Asset Under Management

ICICI Prudential AMC is set to become the largest listed asset management company in India, but how does it compare with its peers in profitability, retail reach, and growth potential?

Chart of the day | Growing clout of wealth managers in India’s financial landscape

Jefferies forecasts that assets under management of active Indian Wealth Managers will double by FY27 compared to their levels in FY24

MYRE Capital helps investors to acquire Rs 31 crore office space in Mumbai; its AUM crosses Rs 100 crore

Mumbai-based MYRE Capital, which is a tech-enabled fractional ownership real estate platform, has been formed by architect firm Morphogenesis.

Where AMCs invested in June – 15 large, mid & small cap stocks on the buy list

The number of systematic investment plans in various schemes of mutual funds went up to 40.2 million in June from 38.8 million in May

Muthoot Finance Q4 net profit up 22% at Rs 996 crore

For the full year, the standalone net profit rose by 23 per cent to Rs 3,722 crore as against Rs 3,018 crore in FY20.

Investors exit gold ETFs, withdraw Rs 775 cr in FY17

Asset under management (AUM) of gold funds plunged by 16 per cent in the just concluded financial year.

ICICI PruLife looking to expand its protection biz

The insurer‘s asset under management at the end of December 2016 (April to December) stood at Rs 113611 crore

Capital First pegs overall growth of its assets at 25%

Discussing Capital First's second quarter results with CNBC-TV18 Chairman and Managing Director V Vaidyanathan says this was helped by 15 percent growth in the SME business and more than 40 percent growth in the consumer and two-wheeler financing businesses.

Inform CRA in advance to contribute to NPS beyond 60 yrs:PFRDA

Coming out with clarification on its May 2015 norms on exits and withdrawals from the social security scheme, regulator PFRDA also said that subscribers who choose to contribute beyond 60 years of age can exist at any point later.

Kotak Mahindra MF's AUM grows 18% to Rs 65k cr

Kotak Mahindra Asset Management Co said its asset under management (AUM) has expanded by a healthy 18 percent to Rs 65,000 crore in the current fiscal so far

Exposure to MSMEs and housing may raise NPAs: Ujjivan

Samit Ghosh, MD and CEO of the firm, said that he expects normal growth in FY17 and a 30-35 percent growth in asset under management (AUM).

DHFL Pramerica Life FY16 PAT up 27% at Rs 51 cr

DHFL Pramerica Life Insurance (DPLI) on May 11 reported a 27 percent decline in profit after tax at Rs 50.8 crore during 2015-16.

Centrum Wealth eyes Rs 50,000 crore AUM by FY21

Centrum Wealth Management, an arm of diversified financial services firm Centrum Group, has set an ambitious target of clocking a portfolio of Rs 50,000 crore over the next five years.

Axis Mutual Fund AUM jumps 35% so far in FY16

Axis MF officials said increase in fund value and net fresh inflows had resulted in such healthy growth in AUM.

Reliance MF eyes more acquisitions after Goldman Sachs buy

While a number of foreign players have exited the market in recent years, there would be still be 43 fund houses present in the country after Goldman Sachs' exit.

PFRDA seeks govt support to widen subscriber base

After achieving a new milestone in AUM and subscriber base early this month, the Pension Fund Regulatory and Development Authority (PFRDA) is looking for some fiscal support from the government for its ongoing move to expand subscriber base further.

Confident of maintaining margins at 9.39%: Muthoot Finance

Muthoot Finance is confident of maintaining margins at around 9.39 percent, says George Alexander Muthoot, MD of Muthoot. The company had reported around 9.6-9.7 percent net interest income (NII) in the year-ago period.

PFRDA invites application for NPS Trustee Bank

Pension fund regulator PFRDA is scouting for a bank to act as National Pension System (NPS) trustee to facilitate fund transfers across entities such as annuity service providers and subscribers.

Expect 40% jump in AUM in current fiscal: SE Investments

SE Investments' asset under management (AUM) currently stands at Rs 961 crore versus Rs 870 crore YoY, says Sunil Agarwal, the company's managing director. He expects a 40 percent jump in AUM in the current financial year.

MFs reduce exposure to banking stocks by over 2% in May

Mutual Funds reduced their exposure to banking stocks by more than 2 percent. Their holdings in banking stocks by 2.4 percent in May compared to the previous month.

MF assets rose 2% to Rs 6.75 trillion in Feb: Crisil

The Indian mutual fund industry's assets increased to Rs 6.75 trillion by the end of February, registering an increase of Rs 161 billion over Rs 6.59 trillion in January.

Bajaj Fin Q3 net up 58% at Rs 120cr on higher loan growth

Pune-based Bajaj Finance, a non-banking financial company (NBFC), on Wednesday posted a robust 58% year-on-year growth in net profit to Rs 120 crore for the third quarter ended December 31, 2011 on the back of healthy loan book expansion.

Quantum MF lowers fund expenses

Quantun Mutual Fund today said it has lowered the fund expenses for two of its schemes, a move that would lead to higher return for the investors putting their money in these funds.

Manappuram Gen Fin eyes Rs 100cr profit in Q4

VP Nandakumar, CMD of Manappuram General Finance & LeasingIn an interview with CNBC-TV18’s Sonia Shenoy, spoke about the results and his outlook for the company.