The private-equity industry has a cash problem
How much money are your private-equity investments making? The question is easy to answer for other asset classes, such as bonds or publicly traded stocks. All that is required is the price paid at purchase, the price now and the time that has elapsed between the two. 

A ₹70 crore buyout deal shows new way for liquidity in India
A new method for private equity funds to return profits to investors may gain traction in India.  ChrysCapital Management Co. recently used a so-called continuation fund to raise ₹70 crore from investors to maintain its minority stake in National Stock Exchange of India Ltd. This relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer. 

Indian equities dictated by passive flows: Kotak Institutional Equities
The growing role of non-institutional investors has resulted in weakening linkage to fundamentals and growing confidence in ‘riskless’ returns — an ideal situation for low volatility at most times, but with large potential risks in the case of any untoward event, a report by Kotak Institutional Equities said.

A ₹70 crore buyout deal shows new way for liquidity in India

A new method for private equity funds to return profits to investors may gain traction in India.  ChrysCapital Management Co. recently used a so-called continuation fund to raise ₹70 crore from investors to maintain its minority stake in National Stock Exchange of India Ltd. This relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer. 

ChrysCapital to bet big on branded healthcare in India, says managing director Raghav Ramdev
Mumbai: Private-equity firm ChrysCapital, which invested $100 million in eyecare chain Centre For Sight on 14 May, is likely to ramp up investments across healthcare delivery and services as it sees branded healthcare gaining prominence among Indians, a top executive said.

Brookfield India REIT set to buy Bharti’s nearly 50% stake in realty JV

AP Moller, I Squared in race to buy stake in green business of InoxGFL's Jains

ChrysCapital makes $100 million eyecare bet
ChrysCapital invests $100 million in eyecare chain Centre for Sight
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PE fund Apax to step up India play with new team

FPIs withdraw ₹17,000 crore from equities in May on political uncertainty amid general election
New Delhi: Foreign investors pulled out a massive ₹17,000 crore from Indian equities in the first 10 days of the month owing to the general election and the uncertainty surrounding its outcome coupled with expensive valuations and profit booking.

‘Market expecting positive end to the elections’
Mumbai: Poll rhetoric notwithstanding, the market expects the incumbent to return to power and once that happens, the focus will shift to the Budget due in July, says Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP. Earnings so far, he says have been in-line, if not a little disappointing with earnings downgrades across sectors. The worst seems to be behind the banking sector, with net interest margins (NIMs) normalizing but information technology (IT) still faces headwinds.

PE fund Apax to step up India play with new team

Foreign portfolio investors sell Rs 17,083 crore of equities in May
Foreign portfolio investors (FPIs) net sold Rs 17,083 crore of Indian equities in May so far amid hardening of US bond yields and outperformance of Chinese and Hong Kong markets.

Indian PE, VC investments decline 35 pc to USD 39 billion in 2023: Report

India well-poised to get to $80-100 billion PE-VC deployments in 5 years: report

Asset manager TPG raises $8 bln for Asia-focused private equity, real estate funds

TVS Capital's biggest fund yet could bet on ‘zero-stage’ startups
Mumbai : TVS Capital has raised ₹1,700 crore in domestic money for its largest fund yet, its fourth, in a sign of growing interest among Indian investors for private equity as an asset class.

Is the broking and the wealth management industry ripe for a consolidation?

Can global risks unsettle the Indian equity market rally? 

PE firm Quadria Capital investing ₹850 cr. for minority stake in NephroPlus

At Rs 1.5 lakh crore, P-note funds hit 6-year high

Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr

FPIs inject Rs 1,156 cr in equity, withdraw `1,727 cr from debt in first two trading sessions in May
New Delhi: Foreign investors have adopted a “wait and watch” stance amidst the ongoing general elections and have infused just Rs 1,156 crore in the first two trading sessions of this month. This came after FPIs dumped equities worth Rs 8,700 crore in April, on concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February.

In the two days of trading in May, Foreign Portfolio Investors (FPIs) have invested Rs 1,156 crore in equity and sold Rs 1,727 crore in debt, data with the depositories

Index funds: Rules of construction
In an index fund portfolio, the index applies two to three rules to a pre-defined universe for stock selection and weight allocation. In an active portfolio, the basis of fund manager’s decisions is the ground-up criteria. It may be different for different stocks. Just like an investor would want to diversify amongst two funds —basically judgement of two fund managers, it could be a good idea to diversify amongst active investing and passive investing approaches.

'Any tax hike on equities may dampen investor sentiment'
Samir Arora, the founder and fund manager of Helios Capital, expects the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to secure a comfortable majority, and present a market-friendly budget focused on economic reforms in its next term. “So, we continue to be bullish," he said in an interview. However, in the event of any political surprise, the markets will witness a significant downturn, requiring a substantial amount of time to bounce back. Additionally, any tax hike on equities, at the very least, will result in an equivalent and opposite price reaction, which would overshadow any other positives, Arora added.

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HDFC Capital exits Total Environment project in Bengaluru

FPIs domiciled at GIFT City allowed to issue P-notes to investors
Source Credit: Samie Modak, Business Standard

Mumbai: Foreign portfolio investors (FPIs) domiciled at the GIFT International Financial Services Centre (IFSC) and registered with the Securities and Exchange Board of India (Sebi) have been allowed to issue offshore derivative instruments (ODIs), popularly known as participatory notes (pnotes).
 

Maharashtra leads in private equity investments in FY24 while overall investment drops
 

India’s first Nifty Non-Cyclical Consumer Index Fund opens | All you need to know about this Groww fund
Leading fund house Groww Mutual Fund has announced the launch of India’s first Nifty Non-Cyclical Consumer Index Fund ‘Groww Nifty Non-Cyclical Consumer Index Fund’. The New Fund Offer will remain open for subscription from May 2-16, 2024, the asset management company said in a statement on Thursday.

India’s venture capital market is upbeat this year: TVS Capital

Former BharatPe COO Dhruv Dhanraj Bahl launches maiden VC fund Eternal Capital

The fund has received SEBI’s approval for a Category-I AIF in November 2023, and has already received commitments from marquee operators and entrepreneurs such as Suhail Sameer (ex-CEO, BharatPe), Deep Kalra (Founder, MakeMyTrip), Tarun Mathur (Co-founder, PolicyBazaar), Adarsh Menon (President, ZoomCar), Nalin Negi (CEO, BharatPe), and Saurabh Vashishtha, Kunal Suri and Amit Bagaria (Founders, SimSim), among other.