved within the next 12 to 18 months. Focus will be on Grade A offices, retail spaces and warehouses. Rise Infraventures plans expansion across Tier-1 and Tier-2 cities.
FlexLeaze aims for Rs 150–175 crore revenue by FY25–26 with innovative asset leasing solutions
FlexLeaze, offering fitout-as-a-service and asset leasing, aims for ₹150–175 crore revenue by FY26, driven by multinational clients and expanding into warehousing and IT hardware. By converting fixed costs into operational models, FlexLeaze enables businesses to scale efficiently. Integrating design, build, and lease financing, they simplify infrastructure delivery.
Dev Accelerator announces price band for its IPO. Check GMP and other details
Dev Accelerator is launching its IPO with a price range of Rs 56 to Rs 61 per share. The IPO will be open from September 10 to 12. The company aims to raise up to Rs 143 crore through this fresh issue. Proceeds will fund new centers and debt repayment. Shares will be listed on both BSE and NSE.
Japan 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
Citibank appoints Kaustubh Kulkarni as co-head of investment banking for Asia-Pacific
Citibank has appointed Kaustubh Kulkarni as co-head of investment banking. He will oversee operations in Japan, North Asia, Australia, and South Asia. Kulkarni will join from JPMorgan. He will be based in Singapore. Vikram Chavali and Deepak Dangayach have also been appointed to key roles. Citi's investment banking revenues increased by 15% in the second quarter.
MUFG to launch $680 million Japan real estate fund
Mitsubishi UFJ Financial Group is set to launch a 100 billion yen real estate fund targeting underperforming assets in major Japanese cities. The fund aims to improve the attractiveness of mid-sized offices, residential properties, and hotels in Tokyo, Osaka, and Nagoya.
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Japanese super-long dated bonds experienced a downturn, pushing yields to unprecedented highs amid renewed concerns about the nation's financial stability. This market reaction followed news of a close aide to Prime Minister Shigeru Ishiba intending to resign. The 30-year JGB yield surged by 8 basis points to 3.28%, while the 20-year JGB yield climbed 7 bps to 2.
How can investors effectively allocate to gold through mutual funds and ETFs?
Domestic gold prices have risen sharply, attracting new investors. Mutual funds offer an easy way to invest in gold. Investors can buy gold ETFs or gold funds. These funds eliminate storage worries and purity concerns. There are 21 gold ETFs managing significant assets. Gold has delivered strong returns over the past decade.
Fintech Kapital becomes Mexico's latest unicorn with $1.3 billion valuation
Kapital closed a funding round led by Tribe Capital and Pelion Ventures, giving it access to up to $100 million, it said in a statement, with its total valuation topping $1.3 billion.
Invesco Mutual Fund gets Sebi nod for 60% stake transfer to IIHL
Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (IIHL), according to sources.
Equity mutual fund rally: 16 funds offer over 250% absolute returns in 5 years. Do you hold any in your portfolio?
Sixteen equity mutual funds delivered over 250% absolute returns in the last five years, led by small-cap and mid-cap funds. Quant Small Cap Fund topped with 349.11%, followed by Motilal Oswal Midcap Fund at 325.93%. Other high performers included multi-cap, contra, and ELSS funds, highlighting strong long-term equity gains.
AAI senior manager arrested for siphoning off Rs 232 cr into personal account: CBI
A senior manager at the Airport Authority of India (AAI) has been arrested by the CBI for allegedly siphoning off over Rs 232 crore. Rahul Vijay, used fictitious accounting entries over three years while stationed at Dehradun Airport. He manipulated records, inflated asset values, and transferred funds into trading accounts, leading to a formal complaint and subsequent investigation.
Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset
Vaibhav Shah of Mirae Asset Investment Managers (India) advocates for international diversification, citing limited domestic exposure to high-growth themes like AI and semiconductors. He highlights the potential for better risk-adjusted returns and currency diversification through global investments. The Mirae Asset Global Allocation Fund offers a strategic mix of developed and emerging market exposure, leveraging Mirae's global expertise.
Quantum Mutual Fund collaborates with ONDC to widen access to mutual funds
Quantum Asset Management has joined the ONDC network to simplify mutual fund distribution. The move enhances financial inclusion by enabling seamless investor access to products via existing buyer apps, particularly in underpenetrated rural markets.
NFO Update: Union Mutual Fund launches Union Diversified Equity All Cap Active FoF
Union Mutual Fund launched Union Diversified Equity All Cap Active FoF, an open-ended fund investing across large, mid, and small-cap equity schemes. Using an Anchor–Explorer strategy, it aims for long-term capital appreciation, simplifies allocation and market timing, offers SIP and lumpsum options, and benchmarks against the BSE 500 Index.
Sunil Singhania’s Abakkus receives Sebi nod to start mutual fund business
Abakkus Asset Manager, led by Sunil Singhania, has received SEBI’s final approval to launch “Abakkus Mutual Fund.” Known for its alpha-driven PMS and AIFs managing Rs 37,900 crore, the firm will introduce actively managed equity schemes, later expanding to debt and hybrid products, aiming to democratize wealth creation across India.
Stay put in fixed income; next one year is accrual-driven, not double-digit returns, says LIC MF’s Marzban Irani
Marzban Irani of LIC Mutual Fund advises fixed income investors to adjust their expectations. Double-digit returns are unlikely. He suggests focusing on accrual-driven strategies for stability. PSU bonds in the short-term offer good value. Global factors and index inclusions are positive for the Indian debt market. Investors should stay invested and embrace fixed income's role in providing portfolio stability.
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.
Brookfield sells 50% stake in Rs 2,400-cr Pune office project to 360 ONE Asset
Brookfield Asset Management has divested a 50% stake in its Pune-based Bluegrass Business Park to 360 ONE Asset for approximately $280 million. The Grade-A office development, spanning 2 million sq ft, includes an operational tower leased to Mastercard and another under construction.
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