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The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$97 billion) recorded in December 2013.
In May 2021, Housing Development Finance Corporation (HDFC), entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs. 10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO, in accordance with the direction of Reserve Bank of India to reduce its shareholding in the latter to 50% or below ...
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
The Strategic Opportunities Fund made its next investment in May 2022 in Ather Energy, an electric two-wheeler company. This was its first direct investment in the manufacturing sector and in electric mobility, both areas of national importance given India's green mission and decarbonisation goals. [60]
U.S. firms also continue to invest overseas, with the total stock of foreign direct investment by U.S. firms reaching $6.7 trillion in 2024, and new FDI at $364 billion, it said.
[13] [15] HDFC was promoted by the Industrial Credit and Investment Corporation of India . [16] Hasmukhbhai Parekh played a key role in the foundation of the company which started with the main aim of solving the housing shortage in India and steadily grew thereafter. [13] In 2000, HDFC Asset Management Company launched its mutual fund schemes ...
E-commerce growth: 13.2% versus 14.1% Membership fee revenue: $1.17 billion versus $1.17 billion Potential tariffs under President-elect Donald Trump are catching the eyes of management.
The swiftly expanding numbers — as well in the year-on-year bounce from 4.9 million to 6.78 million for the top-ranking route, Cairo-Jeddah is up by 1.3 million, and Asia Pacific routes have ...