Market Strategy: Harshad Patil of Tata AIA suggests this approach for investors this year
With the 2024 general elections knocking at the door and the incumbent Modi government most likely to retain office for the third term, Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, advises investors to look at a bottom-up stock-picking approach going ahead.

Three entities settle disclosure violation case with Sebi; pay Rs 10 lakh
Three entities have settled a case pertaining to not making requisite disclosure with markets regulator Sebi after paying Rs 10 lakh towards settlement charges.

Merger called off unilaterally by Sony: Zee to mutual funds
Media company Zee Entertainment (Zee) on Monday organised an investor call for mutual funds to address concerns over the collapse of its merger with Sony Pictures Networks India (Culver Max Entertainment) in January.

Nippon India Mutual Fund looking to increase presence in UP: CEO Sikka
Asserting that Uttar Pradesh will be the "flag bearer" of the mutual fund industry, Sundeep Sikka, the ED and CEO of Nippon India Mutual Fund said that the company remains "committed to UP".

Mid & small cap mutual funds: Regulators took these 4 steps to protect investors from high valuations
As per AMFI data released for January 2024, the number of folios for mid-cap funds has reached 1.33 crores, and for small-cap funds has reached 1.78 crores. In comparison, the large-cap fund folios stand at 1.33 crores. The assets under management (AUM) for mid-cap funds have reached Rs. 2.90 lakh crores nearing the Rs. 2.99 lakh crores AUM for large-cap funds. The AUM for small-cap funds at Rs. 2.47 lakh crores is not far from that of large-cap funds.

Groww adds 1.2 million new mutual fund SIPs in January

Financial service platform Groww has added over 1 million new SIPs (Systematic Investment Plans) in January, accounting for 25 per cent of total new SIPs in the country. The company has added 12 lakh SIPs in January, while the industry number was 51.84 lakh. While, in December 2023, new SIP accounts added on Groww was 10 lakh, while the industry number was 40.8 lakh.

We have shifted focus from debt to equity schemes, says Ravi Jha of LIC Mutual Fund
In an interview with MintGenie, Ravi Kumar Jha, MD and CEO of LIC Mutual Fund, who started as an LIC Assistant Administrative Officer in 1989, talks about his plans for digital expansion, branch network growth, and integrating LIC agents into a broader financial services model.

Ananya Birla’s Svatantra Microfin gets ₹1,930 crore investment from Advent International and Multiples Private Equity
Mumbai: Ananya Birla’s Svatantra Microfin Pvt. Ltd. has entered into a definitive agreement with Advent International and Multiples Private Equity for an investment of ₹1,930 crore, or $230 million. This deal marks the largest investment by private equity investors in the microfinance sector in India.

PE fund Lighthouse invests Rs 229 cr in Safari for undisclosed stake

The investment by the mid-market consumer and healthcare-focused platform is the second bet taken by its newest fund, Lighthouse India Fund IV AIF, as per an official statement.

Funds see big opportunity in land funding
With banks and non-banking finance companies (NBFCs) being barred from lending for buying land and related purposes, home-grown alternative investment funds are making the most of the situation.

Powergrid to raise Rs 1,200 cr via bonds
Power Grid Corporation of India (Powergrid) on Monday said its board has approved a proposal to raise up to Rs 1,200 crore by issuing bonds.

SBI moves Supreme Court, seeks more time to furnish electoral bond details
New Delhi: Citing operational difficulty, State Bank of India has moved the Supreme Court for extending the date to submit details of electoral bonds till June 30, 2024. Earlier, the Court had asked the bank to submit the details by March 6, while quashing the scheme.