Mutual fund industry sees record growth in June 2024 with AUM reaching Rs 61,15,581.92 cr
The mutual fund industry's net Assets Under Management (AUM) reached Rs 61,15,581.92 crores in June 2024, showing a significant increase from Rs 58,91,160.48 crores in May 2024.
FIIs turn bullish on financial services; acquire shares worth Rs 8,100 cr in late June
Mumbai: Foreign institutional investors (FII) have shown a marked shift towards optimism in the financial services sector, purchasing shares valued at over Rs 8,100 crore during the latter half of June, reported Moneycontrol.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.
India eyes US$100 billion annual FDI from investors looking to diversify from China
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
Mumbai: The number of complaints lodged by investors and distributors for the half-year ending September 30, 2023, stood at a mere 485 complaints, the Association of Mutual Funds in India (AMFI) said in a report.
Mumbai: The top five states and Union Territories, including Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal witnessed an average growth of around 27-30 percent in AAUM (Average Assets under Management) in January 2024 on a year-on-year basis.
Spotlight India: Singapore's investment giant Temasek's top execs on a visit to India
Mumbai: The 11-member board of directors from Temasek is currently on an important visit to India, seen as a global bright spot, Moneycontrol reported.
ONGC planning to invest Rs 1 lakh cr to set up two petrochemical plants
Mumbai: India’s leading oil and gas producer and explorer ONGC is planning to invest approximately Rs 1 lakh crore in setting up two petrochemical plants aimed at directly converting crude oil into high-value chemical products, Moneycontrol reported.
KKR to invest Rs 2,069 crore in Reliance Retail for additional 0.25% stake
Mumbai: Global investment firm KKR will invest Rs 2,069.50 crore into Reliance Retail Ventures Ltd (RRVL) to increase its equity stake in the retail major from 1.17% to 1.42%.
RBI revises rules for classification and operation of investment by banks
Mumbai: The Reserve Bank of India (RBI) said on Tuesday that it has amended the existing norms for the classification, valuation, and operation of investment portfolios of commercial banks based on the feedback it received from a discussion paper.
Guwahati: Assam on Tuesday inked Memorandum of Understandings (MoUs) with nine companies that are estimated to bring private investments to the tune of Rs 8201.29 crore.
Hyderabad-based QSR chain ZOMOZ raises funds for global expansion
Hyderabad/IBNS: Internet food company Zomoz has raised an undisclosed amount from existing investor and food tech unicorn Rebel Foods in its second round of capital to further global expansion.
Page Industries to invest Rs 290 cr in Telangana
Hyderabad/IBNS: Exclusive licensee of Jockey International in India Page Industries on Wednesday announced to invest Rs 290 crores to set up two facilities in Telangana.