The Fund aims to offer a disciplined core equity solution for long-term investors Jio BlackRock Asset Management Private Limited (“JioBlackRock Asset Management”), a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock Inc [NYSE: BLK], today announced the launch of the JioBlackRock Large Cap Fund, powered by
From at least two local bidders, Prudential Financial Inc.'s India asset manager has received proposals. State Street Investment Management-backed Groww Asset Management Ltd and Edelweiss Asset Management have filed offers for PGIM India Asset Management Pvt Ltd, as per the current media reports. After witnessing little significant growth
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India’s investment tech platforms have changed how individuals access financial markets by offering digital trading, long-term investing, and global market exposure through a single interface. These platforms provide services such as equity trading, mutual fund investments, ETFs, derivatives, thematic portfolios, and international investing, catering to both first-time investors and
The Reserve Bank of India (RBI) has given HDFC Bank's subsidiaries permission to purchase up to a 9.5% share in IndusInd Bank. India's biggest private sector lender by market value stated in an exchange statement on 15 December that the permission is effective for a
* The company will use this capital to further invest in technology, expand into Tier 2 and Tier 3 geographies, onboard 50,000 distributors, and achieve INR 1 lakh crore in AUM. * Wealthy combines human trust with AI-powered technology to help independent professionals become sophisticated wealth entrepreneurs, making wealth management scalable,
CAMS (Computer Age Management Services Limited), a registrar and transfer agent, is placing a significant wager on automation, cloud-native operations, and artificial intelligence (AI) with CAMSLens, an in-house AI-powered platform that will revolutionise the way regulatory compliance is applied throughout the financial ecosystem. Real-time contextual analysis of recently issued regulatory
Creencia Consulting, a new-age, hedge-fund style investment platform today announced the launch of its maiden fund with an AuM commitment of INR 100 crore. With backing from reputed family offices, UHNIs, and seasoned industry leaders, the fund uses globally inspired strategies tailored for growth in the Indian market. With the
Jio BlackRock and Paytm Money, the wealth tech division of the fintech titan Paytm, have partnered to introduce a new AI-powered systematic active equity (SAE) fund for individual investors. The financial giant said in a statement that Paytm Money will only provide Jio BlackRock flexi cap fund subscriptions. On September
Achieves an amazing 20% increase in just five months without spending any money on marketing, thanks to a "Client First" attitude and constant execution
By leveraging BlackRock’s SAE approach, the fund will aim to deliver long-term capital appreciation while adapting to market dynamics Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock*, announced today the launch of its latest equity offering:
Harajuku Tokyo Café, India's fastest-growing authentic Japanese casual dining and QSR chain, today announced the successful completion of its first institutional funding round, raising ₹19 crores in a structured investment. The round was led by Indian Angel Network (IAN), one of India's largest angel investment platforms,
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A mutual fund is a kind of investment where you buy securities of a mixed set of companies to lower your risk. Mutual funds investments can be made in different forms such as Government bonds, corporate bonds, or debt funds. Mutual fund advisors mostly recommend having a diversified portfolio of
* An open-ended Category III AIF, scheduled to launch on 10th July 2025 * The fund has already secured commitments of INR 25 crores from investors ahead of its launch Shaan Patel Asset Management, a professional AMC actively managing investor money to grow wealth, has announced the launch of its flagship Category
Big moves and big money marked 7 July 2025. Khetika raised $18 million, BigBasket welcomed a new CFO, and Jio-BlackRock collected INR 17,800 crore in its first mutual fund offer. Here’s a quick look at all the key updates from the day. Daily Indian Funding Digest - 7
JioBlackRock Asset Management raised over ₹17,800 crore in its maiden New Fund Offer (NFO) across three debt schemes. The three-day offer attracted 90+ institutional investors and over 67,000 individuals, placing it among India’s top 15 asset managers by debt AUM.
UGRO Capital has appointed Anuj Pandey as its new CEO. A founding team member and former Chief Risk Officer, Pandey will now lead UGRO’s MSME lending operations across India. The move comes as the company crosses ₹12,000 crore AUM, acquires Profectus Capital, and completes a large capital raise.
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“Mutual fund investments are subject to market risks. Please read the offer documents carefully before investing”. Most of us have heard these sentences on television in between the news breaks. Always wondered as a child what “mutual funds” meant. We all did. These sentences were etched in our minds and
Franklin Templeton Category II Alternative Investment Fund Trust, a Category II Alternative Investment Fund (AIF) is managed by Franklin Templeton Alternative Investments (India) Pvt. Ltd. Franklin India Credit AIF – Scheme I, the first scheme under the above license has been established in accordance with Securities and Exchange Board of India
Beams Fintech Fund, a leading growth-stage private equity fund focused on Fintech and Financial Services, has announced its sixth investment in Infinity Fincorp Solutions (“Infinity Fincorp”). Beams has participated as part of their Series A extension of a $40 million funding round. Infinity Fincorp, backed by True North LLP Private
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BlackRock, the world’s largest asset manager, has consistently been at the forefront of innovation in the financial services industry. With over $11.6 trillion in assets under management (AUM) as of 2024, the company has built its reputation on trust, technology, and a forward-thinking approach. As the financial landscape
Sets sights on INR 600 Cr by year-end as demand grows for goal-linked, tech-led investing. MIRA Money, the path-breaking Technology-First Investment Management platform, has crossed INR 250 crore in Assets Under Management (AUM) as of March 2025, marking a significant milestone for this startup brand. This milestone, achieved entirely through
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This article has been contributed by CA Manish Mishra, Founder of GenZCFO. Tax planning for most salaried individuals begins and ends with investments under Section 80C- Provident Fund, ELSS, Life Insurance, and PPF. But how about in the case of a salaried person for whom this ₹1.5 lakh limit
New Delhi, 4th March 2025: Beams Fintech Fund, a leading growth-stage private equity fund focused on the Fintech and Financial Services sector, has announced a follow-on investment in its portfolio company, InsuranceDekho, as part of a $70 million funding round. The round was co-led by Beams Fintech Fund, Japan’s
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Ramon Laguarta is a Spanish businessman who is the current Chairman and Chief Executive Officer of PepsiCo. When Indra Nooyi stepped down in October 2018, he was appointed the sixth CEO of the company. He is also the first Spanish CEO of one of America's largest multinational companies.