Tag Archives: fund

Top 9 hot stocks which fund managers bought for the first time in August

Retail investors are not leaving any opportunity to miss out on the big bull market which India is witnessing and this is now started reflecting in the massive flows which pushed asset under management (AUM) to a record high of Rs 20 lakh crore last month. The total category wise AUM of the mutual fund industry increased by 3.1 percent ... Read More »

Bajaj Finance trades higher on fund raising through QIP

Bajaj Finance was trading at 1,808.55 per share, up by Rs 14.15 per share or 0.79% as of 1041 hours. The stock attracted a total traded volume of 4,51,632 shares and traded value of Rs 81.39 crore on NSE. The stock was outperforming the Bank Nifty index in the morning hours on Wednesday. Bajaj Finance on Tuesday has launched a qualified ... Read More »

Axis Bank Launches Super Bike Loans; To Fund 95% Of Costs

Mumbai: As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank on Wednesday introduced a special loan product, offering to fund up to 95 per cent of the costs. The loans, which are for motorcycles with an engine displacement of over 500 cubic centimetres (cc), will come at a price tag of 10-11 per cent ... Read More »

RTAs are the backbone of the mutual fund industry

Technology is key to supporting growth in any industry. As one of the largest registrar and transfer agents (RTA) in the country, Karvy Computershare Pvt. Ltd has used technology to drive growth and service the industry. A booming industry like mutual funds wouldn’t have reached this level of growth without the use of best of technology that is largely supplied and ... Read More »

Mutual Fund Managers Continue To Snap Up Banking Shares

New Delhi: Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs. 1.44 lakh crore at the end of May, mainly due to cheaper valuations. In comparison, the figure was Rs. 90,014 crore at the end of May 2016. Banking continues to be the most preferred sector ... Read More »

Canada’s banks set up fund to finance small businesses

* Ex CPPIB boss Wiseman says fund can be catalyst for growth * Fund worth C$500 mln initially, could rise to C$1 bln * Similar UK fund has proved successful * Fund will take minority stakes and invest over long-term * Pension funds could also invest -CIBC CEO (Adds comments from former CPPIB CEO Mark Wiseman) By Matt Scuffham and ... Read More »

Fund manager Hermes wants better governance for private infrastructure

British fund manager Hermes Investment Management on Monday called for improvements to the corporate governance code for private infrastructure assets, to ensure better outcomes for investors and other stakeholders. Among the suggestions made by Hermes, which manages 28.6 billion pounds across a range of assets, were for periodic board ‘effectiveness reviews’, as well as an independent chairman and a minimum ... Read More »

5 Badass Ways to Fund Your Business Idea

When we look at the forums of business, one and most common question we can find is “Where should i get funds for my business?” Fact is, it’s not that easy to get funds for any business just because a individual has an innovate idea. Waiting for someone who can fund your idea is also futile. Thus it is always ... Read More »

BlackRock agrees to sell Singapore office tower to Qatar fund for $2.5 billion

BlackRock Inc (BLK.N) has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion ($2.5 billion), in what the U.S. firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. Asia Square Tower 1, located in the city-state’s financial district, has over 1.25 million square feet of ... Read More »

EU, Italy reach preliminary deal on fund for savers hit by bank rescues – spokesman

The European Commission and Italy have reached a preliminary accord over the creation of a fund to help compensate savers hit last year by a state rescue of four small lenders, a commission spokesman said on Friday. “There are constructive talks ongoing between the Commission and Italian authorities. We have agreed on the important parameters. It is now in the ... Read More »