BVG India is an integrated services player and provides total facility management services along with mechanised housekeeping, landscaping and gardening, logistics and transportation, solid waste management, sewage treatment and civil and electrical services. It also provides emergency ambulance services. Its FY20 annual revenues were around Rs 2,000 crores. … [Read more...] about BVG India plans IPO; pure-play facility management leader targets up to Rs 1,300 crore
Debt management plan
Now, even if a slightly higher-rated company goes for restructuring, mutual funds can segregate the asset if they had been holding them in their portfolios. Segregating such securities that go for restructuring would also ensure that fund houses do not rush to sell such securities and cause the bond’s price to fall further. It also ensures that opportunistic investors do not enter the scheme knowing fully well that the restructuring company would later repay interest or principal and thereby causing an increase in the fund’s NAV. Side-pocketing ensures that only those investors who were invested in the fund on the day the underlying company submitted its debt restructuring plan, benefit from the recovery. … [Read more...] about COVID-19 impact: SEBI allows MFs to use side-pocket in event of debt restructuring
What doesn’t workA new fund’s biggest drawback is the lack of history. “An existing track-record helps an investor gauge how the fund has performed across various market cycles,” Joshi says.Although SBI Magnum Children’s Benefit Fund (Savings Plan) has a good track record, we still need to see how the newly-launched Investment Plan would do. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
I'm sure he’ll do something to keep the markets up until the reelection is over at least. So, I would say for the very short term, you can definitely invest in foreign funds but if you’re taking a longer-term perspective, they are very expensive right now and should be approached with a lot of caution. … [Read more...] about This top Fund Manager turns cautious, hedges almost 80% of the portfolio
Edelweiss Alternate Asset Advisors is the largest private debt manager in India with assets under management of approximately $3bn. The Ontario Teachers' Pension Plan Board has $204.7 billion in net assets and holds a diverse global portfolio of assets, approximately 80% of which is managed in-house. … [Read more...] about Canada’s Ontario Teachers’ partners with Edelweiss Group to invest $350 million in Indian private credit