Asset Management
Latest news, explainers and analysis on Asset Management. Tracking 7 stories on Arth Vani.
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Latest on Asset Management
Creative Planning Acquires $4.3 Trillion Institutional Investment Firm RVK
Creative Planning, a prominent wealth management firm, has announced its acquisition of RVK, an institutional investment consulting firm with a massive $4.3 trillion in assets under advisement. This strategic move significantly expands Creative Planning's footprint in the institutional asset management sector and reflects a broader trend of consolidation in the global financial services industry.
Nippon Life India AMC to Host Analyst Meet on September 21
Nippon Life India Asset Management Limited (NAM India) has announced it will hold an analyst and investor meet on September 21, 2023. The company will provide updates on its business performance and strategic initiatives.
European Central Banks Repatriate Gold from US Vaults Amid Reserve Rethink
European central banks are reportedly moving their gold reserves out of US vaults, signaling a significant shift in how central banks view the storage of their assets. This trend reflects a broader reevaluation globally regarding the ideal location for national gold reserves.
Why a Company Selling Key Assets Cheaply is a Red Flag for Investors
The recent situation with Spirit Airlines, highlighted by Yahoo Finance, serves as a crucial warning for all investors. When a company is forced to sell its most valuable assets at significantly undervalued prices, it often signals deep financial distress and raises serious questions about its long-term viability and growth prospects.
Zerodha Fund House Operating Revenue Jumps 78.7% to ₹16.8 Cr; Losses Narrow
Zerodha Asset Management Pvt Ltd, which operates Zerodha Fund House, reported a substantial 78.7% increase in its operating revenue, reaching ₹16.8 crore. The company also managed to narrow its losses, signalling a positive financial trajectory for the relatively new asset management firm. This performance underscores Zerodha's growing footprint in India's competitive mutual fund sector.
IPOBreakingSBI Funds Management Debuts Strongly, Closes 6.3% Above IPO Price
SBI Funds Management, a prominent asset manager, made a robust stock market debut, with its shares closing 6.3% higher than the initial public offer (IPO) price. The company successfully raised over ₹9,813 crore through this IPO.
India’s Largest AMC to Go Public: SBI Mutual Fund Gets SEBI Nod for July IPO
SBI Funds Management, the country's leading mutual fund house, has received approval from SEBI for its much-awaited stock market debut. The IPO, expected to launch in early July, will allow retail investors to own a piece of the joint venture between State Bank of India and Amundi.
Mutual fund data is sourced from AMFI and shown for information only — funds are subject to market risks. Read all scheme-related documents carefully. Some listings may be sponsored. Not investment advice.