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Mirae Asset Seeks SEBI’s Nod For India’s First EV ETF

Inc42 · 1y ago

Mirae Asset Seeks SEBI’s Nod For India’s First EV ETF

A new ETF has been introduced to track securities included in the Nifty EV and New Age Automotive Index. The portfolio of this ETF will include established companies and those that have received PLI approval in the automobile and battery segments. This development comes after the introduction of the Nifty EV & New Age Automotive Index by the NSE last week.

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NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF

Economic Times

Economic Times · 2m ago

NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF

Mirae Asset Mutual Fund launched the Mirae Asset Nifty India Internet ETF, an open-ended scheme tracking the Nifty India Internet Total Return Index. The ETF opened for subscription on June 18 and closed on June 25, with continuous sale and repurchase starting on July 2. It allows investors to engage in India’s growing internet economy by investing in a mix of large, mid, and small-cap companies focused on online platforms. Managed by Ekta Gala and Akshay Udeshi, the minimum initial investment is Rs 5,000.

NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy

Economic Times

Economic Times · 3m ago

NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy

Mirae Asset Mutual Fund has launched two new funds: Mirae Asset Income Plus Arbitrage Active FOF and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund. The first fund offers dynamic allocations between arbitrage and debt funds, adapting to market conditions. The second follows a low-risk strategy, tracking high-quality, short-term AAA-rated financial instruments. Both funds focus on providing tax-efficient, stable returns during volatile market conditions, with a minimum initial investment of ₹5,000.

Meesho gets shareholder nod to raise Rs 4,250 crore via IPO - The Economic Times

Economic Times

Economic Times · 2m ago

Meesho gets shareholder nod to raise Rs 4,250 crore via IPO - The Economic Times

Meesho, an e-commerce platform based in Bengaluru, received shareholder approval for its IPO to raise Rs 4,250 crore. It plans to file under Sebi’s confidential route. The proposed offering includes a fresh equity issue and a sale by current shareholders. Recently shifted from the US to India, Meesho is also naming founder Vidit Aatrey as chairman and CEO. Previously valued at $3.9 billion, Meesho aims to be India’s first listed horizontal e-commerce firm.

Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset

Economic Times

Economic Times · 9d ago

Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset

The Mirae Asset Global Allocation Fund, operating through GIFT City, emphasizes the importance of international diversification for Indian investors. Vaibhav Shah of Mirae Asset highlights that major investment themes like AI, semiconductors, electric vehicles, and blockchain have limited exposure in India. By diversifying globally, investors can access high-performing markets and mitigate risks such as currency fluctuations. The fund strategically balances investments between developed and emerging markets, aiming for well-adjusted returns amid evolving market conditions.

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

VCCircle

VCCircle · 1y ago

AstroTalk backer Elev8 Venture Partners sets timeline for final close of maiden fund

Elev8 Venture Partners, the venture capital firm raising $200 million for its first fund, has announced a timeline for the final close of the fund. The firm, founded by a former Kae Capital partner, aims to raise Rs 834.4 crore for its maiden fund. Elev8 has South Korea's financial services firm Mirae Asset Global Investments as one of its backers.

Can Chinese markets continue to reward investors post 25% rally?

Money Control

Money Control · 11m ago

Can Chinese markets continue to reward investors post 25% rally?

- Foreign institutional investors (FIIs) have been withdrawing funds from Indian equities and investing in Chinese equity markets, with the CSI 300 Index and Hang Seng Index outperforming Indian benchmarks. - Investor interest in China-specific mutual fund schemes has risen in the past few weeks. - China's recent policy initiatives, favorable valuations, and investment opportunities make it a favorable time to consider investing in the Chinese market. - Four mutual funds focused on the Greater China region are available for investment, including Edelweiss Greater China Equity Off-Shore Fund, Nippon India ETF Hang Seng BeES, Mirae Asset Hang Seng TECH ETF, and Axis Greater China Equity FoF. - While the Chinese market has seen a comeback, sustainability of the rally will depend on strong fiscal support and future policy measures. - Investors who are bullish on China's recovery can consider investing, but should be prepared for intermittent bouts of profit-booking and exercise caution due to the market's long way to go.

Singapore's GIC seeks CCI nod to acquire 2% stake in Groww

Economic Times

Economic Times · 3m ago

Singapore's GIC seeks CCI nod to acquire 2% stake in Groww

Singapore's GIC, via Viggo Investment Pte, seeks approval from India’s CCI to acquire a 2.14% stake in Billionbrains Garage Ventures, Groww's parent. The acquisition, part of a deed executed in April 2025, adheres to India’s Competition Act. This stake in the investment tech unicorn aligns with prior funding activities that elevated Groww's valuation to $6.8 billion. Despite reporting a major tax-related net loss, Groww achieved operational profitability in FY24.

JPMorgan hires former Global X chief investment officer as ETF strategist

Reuters · 1y ago

JPMorgan hires former Global X chief investment officer as ETF strategist

JPMorgan Chase & Co's asset management division has hired Jon Maier, former chief investment officer of Global X, to lead a new global research effort focused on exchange-traded funds (ETFs). With assets at J.P. Morgan Asset Management's ETF division standing at $8.43 trillion, the bank's expansion in the ETF business has outpaced its larger rivals. Maier will provide analysis and insights on ETFs for investment clients in his new role. This move follows other recent senior executive changes in the ETF sector, including State Street hiring Anna Paglia, former global head of ETFs at Invesco, for a newly-created role.

Chinese robot maker AGIBot completes new round of financing - The Economic Times

Economic Times

Economic Times · 1m ago

Chinese robot maker AGIBot completes new round of financing - The Economic Times

Chinese humanoid robot maker AGIBot has completed a strategic financing round with investors including LG Electronics and Mirae Asset. The company did not disclose the funding amount. This marks LG Electronics' first investment in the embodied intelligence sector. AGIBot, recognized when Chinese President Xi Jinping inspected its robots during a Shanghai visit, is among several emerging Chinese humanoid robot startups.

Canadian firm launches AI-powered ETF targeting AI investments

Reuters · 1y ago

Canadian firm launches AI-powered ETF targeting AI investments

Canadian asset manager Evolve Funds Group has launched an exchange-traded fund (ETF) focused on artificial intelligence (AI), aiming to fill a gap in the market. The ETF, which uses AI rather than human decision-making to build its portfolio, is the first to specifically target AI investments. Evolve uses a model developed by AI consulting firm Boosted.ai to identify publicly traded North American stocks with AI exposure. The fund will rebalance quarterly and aims to avoid high turnover that may make other AI-focused ETFs less attractive.

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