Mutual Funds Archives - Page 41 of 55

26 May

KANODIA CEMENT LIMITED FILES DRHP WITH SEBI

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#KANODIACEMENTDRHPSEBI Chandigarh: Kanodia Cement Limited (“the Company”), a cement manufacturing company operating through satellite grinding units (“SGUs”) in the states of Uttar Pradesh and Bihar, specializing in the production of blended cement such as Portland Pozzolana Cement and Composite Cement has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through offer of equity share capital via initial public offering. The Public Offer comprises ‘Offer for Sale’ of up to 14,913,930 equity shares with face value Rs.10 each share. As per the CRISIL Report, Kanodia Cement…

26 May

Groww files confidential IPO papers with SEBI

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#GrowwfilesIPOpapersSEBI Chandigarh: Groww, India’s largest stock broking firm by active investor base, has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). According to sources familiar with the matter, the IPO size is expected to be around $700 mn - $1 bn, comprising a mix of a fresh issue and an offer for sale component. The company is backed by marquee investors like Peak XV, RIBBIT, YC, ICONIQ, Tiger Capital, and Microsoft CEO Satya Nadella. Proceeds from the IPO are expected to be invested in technology development and business expansion. As reported…

25 May

Edelweiss AMC launches ‘altiva SIF’ brand to expand Specialised Investment Funds offering

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#EdelweissAMCaltivaSIF Mumbai: The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Edelweiss Asset Management Limited (AMC) has introduced a new brand identity, altiva SIF, to represent its Specialised Investment Funds (SIFs) business. The move positions Edelweiss AMC among the early entrants into the emerging SIF space. The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Radhika Gupta, Managing Director and…

25 May

NFO: Union MF launches Income Plus Arbitrage Active FoF, Close on 05 June

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#UnionMFFoF #UnionMFIncomePlusArbitrageFoF Chandigarh: Union Mutual Fund launches an open-ended Fund of Fund combining arbitrage and debt schemes, with NFO open from May 22 to June 5, 2025. Union Mutual Fund has introduced a new open-ended scheme – Union Income Plus Arbitrage Active Fund of Fund (FoF). The fund combines exposure to arbitrage strategies and debt-oriented mutual fund schemes. Subscriptions for the New Fund Offer (NFO) open on May 22, 2025, and close on June 5, 2025. The scheme will reopen for continuous purchase and redemption within 5 working days from the date of allotment. Fund Overview Fund Name: Union Income Plus…

25 May

Employees Provident Fund Body EPFO Retains 8.25% Interest For FY25

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#EPFOInterestrateFY25 New Delhi: The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. The approved rate of interest for 2024-25 was sent for concurrence of the Ministry of Finance. "Ministry of Finance has given concurrence to 8.25…

24 May

SCODA TUBES LIMITED ₹220 CRORE IPO TO OPEN ON MAY 28, 2025, Price Band ₹130 to ₹140

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#SCODATUBESIPOon28May #ScodaTubesIPO · Price Band fixed at ₹130 to ₹140 per Equity Share of face value of ₹ 10 each (“Equity Shares”); · Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter; · RHP link: https://www.mnclgroup.com/storage/scoda-tubes-rhp.pdf Chandigarh: Scoda Tubes Limited (“STL” or “The Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Wednesday, May 28, 2025. The Anchor Investor Bidding Date shall be Tuesday, May 27, 2025. The Bid/Issue will open on Wednesday, May 28, 2025 for subscription and will close on Friday,…

24 May

Axis AMC Announces the Final Close of Axis Structured Credit AIF II at ~INR 740 Crores

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#AxisAMC #AxisStructuredCreditAIF Chandigarh: Axis Asset Management Company (Axis AMC), one of India’s fastest growing asset management companies is pleased to announce the final close of Axis Structured Credit AIF II, successfully raising commitments of approximately INR 740 crores. The fund has garnered significant interest from investors, reinforcing the firm’s position in the structured credit investment space. The fund received strong backing from a diverse investor base, with close to more than half of commitments coming from institutional investors, including insurance companies, corporates (both listed and unlisted), and family offices. The remaining commitments were secured from HNIs and wealth management channels,…

24 May

ICICI Prudential Mutual Fund house inaugurates its first branch in Gurdaspur, Punjab

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#ICICIPrudentialMFGurdaspur #ICICIPruMFGurdaspurPunjab Gurdaspur, Punjab: ICICI Prudential Mutual Fund, one of India’s leading fund house, on May 23rd, 2025, inaugurated its first branch in Gurdaspur, at Ground Floor, Hadbast No 335, Khasra No-848/2(0-4), Hanuman Chowk, Tibri Phatak, Village Shahzada Nangal, Gurdaspur, Punjab-143521. The branch was formally inaugurated by Mr. Deepak Sharma, Regional Head - Retail, ICICI Bank and Mr. Vipul Ghai, Regional Head - Retail Sales & Distribution – PHHJ, along with other key distributors. Also present at the inauguration were Mr. Pranav Gupta, Cluster Head and Mr. Rajan Kumar, Branch Head – Gurdaspur, along with other staff members of the fund…

23 May

Baroda BNP Paribas MF launches its Multi Asset Active Fund of Funds NFO closes on May 26

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#BarodaBNPParibasMF #BarodaMultiAssetActiveFund Chandigarh: Baroda BNP Paribas AMC has launched Baroda BNP Paribas Multi Asset Active Fund of Funds (FOF). The fund proposes to invest across debt, equity and gold schemes. The NFO opens on May 15 and closes on May 26. The fund will invest majority of corpus in debt funds by investing minimum of 55% of the total corpus in Baroda BNP Paribas Short Duration Fund. The fund will also invest a minimum of 15% each in Baroda BNP Paribas Large Cap Fund and Baroda BNP Paribas Gold ETF. Prashant Pimple and Pratish Krishnan, who each bring more than…

23 May

Poonawalla Fincorp Accelerates AI-led Transformation in Customer Engagement and Compliance

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#PoonawallaFincorpAITransformation Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on Consumer and MSME lending, today announced the deployment of AI-powered solutions in its marketing and compliance functions, reshaping the way it engages with customers digitally and responds to regulatory requirements with greater agility. As part of its marketing transformation, PFL is developing a suite of AI-powered solutions to build a robust and scalable data-driven ecosystem, redefining customer engagement and marketing strategies. These solutions aim to enhance customer targeting precision, optimize acquisition costs, and deliver personalized experiences, driving efficiency and growth. PFL has deployed an AI-driven customer targeting…