Jio Financial Services Shares Rally 5% on JV with BlackRock
Shares of Jio Financial Services Ltd rallied 5% on 16 April after the company announced signing an equal joint venture agreement with BlackRock. In its...
Tag : assets under management (AUM)
Assets Under Management (AUM) in Mutual Funds in India
Introduction AUM stands for assets under management, while AMC stands for asset management company. An AMC or fund house is a company that manages investments...
HDFC Q1 PAT Jumps 22% YoY to Rs 3,669 Crore
On Friday, HDFC Bank reported a consolidated net profit of Rs 3,668.82 crore for the first quarter of this year. The profit was higher than...
Bajaj Finance Jumps by 10%
On Thursday, Bajaj Finance had surged 10% after the non-bank lenders every quarter. The company said its profit is more than 25.96 billion rupees ($325.37...
Poonawalla Fincorp Rises After Q1 Strong Performance
Poonawalla Fincorp gained 1.53 per cent to Rs 276.10 after the Non-Banking Financial Corporation’s combined net profit jumped 118.3 per cent to Rs 140.92 crore...
Prudent Corporate Advisory Prices IPO at Rs 595-630 Per Share
Integrated wealth management services provider Prudent Corporate Advisory Services has set a price range of Rs 595-630 per share for its IPO. The IPO will...
HDFC Bank Q4 Profit Up 16% to Rs 3,700 Crore
Today, HDFC Bank Ltd had reported net profit of Rs 3,700 crore for the March quarter, up 16 per cent from Rs 3,180 crore a...
Eduvanz Raises Rs 50 Crore in Debt as Credit Disb in FY22
Eduvanz, a fintech with an NBFC license that provides low-cost EMI credit for learning and learning-related needs, Eduvanz has raised Rs 50 crore in debt....
Fintech Kinara Capital Secures Rs 380 Crore in Equity Funding Led by Nuveen
Kinara Capital, an MSME fintech, has closed a fresh equity round of Rs 380 crore led by Nuveen, a global investment manager with over $1.3...
Individuals With Income Above Rs 1 Cr Account of MF Industry AUM
There are 1.86 crore mutual fund investors in India, with 31 per cent of the industry’s assets under management (AUM) coming from individuals with income...