Mutual funds articles
-
paytm: Mutual funds, foreign portfolio investors increase stake in Paytm
Mutual funds, retail investors and foreign portfolio investors have increased their shareholding in One 97 Communications at the end of the March quarter of 2024, the company said in a stock exchange filing today.According to data released by BSE, mutual funds expanded their shareholding in the March quarter to 6.15% from 4.9% in December 2023. Mirae Mutual Fund and Nippon India Mutual Fund have acquired more shares in Paytm in these three months.After Softbank reduced its stake in Paytm by 5%,...
-
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...
-
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.