With the AIM (Alternative Investment Market) becoming increasingly popular as a fund raising destination, Indian companies are flocking to tap the opportunity provided by this sub-market of the LSE.
Domestic fund houses forge pacts with foreign peers to mop up $7 billion.
Sixty out of 154 mutual funds have underperformed their benchmarks by over 30 per cent
Spectacular returns by the recent initial public offerings on listing day are prompting a growing number of retail investors and even high net worth investors to borrow funds at a costly 16 to 17 per cent (for two or three weeks) to bid for IPO shares.
The new entrants into the Indian mutual fund industry are making big strides through a plethora of new fund offerings and fixed income schemes as they grow their assets under management at a fast pace. Fund house Lotus Asset Management Company, which was launched just a year ago, has seen its assets grow from Rs 6,385.86 crore (Rs 63.85 billion) to Rs 8,142.93 crore (Rs 81.42 billion) in October, a steep rise of 27.5 per cent.
Mutual funds are all set to capture the buoyancy in the energy sector. The latest to join the bandwagon is Sundaram BNP Paribas Mutual Fund, which is coming out with a three-year, closed-ended new fund offering 'The Energy Opportunities Fund'. The fund will invest in equity and equity-related instruments of companies focussed on the energy space or those directly or indirectly benefiting from it.
Shares list at 21% premium over offer price of Rs 825.
Market experts see interest in Indian equities given the strong economic growth, robust earnings and rising domestic consumption.
Islamic India, a Euro 20 million fund launched in Germany in January this year, is set to make its debut in the Indian equity market in a couple of weeks and expects a five-fold growth in its corpus within a year
With the market zooming up one day and plunging the next, analysts think it's best to wait and watch in this volatile situation.
Mid-sized Indian IT companies are increasingly adopting the Foreign Currency Convertible Bonds route to raise funds.
This comes on the back of impressive performance in infrastructure stocks in 2006 and in the first seven months of this calendar.
Brokerages are stepping up the gas on internet trading, targeting young office-goers and home keepers
Lower price-earnings ratio, big IPOs attract players.
Fund managers said they were now waiting for first-quarter results of IT firms, which begin with Infosys Technologies next Wednesday (July 11), to decide their investment strategy for the sector.
The Indian mutual fund industry's assets under management race from Rs 3 trillion to Rs 4 trillion has come in just nine months.
The ministry of corporate affairs (earlier company affairs) is amending the stringent IDR (Indian depository receipts) regulations to make it easier for foreign companies to list here.
India Inc created a new record by mobilising Rs 24,993 crore (Rs 249.93 billion) in FY06-07, which is higher by as much as 5 per cent compared with the previous year's Rs 23,676 crore (Rs 236.76 billion).
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