Cash calls are usually taken when wealth managers want to protect investors’ money from the downside. “However, protecting the downside is only remembered for a short period of time. The bigger picture is always participating in the upside,” says Anoop Bhaskar of IDFC MF
Bank stocks remain the market’s darlings on the back of an increase in capital expenditure and the cleaning up of bad loans on their balance sheets.
The entire panel said they were Overweight on financials at the moment, on the back of good earnings visibility and strong asset quality
Asset management company valuations were high earlier when fees in equity schemes of AMCs were high. But investors are now moving away from actively managed funds to passive funds like exchange traded funds
On September 17, 2021, the boards of IDFC and IDFC Financial Holding Company gave the nod to kickstart the divestment process for the mutual fund business subject to requisite regulatory approvals. Interestingly, investors had earlier expressed concerns over a delay in the value unlocking exercise.
On September 17, 2021, the board of directors of IDFC Limited and IDFC Financial Holding Company Limited gave the nod to kick-start the divestment process for the mutual fund business subject to requisite regulatory approvals, as applicable
On September 17, 2021, the Board of Directors of IDFC Limited and IDFC Financial Holding Company Limited gave the nod to kick-start the divestment process for the mutual fund business subject to requisite regulatory approvals, as applicable.
The domestic mutual fund space has witnessed frequent m&a activity over the past two years with the most recent instance being the sale of L&T MF to HSBC for around Rs 3k crores. The regulator has kept a close eye on PE involvement and has also relaxed the rules to spur fintech participation. So what’s the latest in the ongoing IDFC MF sale process? Who has made the cut and by when can we expect a winner?
On September 17, 2021, the Board of Directors of IDFC Limited and IDFC Financial Holding Company Limited gave the nod to kickstart the divestment process for the mutual fund business subject to requisite regulatory approvals. Later, investment bank Citi was taken on board as the sell-side advisor for the deal.
History suggests that there could be a possibility of a further fall in the markets which could be even more severe compared to the one which we have seen in March.
An acquisition of IDFC's mutual fund business would help Avendus Capital deepen its presence in the asset management business as IDFC would offer it a ready platform.
With mutual funds gaining traction among retail investors, asset management companies have filed draft offer documents with market regulator Sebi for as many as 64 new schemes, so far, this fiscal.
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.
Regulator Sebi is considering fresh checks against mis-selling of mutual funds and flouting of 'open bank infrastructure' norms for sale of these financial products, while it looks at ways to boost the market penetration through use of mobiles and internet.
The Indian market has had a good 2012. However, it has been very volatile over the last few sessions. How should you build your portfolio? Should you use top-down or bottom-up approach? Fund managers help you build your portfolio.
The Indian mutual fund industry is not clear of challenges, but that's not keeping foreign players at bay, report CNBC-TV18's Mitra joshi and Priyanka Ghosh.