“Despite the global economic uncertainty amidst the current pandemic, this commitment from Ontario Teachers’ is a strong endorsement of the Indian alternative asset management space as well as the robust and unique private debt platform built by Edelweiss Alternate Asset Advisors,” the Edelweiss Group said in an official announcement. … [Read more...] about Canada’s Ontario Teachers’ partners with Edelweiss Group to invest $350 million in Indian private credit
Hermes investment management
Egon Durban, Co-CEO and Managing Partner of Silver Lake, said, “We are pleased to deepen our relationship with Reliance with this investment. Mukesh Ambani and his team at Reliance have created an outstanding world leader in retail and technology through their courageous vision, commitment to societal benefits, innovation excellence and relentless execution. The success of JioMart in such a short time span, especially while India, along with the rest of the world, battles the COVID-19 pandemic, is truly unprecedented, and the most exciting growth phase has just begun. Reliance’s New Commerce strategy could become the disruptor of this decade. We are thrilled to have been invited to partner with Reliance in their mission for Indian Retail.” … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
A focused fund comes with a concentrated portfolio of stocks. A fund manager is required to take high-conviction calls to outperform with a small set of stocks. In a typical focused fund, a high-conviction stock bet can be 5-10 per cent of the scheme’s corpus. If such stock bets do well, it can translate to sharp returns for investors. … [Read more...] about Invesco India Focused 20 Equity NFO: Should you invest?
The schemeSBI Magnum Children’s Benefit Fund (Investment Plan) would look to invest at least 65 per cent in domestic stocks. The remaining portion will get allocated to international equities (maximum up to 35 per cent) and gold exchange traded funds (up to 20 per cent).Your funds are locked-in for five years, or till the child turns 18, whichever is earlier. You can invest only in the minor’s name from the minor’s bank account or from a joint account with the minor. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
The silver lining is that the mutual fund industry added 11.16 lakh new SIP accounts in August. Almost equal additions were made in the month of July as well. Currently, mutual funds have about 3.30 crore SIP folios through which investors regularly invest in schemes. … [Read more...] about Mutual funds managed 3.30 crore SIP accounts as on August 31; inflows fall a tad