Sector: Asset Management Companies
Angel One appoints a fintech veteran as CEO
Angel One Appoints Ambarish Kenghe (AK) as Group Chief Executive Officer AK is currently Vice President and General Manager at Google Pay APAC. He was instrumental in scaling Google Pay’s in India. He also had a key role in the launch of Chromecast and Google TV’s development. Before Google, AK had served as Chief Product … Read more
These mutual funds have returned 100% more than Nifty! Where should investors put their SIP money?
Systematic investment plans (SIPs) in thematic/sectoral funds, as well as small and mid-cap schemes, have yielded returns that are more than twice as high as those of the broader market benchmark index Nifty 50 over the past three years. In contrast to the 21.3% return generated by an SIP in the Nifty 50 index over … Read more
Aditya Birla Capital to sell partial stake in AMC
Aditya Birla Capital (ABCL) and Sun Life (India) AMC Investments Inc. (Sun Life) are the Promoters of Aditya Birla Sun Life AMC (ABSAMC). ABSAMC serves as the investment manager for AB Sun Life MF, a legally registered trust governed by the Indian Trusts Act. Promoters currently together hold 86.48% of the ABSAMC – 49.99% by … Read more
Jio Financial partners with Blackrock
Jio Financial Services Ltd (JFSL), the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company. It’s a 50:50 JV with both partners planning to invest $150 million each in the JV Jio BlackRock will bring BlackRock’s deep expertise and … Read more
AI Can Outperform LPs at Picking Top Private Equity Funds, Study Finds
AI can pick private equity firms to back better than many investors, per an Oxford study. Researchers trained AI to read 400 prospectuses to predict the top-performing funds. However, lead researcher Ludovic Phalippou believes it should still only be used as a sounding board. Artificial intelligence can pick out top-performing private equity (PE) funds better than … Read more