RBI tightens norms for lenders investing in AIFs
Banks and NBFCs make investments in units of AIFs as part of their regular investment operations.
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Diverse Product Offerings Make AIFs A Good Bet
Alternative Investment Funds provide exposure to start-ups, early stage, and growth-stage products.
Govt commits ₹7,385 crore under Fund of Funds for Startups
As part of the scheme, 88 AIFs have invested ₹11,206 crore in 720 startups as of September 24, 2022.
Solar sector heats up with big-ticket Edelweiss deal
Edelweiss Group’s Edelweiss Infrastructure Yield Plus fund acquires 74% stake in solar portfolio of France’s Engie Group for a reported $500 million.
Budget proposes cleansing mechanism for PSBs
Apart from recapitalisation, public sector banks get a shot in the arm in the form of ARC and AMC mechanisms to clean up their books.
Indian mutual funds set for bumper growth
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Edelweiss Group fund raises ₹6,600 crore
Amidst subdued economic climate, this is the year’s largest fund raise in the Indian private credit space.
