Asset Management
Latest news, explainers and analysis on Asset Management. Tracking 5 stories on Arth Vani.
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Latest on Asset Management
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.
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