Fund News

Hussain Haqqani opined that for Islamabad, the alliance with the United States has been more about securing weapons, economic aid and diplomatic support in its confrontation with India.  

Assam Chief Minister Sarbananda Sonowal today directed the revenue and disaster management department to release funds for providing relief to people affected by the recent storm that hit several districts in the state.

Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments.

The small and midcap fund category was the only positive performer among pure equity mutual funds, in the latest quarter ended September 2015, rating agency CRISIL has said.

The funds raised in May are the second-lowest after Rs 225 crore mopped up in January this year.

Prime Minister Narendra Modi today met managers of Canada's major pension funds and sought investments from them in India's infrastructure sector.

Fund raising through the qualified institutional placement (QIP) route has hit five years high of over Rs 28,000 crore in 2014-15, indicating increased interest among domestic firms to mop-up capital via this route.

Driven by higher fund mobilisation by PFC and REC, capital raised by Indian companies through corporate bonds on private placement basis surged by 40 percent to Rs 2.67 lakh crore in the first nine months of the current fiscal.

Rising for the sixth consecutive session, the benchmark BSE Sensex gained over 49 points in Monday morning trade on sustained foreign capital inflows amidst hopes of more reforms by the government.

The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a BIS report said on Sunday.

The sources said, however, that with this round of fund raising, Flipkart is valued at about USD 7 billion (around Rs 42,000 crore).

Goldman Sachs Group Inc has moved an executive from its trading division to its investment-management division to launch a business that will sponsor exchange-traded funds and sell them to retail clients through third parties, according to a memo and people familiar with the matter.

JPMorgan Asset Management India on Monday announced the launch of JPMorgan Emerging Markets Opportunities Equity Offshore Fund, an open ended fund of funds scheme that seeks to provide long term capital growth to its investors.