Birla targets top 3 spot in mutual fund, lending, and life insurance
Source Credit: Abhijit Lele, Business Standard

Mutual fund assets soar 35% to record ₹53.4 lakh crore in FY24
The mutual fund assets surged by ₹14 lakh crore or 35 per cent year-on-year to a record ₹53.40 lakh crore in FY24, propelled by the growing participation of retail investors and buoyant equity markets. This percentage gain was the highest since fiscal 2021 when the industry had grown by 41 per cent, the Association of Mutual Funds in India (Amfi) said in its annual report.

Record surge in mutual fund assets and number of folios in FY2024! What are the factors behind this growth?
The fiscal year 2023-24 turned out to be one of the best years for the domestic mutual funds industry as assets under  management (AUM) spurted by nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023, according to AMFI data.

Birla targets top 3 spot in mutual fund, lending, and life insurance
 

Sovereign Wealth Funds, Pension Funds: One step away from the finish line
The infrastructure sector in India has been one of the focus areas for India’s economic growth and overall development. The government has taken various measures to boost infrastructure and investments in the said sector. One of such initiatives, to boost investment in infrastructure sector, was by the introduction (by the Finance Act, 2020) of an exemption provision by way of section 10(23FE) to the Income-Tax Act, 1961 (the Act).

NIIF eyes $1b for 2nd pvt markets fund
Mumbai : India’s quasi-sovereign National Investment and Infrastructure Fund Ltd (NIIF) is set to raise about $1 billion for its second Private Markets Fund (PMF), said people aware of the development. PMFII will back India-focused private equity and venture capital funds.
 

Why this Swedish PE firm is willing to bet $5 billion in India this year
Mumbai : After investing about $2 billion in India last year, Swedish private equity firm EQT is lining up deals that could lead to another $5 billion worth of investments in the country this year.