Mutual funds articles
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mutual fund: Small towns, retail investors central to fintech’s AMC plans
New generation asset management companies (AMCs) looking to carve out a niche among well entrenched traditional mutual funds are betting on two factors: retail and small towns. Armed with simple passive investment products and a strong digital distribution, players like Groww MF, Zerodha Fund House and Navi Mutual Fund are looking to build for the long term. Data sourced from AMFI (Association for Mutual Funds of India) shows that around 70 to 80% of the investors in the index funds of these...
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Innovate UK Fund Announces Six Organizations Funded by £1M Grant
The Innovate UK Fund has announced six winners to be awarded grant funding from the government totalling £1 million to jumpstart ‘AI in the music industry.’ Competition assessors agreed that AudioStrip would benefit and strengthen the UK music industry by saying “this is well planned, resourced, and researched innovation that can impact the business, market, […]
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A16z raises second gaming fund at $600M as part of $7.2B funding
A16z announced that it has raised a new $600 million games fund as part of a $7.2 billion raise for the venture capital company.