Centre to discuss on pension fund investment in startups: DPIIT Secretary

Inter-ministerial body will also examine call for priority sector lending The government will initiate discussion on the possibility of channelising a part of employee provident fund (EPF) investments into financing startups, a senior government official has said. “There is a major demand from startups for the government pension fund in India to carve out a […]

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Youth turned to crime to fund his lavish lifestyle, arrested

New Delhi: A 25-year-old youth was arrested at Inderlok Metro Station on October 12. Police said that the accused, to live a lavish lifestyle, started committing the crime. Police identified the accused as Pradeep Kumar. He left his studies after BA Ist Year from SOL, Delhi University. “He is very fond of living a high-standard […]

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Sundaram Equity Fund NFO attracts Rs 358 cr investment

Sundaram Mutual has managed to attract investment of Rs 358 crore in its multi-cap Sundaram Equity Fund during the new fund offer period which closed for subscription on August 30. The open-ended equity scheme will invest across large-, mid- and small capitalisation stocks. Sundaram Equity Fund re-opens for fresh subscriptions on September 16. Sunil Subramaniam, […]

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IIFL fund leads $130 mn investment in Northern Arc Capital

Non-banking financial company Northern Arc Capital Ltd said on Tuesday that it has secured a fresh investment of Rs 910 crore (around $130 million) from a clutch of institutional investors. IIFL Special Opportunities Fund and Standard Chartered Private Equity (SCPE) — both existing investors — along with Affirma Capital contributed to the round, Northern Arc […]

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How UPI is making mutual fund investments faster

By offering UPI, mutual fund investment houses are trying to reduce the time for investing in a scheme to within 24 hours. Photo: iStockphoto As digital transactions slowly but surely gain steam in the country, mutual funds too are opening up newer digital avenues for investors. The aim is to make investing as easier as […]

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Mutual fund investment platform Nivesh.com raises angel round

Noida-based Providential Advisory Services Pvt. Ltd, which runs mass market mutual fund investment platform Nivesh.com, has raised an angel round from VCCircle founder PV Sahad, former head of investor relations at Infosys Sandeep Shroff and Right Global Infosolutions CEO Rahul Gupta. The omni-channel platform, founded in August last year by Anurag Garg and Sridhar Srinivasan, […]

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Retiring Business Owners: Search Fund Firm Seeking to Invest in Single Small Company

Alessio Baraldi and Dmitri Ivanov, two Brooklyn, N.Y.-based entrepreneurs and co-presidents in the private investment fund Albaron Growth Partners, have a rather unusual goal: to acquire a single company valued between $5 and 50 million, which they will then operate as principals. Baraldi and Ivanov founded Albaron with a simple premise: a growing number of small-company […]

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