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Prudent Equity launches maiden fund with minimum ticket size of Rs 50 lakh

EntrackrEntrackr · 1y ago
Prudent Equity launches maiden fund with minimum ticket size of Rs 50 lakh
Medial

The Gurugram-based wealth management firm Prudent Equity has launched its maiden growth strategy Portfolio Management Service (PMS). This fund leverages a proven bottom-up value investing approach to capture mispriced opportunities while prioritizing capital protection. According to Prudent Equity, the fund will provide with a minimum investment of Rs 50 lakh, which is designed for investors seeking long-term capital appreciation over 36 to 60 months. The fund is tailored to meet the needs of a diverse range of investors, including (HNWIs) and (UHNWIs), offering a solution for medium- to long-term investment goals. Prudent Equity aims to achieve Rs 250 crores in Assets Under Management (AUM) for the growth strategy PMS Fund by the end of 2025. Launched in 2012 by Siddharth Oberoi, Prudent Equity is an asset management company serving family offices, HNI and retail investors. Since inception, The platform focuses on serving individuals, families and corporations by providing actionable advice on their equity investments. The growth strategy PMS fund will align with its aim of consistently meeting investor needs and providing services. Since its inception in 2012, It claims that it has maintained a client-centric approach, as demonstrated by the strong performance of its Alternative Investment Fund (AIF) launched in 2022. The platform also claims that its existing ACE fund has recently delivered 75% return over the past 12 months, compared to 37% for the benchmark.

Green Portfolio sets Rs 300 Cr target with new fund

EntrackrEntrackr · 5m ago
Green Portfolio sets Rs 300 Cr target with new fund
Medial

Green Portfolio, a portfolio management service provider, has announced the launch of its Category III Alternative Investment Fund (AIF) with a target of Rs 300 crore and claims to have secured over 50% of its commitments from existing and potential investors. Green Portfolio’s entry into India’s AIF industry aligns with this trend, offering investors a structured approach to accessing both listed and unlisted markets. By leveraging the flexibility of a Category III AIF, it seeks to provide its investors with diversified, high-growth opportunities in India’s dynamic financial markets. The firm aims to identify promising opportunities early on, allowing it to offer clients unique investment avenues alongside its PMS offerings. It intends to scale AIF assets to Rs 1,000 crore over the next few years while remaining committed to delivering reliable and sustainable returns. Green Portfolio states that the fund provides flexibility to invest in promising businesses through various channels, including preferential allotments, private placements, and secondary opportunities. It aspires to grow its AIF offerings while ensuring that its careful approach to risk leads to steady, sustainable growth for investors. The fund will allocate 70–80% of its capital to listed equities, with a focus on small-, mid-, and micro-cap stocks, while 20–30% will be invested in pre-IPO and private market opportunities. It will also consider preferential allotments, private placements, secondary opportunities, and investments in SME companies. The fund is sector-agnostic and aims to capitalize on India’s growth by identifying value- and growth-driven investments.

Jio-BlackRock JV to enter wealth management, stock broking biz

EntrackrEntrackr · 1y ago
Jio-BlackRock JV to enter wealth management, stock broking biz
Medial

Jio Financial Services and US-based BlackRock have formed a joint venture to launch wealth management and broking businesses in India. In an exchange filing on Monday, Reliance’s Jio said that it has signed a 50:50 joint venture for the purpose of undertaking the two business ventures. The duo had announced an agreement in July 2023 to form a 50:50 joint venture with a $150 million investment each to enter the asset management business in India. With this, BlackRock is re-entering India’s asset management sector nearly six years after exiting the joint venture with DSP Group in 2018. Jio will compete with the likes of Zerodha, Upstox, Groww, AngelOne, and ICICI Securities, Paytm, PhonePe, ETMoney, Scripbox in the overcrowded market of stockbroking and wealth management. Tata Neu is also planning to start offering stock broking services soon. Entrackr exclusively reported the development. In February, fintech unicorn CRED made an entry into the wealth management space with the acquisition of mutual fund investing platform Kuvera.

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