Quant Mutual Fund (MF), the fastest-growing major fund house, has registered a decline in its quarterly average assets under management (QAAUM) for the first time since June 2020, amid market corrections and a slump in equity fund performance.
The fund house managed ₹96,697 crore on an average in the quarter ending December 2024, a 0.4 per cent decline from the previous quarter. This is the first time in at least the last five years that its AUM growth was slower than that of the industry.
The industry QAAUM went up 3.6 per cent quarter-on-quarter (Q-o-Q) to ₹68.6 trillion in the December quarter, according to data from the Association of Mutual Funds in India (Amfi).
However, Quant MF is still the fastest-growing large fund house on a year-on-year basis. Compared to the December 2023 AUM of ₹40,675 crore, the December 2024 quarterly AUM is up 138 per cent.
Denne historien er fra January 16, 2025-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 16, 2025-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Focus should be on smart talent, not labour arbitrage
Amid debate over a 90-hour work week, serial investor and upGrad Chairperson RONNIE SCREWVALA argues that both companies and countries are now seeking the brightest minds, rather than simply relying on labour arbitrage. Screwvala, who was in Davos last week for the World Economic Forum (WEF) annual meeting, tells Peerzada Abrar in an online interview that India has a huge opportunity to position itself as one of the world's most innovative nations by focusing on developing its talent pool in areas like artificial intelligence (AI) and emerging technologies. Edited excerpts:
Global Majors to Power TN's ₹42K Cr Green Hydrogen Hub
Four global majors — Malaysian government-owned oil and gas giant Petronas-backed Amplus Ganges Solar, Singapore's state-run energy firm Sembcorp Industries' Green Infra Renewable Energy, Gurugram-based Acme Green Hydrogen and Chemicals, and ReNew Energy's subsidiary ReNew E-Fuels — are set to propel India's green hydrogen ambitions in South India.
Fault lines of fear threaten to fracture market's fragile core
Seismic shifts in sentiment call for a sell-on-rise approach: Analysts
If margins come under pressure, there may be delays in some projects
India's largest steel producer JSW Steel plans to continue with its ₹65,000 crore capex within timeline if margins are supportive. In an audio interview, company's Joint Managing Director and Chief Executive Officer JAYANT ACHARYA tells Ishita Ayan Dutt that the steel industry expects the government to take safeguard measures to curb dumping after Budget. \"A level playing field is very critical,\" he emphasizes. Edited excerpts:
Will speak to Putin soon: US prez
US President Donald Trump has said that he would soon speak to his Russian counterpart Vladimir Putin and help in settling the war in Ukraine.
Opportunity, risks for India in Quad's Trump card to counter China
Grouping's first meeting under new US President reaffirms its commitment to Indo-Pacific security, though experts flag concerns, writes BHASWAR KUMAR
Toyota's tech, Suzuki's consumer expertise driving alliance in India
Two companies have identified fossil fuel reduction as common objective: TKM's Maru
India emerges as Japanese Manga's latest 'superhero'
Investments in Japanese-style comic books and graphic novel content, famously known as Manga, will see more interest from the Indian media and entertainment industry.
A sagging India story
Overenthusiasm about India was so 2024. The Budget's task is to revive flagging momentum
Devil is in the details
Runaway growth in retail credit and the related stress in the business call for an urgent need to educate and protect consumers, reports RAGHU MOHAN