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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Once the star of its sector, the dynamic bond fund has seen assets drop to 10% of their peak in 2016, and has little to show by way of performance to attract investors.
Flagship products are often synonymous with the big-name companies behind them. With Aditya Birla Sun Life Dynamic Bond Fund, that’s definitely the case.
Once the torch-bearer of the entire fixed income mutual funds category, the scheme boasted of nearly Rs 16,000 crore in assets and benchmark-beating returns. Such was its dominance that the second largest scheme in the segment—SBI MF’s Dynamic Bond Fund—was about a fifth its size as recently as seven years ago. The next largest—ICICI Prudential Dynamic Bond Fund (now called ICICI Prudential All Seasons Bond Fund)—had less than 10% of its assets.
Today, Aditya Birla Sun Life …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
