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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.
Low profitability, lagging metrics and a lack of succession planning are expected to weigh heavily on the proposed stock market debut of India’s largest asset management company.
As the country’s largest asset manager gears up to hit the bourses, the buzz is understandable. All eyes are on SBI Funds Management as it aims for a 10% stake sale by the fund house’s shareholders, SBI (India’s largest lender) and Amundi (Europe’s biggest fund manager). But the year kicked off with a sobering reality check for the impending high-stakes IPO.
About two weeks ago, Wall Street giants Citigroup Inc. and JPMorgan Chase and Co. reportedly opted out of advising SBI Funds. The reason: low fees.
While two banking majors exiting ahead of a megalisting is a significant development, it …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.
