Latest News for: India wealth fund


Sebi’s TER regulations for MFs may dent listed AMCs’ FY25 net operating profits by 27%: Nuvam

The Times of India 29 May 2023
The proposed TER structure for equity assets size in excess of Rs 1 trillion reduces the TER, which includes all taxes and STT, to 130 bp, which is too aggressive for India's nascent fund management industry, according to Nuvama Wealth Management.

Angel Tax on multinational companies may bedevil FDI

The Times of India 29 May 2023
The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.

New angel tax valuation rules to give more flexibility to investors

Financial Express 27 May 2023
Bhavin Shah, deals leader, PwC India, noted that almost all fresh investments by venture capital funds in startups has historically been through CCPS ... Investors including government and government-related investors such as central banks, sovereign wealth funds, international or ...

Sovereign wealth funds likely to make big investment decision in Indian market at Global Wealth conference

Live Mint 26 May 2023
The GWC platform has attracted some of the world’s largest pools of capital, some of which are coming from India.According to SWFI, sovereign wealth funds globally see India as a destination for direct investments.In 2022, the sovereign wealth funds directly invested $ 6.714 billion into India in 2022, compared to just $ 4.3 billion in 2021.

Investors from 21 nations exempted from angel tax

The Times of India 26 May 2023
India exempted investments by non-resident entities such as sovereign wealth funds and pension funds from 21 countries from the so-called 'angel tax', leaving out Mauritius, Singapore, and Luxembourg among others that account for significant equity inflow into the country.

SEBI-registered FPIs and sovereign wealth funds among those exempt from angel tax

Indian Express 20 May 2023
Government and government-related investors such as central banks, sovereign wealth funds, international or multilateral organisations; entities registered with Securities and Exchange Board of India; and banks or entities involved in insurance business ... funds and pension funds.

Changes proposed to Angel Tax rules, more valuation flexibility on the cards

The Economic Times 20 May 2023
India on Friday proposed to exclude a host of foreign investors including sovereign wealth funds and pensions funds from the purview of the so-called "angel tax", offering the much-needed relief to the startup sector staring at a funding winter ... .

Brookfield, GIC to co-invest in real estate

Live Mint 19 May 2023
Brookfield India Real Estate Investments Trust and the Singapore government’s sovereign wealth fund will together acquire $1.4 billion worth of commercial real estate assets in Mumbai and Gurugram, the firms said in a joint release ... “Brookfield India REIT and GIC will acquire two ...

Brookfield India REIT, Singapore's GIC to buy India assets for $1.4 bln

Reuters 19 May 2023
BENGALURU, May 19 (Reuters) - Brookfield Asset Management (BAM.TO) will sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India (BROF.NS) and Singapore sovereign wealth fund GIC in a deal with an enterprise value of $1.4 billion.

Kotak Equities initiates coverage on KFin Technologies, sees 18% upside. Here's why

The Times of India 18 May 2023
KFin is a multi-product, multi-geography diversified financial services infrastructure company, providing solutions to assets managers, alternate investment funds, wealth managers, pension funds and companies in India and South-East Asia ... KFin is the second player in an MF RTA duopoly with ~30% market share ... (Disclaimer ... .

Mukesh Ambani returns to the spotlight

Economist 18 May 2023
Its Jio telephony unit went from nothing to 439m mobile customers, or 37% of India’s total, in seven years ... Debts are up (see chart 2), having dropped in 2021 after capital injections from foreign tech giants such as Alphabet and Meta, and sovereign-wealth funds, which all saw teaming up with a local titan as a way to partake in India’s rise.

Parineeti Chopra-Raghav Chadha love story: Actress met AAP MP in London, fell in love on ...

DNA India 14 May 2023
It is expected that the couple would be getting married in the next few weeks ... Raghav Chadha studied at the London School of Economics (LSE) and set up a wealth management fund in London before returning to India, while Parineeti Chopra completed her degree in finance and economics from the Manchester Business School ... .

Uncovering the attraction: Why sovereign funds are flocking to India

Financial Express 06 May 2023
While the deals may look different, all these investments have one thing in common – sovereign wealth funds and pension funds from around the world are investing in India. India is the second most coveted investment market after the United States for sovereign wealth funds and public pension funds in 2022, said a study by asset manager Invesco.

Qualities for a successful stock investor

Business Line 05 May 2023
Instead, the role models must be fund managers in India such as Prashant Jain (ex-HDFC mutual fund) or Sankaran Naren (ICICI Pru) who have equally impressive records derived from managing public money. Asked about the qualities for being a successful equity investor in India, he reels out many.

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