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Mutual funds cut cash allocation by Rs 8,500 crore in August to Rs 1.82 lakh crore; ICICI Pru MF leads reduction

August witnessed a significant decrease in cash holdings among mutual funds, with a collective reduction of nearly Rs 8,502 crore across 27 asset management companies. Leading the charge, ICICI Prudential Mutual Fund cut back its cash by Rs 4,314 crore. In contrast, both Bandhan and Kotak Mutual Funds chose to…

The Economic Times

HDFC AMC appoints Ihab Dalwai as Senior Fund Manager – Equities

Ihab Dalwai has been appointed as a Senior Member of Investments at HDFC Asset Management Company, where he will oversee equity assets for specific HDFC Mutual Fund schemes. Previously, Dalwai held the position of Senior Fund Manager – Equity at ICICI Prudential. With a robust background of fifteen years in…

The Economic Times

Gland Pharma block deal: Fosun Pharma divests 99 lakh shares worth Rs 2,800 crore

Fosun Pharma sold a 6% stake in Gland Pharma for ₹2,800 crore via a block deal, reducing its holding to 45.77%. Major buyers included Kotak, Axis, and ICICI Prudential Mutual Funds, while Gland Pharma shares closed higher at ₹2,932.40.

The Economic Times

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NFO Alert: ICICI Prudential Mutual Fund to launch 3 life cycle funds

ICICI Prudential Mutual Fund has launched three open-ended life cycle funds with five-, 10- and 15-year horizons. The schemes use a glide-path strategy, starting with higher equity exposure that gradually shifts towards debt as maturity approaches. The NFOs — Life Cycle Fund 2031, 2036 and 2041 — are open for…

The Economic Times

Netweb Technologies shares fall 4% after raising Rs 1,200 crore through QIP

Netweb Technologies shares fell nearly 4% after the company completed its Rs 1,200 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in July 2023. The issue drew strong participation from global and domestic institutional investors, including Nomura, Goldman Sachs Asset Management and several mutual funds. The…

The Economic Times

Netweb Tech shares rise 4% as Nomura, Goldman Sachs invest in Rs 1,200 crore QIP

Netweb Technologies India shares rose nearly 3.5% to a fresh 52-week high after the company completed its Rs 1,200 crore qualified institutional placement (QIP). Nomura, Goldman Sachs, ICICI Prudential Mutual Fund and other institutional investors participated in the fundraise, which comes amid strong growth in the company's revenue and profit.

The Economic Times

Mutual funds increase cash allocation by over Rs 7,800 crore in July to Rs 1.90 lakh crore

Mutual funds boosted cash holdings by over Rs 7,856 crore in July. PPFAS Mutual Fund held the largest cash reserve at Rs 25,291 crore. This fund house has three equity-oriented funds in its portfolio. Rajeev Thakkar noted cash levels have fallen from a peak of 25%. Other fund houses like…

The Economic Times

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Mutual funds cut cash allocation by over Rs 4,500 crore in June to 19-month low

Mutual funds cut cash holdings by over Rs 4,563 crore to Rs 1.83 lakh crore in June, marking a 19-month low, as fund houses increased equity exposure amid a market rally. The move came as geopolitical tensions eased and crude oil prices declined. The Sensex and Nifty50 gained 2.98% and…

The Economic Times

Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment

Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its…

The Economic Times

NFO Alert: ICICI Prudential Mutual Fund announces launch of balanced hybrid fund

The new fund offer or NFO of the fund is open for subscription and will close on July 14. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.

The Economic Times

Mutual funds reduce cash allocation by over Rs 10,000 crore to Rs 1.87 lakh crore in May

Mutual funds reduced cash holdings by over Rs 10,000 crore in May to Rs 1.87 lakh crore, representing 4.24% of total assets. Equity AUM saw a monthly increase of Rs 46,274 crore, reaching Rs 44.25 lakh crore. PPFAS Mutual Fund led with the highest cash allocation at 17.67%.

The Economic Times

NFO Alert: ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF

ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF, offering exposure to 250 emerging companies. The NFO is open till June 16. The passive fund aims to track the index with minimal cost, targeting investors seeking diversified, long-term participation in India’s growing smallcap segment.

The Economic Times

Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed

South Korea and Taiwan are facing market pressure despite strong gains in semiconductor giants driving the AI boom. Heavy concentration in a few chipmakers has increased vulnerability to profit-taking and volatility, exposing the risks of narrow market leadership as investors reassess valuations amid geopolitical and economic uncertainties.

The Economic Times

Nippon India Mutual Fund limits subscription in Gold BeES and gold savings fund

Nippon India Mutual Fund has imposed temporary subscription limits on Nippon India ETF Gold BeES and Nippon India Gold Savings Fund from June 8. While SIPs and STPs will continue within prescribed limits, fresh lump-sum investments and direct subscriptions by large investors will face restrictions until further notice.

The Economic Times

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The Economic Times

ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF

ICICI Prudential Mutual Fund has restricted subscriptions exceeding Rs 25 crore in its Gold ETF, becoming the second fund house to do so after HDFC Mutual Fund. This move aims to curb excessive financialization of gold at elevated prices, potentially impacting India's current account deficit and rupee. Investors are advised…

The Economic Times

Mutual funds raise cash holdings by Rs 12,700 crore despite market rebound in April

Mutual funds boosted cash holdings by over Rs 12,000 crore in April, reaching Rs 1.98 lakh crore. This occurred even as Indian stock markets like Nifty 50 and Sensex saw significant gains. Several fund houses increased their cash positions, while others reduced them. SBI Mutual Fund held the largest cash…

The Economic Times

Edelweiss Mid Cap Fund among 13 equity mutual funds to offer over 20% CAGR in 3 and 5 years

A recent analysis revealed that thirteen equity mutual funds have delivered over 20% CAGR in both the last three and five years. Among these top performers, seven were midcap funds, four were smallcap funds, one was a multicap fund, and one was a large and midcap fund. These funds represent…

The Economic Times

ICICI Prudential Mutual Fund announces change in fund management of two funds

ICICI Prudential Mutual Fund has announced changes in fund managers for two schemes effective May 1, with S Naren exiting both. The Passive Multi Asset FoF and Global Advantage FoF will see revised management structures. The update comes amid ongoing reshuffles within the fund house’s portfolio management teams.

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