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Time of India
14-07-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund introduces BSE Power-based passive funds
Groww Mutual Fund has launched two new passive investment schemes: the Groww BSE Power ETF and the Groww BSE Power ETF Fund of Fund (FoF). Both schemes aim to track the BSE Power Index – Total Return Index (TRI), offering investors low-cost exposure to companies in India's power sector. The New Fund Offer (NFO) for both schemes will open for subscription on July 18 and close on August 1, 2025. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The Groww BSE Power ETF is an exchange-traded fund that seeks to replicate the BSE Power Index by investing in its underlying constituents in the same proportion. The Groww BSE Power ETF Fund of Fund (FoF) is a mutual fund that aims to invest in units of the ETF. Together, these schemes offer two different formats for participating in the same investment theme, according to a press release from the fund house. As per the release, these are India's first power-focused ETF and FoF, designed to capture the sector's evolution via the BSE Power Index – Total Return Index (TRI). Live Events The schemes aim to capitalize on India's evolving electricity landscape, shaped by long-term economic trends, supportive policy measures, and the accelerating momentum in energy transition. The fund house noted that constituents of the BSE Power Index have witnessed their revenues nearly double, and net profits more than triple between 2020 and 2024, indicating improved business fundamentals. Overall, the power sector is undergoing structural reform, supported by long-term tailwinds such as policy initiatives, rising consumption, clean energy adoption, and digital infrastructure. The Groww BSE Power ETF and FoF aim to capture this opportunity through a disciplined, index-based investment approach. The minimum application amount is Rs 500, with no exit load. Both schemes will be benchmarked against the BSE Power Index – TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Also Read | Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in June The Groww BSE Power ETF is suitable for investors seeking long-term capital appreciation through investments in equity and equity-related instruments that are part of the BSE Power Index. On the other hand, the Groww BSE Power ETF FoF is ideal for investors aiming for long-term capital appreciation by investing in units of the Groww BSE Power ETF.
Time of India
02-07-2025
- Business
- Time of India
Gold a darling investment not just for Indian households! Why corporates are investing big in gold ETFs
Gold prices surpassed ₹1 lakh per 10 grams in June 2025, primarily due to investors seeking safety during global political unrest. (AI image) Gold has always found traction as a safe haven asset in Indian households. But, you may be surprised to know that corporates are also investing in a big way in the precious metal - albeit its paper version, the gold ETFs. During a five-year period when gold prices increased by 86% in dollar terms per troy ounce, corporate assets under management (AUM) in gold ETFs experienced substantial growth at 55% annually, reaching ₹36,154.5 crore by March 2025, according to Value Research data quoted in an ET report. Why Corporates Are Betting on Gold ETFs Corporate entities, including companies, family offices, trusts and organisations, have increased their involvement in gold investments, particularly due to the unprecedented surge in gold prices over the past year. Corporates proportion of total Gold ETF AUM has risen to an unprecedented 61.4%—up from 50% in March 2020. In contrast, individual investors' share in the AUM decreased significantly—falling to 7.5% in 2025 from 16.1% in 2020. Nevertheless, retail folios increased by 37% year-on-year in 2025 to approximately 6.8 million, while their AUM grew by 39% to ₹4,440 crore during a year that saw the largest price increase for the secure asset due to global institutional purchasing. Traditionally, corporate investors have favoured the money market and liquid funds because of their high liquidity and minimal risk profile. These liquid funds, which come without entry or exit charges, enable straightforward cash management. However, these investors are now considering gold ETFs to diversify their investment portfolios, appreciating the convenience of holding gold in electronic form. "They (institutions) are now more actively allocating to gold as part of diversified strategies aimed at managing risk and preserving capital," said Vikram Dhawan, Head of Commodities and Fund Manager at Nippon India Mutual Fund. "This shift reflects growing institutional confidence in Gold ETFs as an efficient and transparent vehicle for accessing bullion exposure within a regulated framework,' the financial daily quoted him as saying. Huge Rise in Gold Prices Gold prices surpassed ₹1 lakh per 10 grams in June 2025, primarily due to investors seeking safety during global political unrest. By March-end this year, 24-carat gold reached ₹89,000 per 10 grams, showing a significant increase of nearly 30% from ₹69,000 in the previous year. Gold ETFs The total gold ETF Assets Under Management (AUM) includes retail investments made through Fund of Fund (FoF) schemes, which are investment products that put money into other funds. These FoFs are specific mutual fund schemes that invest in various other schemes or products. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo In mutual fund reporting systems, ETF investments via FoFs are categorised as "corporate" AUM rather than retail or HNI investments. This classification occurs because the FoF scheme, operated by a mutual fund, holds the ETF units directly. "The AUM figures primarily reflect corporate investments because retail investors usually access gold through Fund of Funds (FoFs), which in turn invest in Gold ETFs," said Niranjan Avasthi, senior vice president, Edelweiss AMC. Also Read | India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy? Multi-asset funds, which are favoured by investors, also include gold ETF investments in their portfolio. When an Asset Management Company (AMC) lacks its own gold ETF, investments from their gold FoFs or multi-asset funds go into other AMCs' gold ETFs. These investments appear as corporate AUM in the respective gold ETFs, according to Avasthi. When AMCs without their own gold ETF receive investments for their gold FoFs, they direct these funds into other companies' gold ETFs. Subsequently, these investments are documented as corporate AUM in those particular gold ETFs, as explained by Avasthi. Individual investors have increased their investments in gold Fund of Funds (FoFs) since July 2024, primarily due to advantageous tax modifications. The government's budget declaration established that when gold and equity-oriented FoFs are retained beyond 24 months, they would attract a long-term capital gains tax of 12.5%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
22-04-2025
- Business
- Time of India
NFO Alert: SBI Mutual Fund launches income plus arbitrage active FoF
Synopsis SBI Mutual Fund has launched the SBI Income Plus Arbitrage Active FOF, an open-ended Fund of Fund investing in actively managed debt and arbitrage schemes. Aimed at delivering stable, tax-efficient returns, the scheme opens for subscription from April 23–30. With a flexible allocation strategy, it targets conservative investors, HNIs, and corporates seeking optimal post-tax returns over 2–3 years.
Zawya
07-04-2025
- Business
- Zawya
Qatar: QIA's $1bln Fund of Funds programme set to highlight Startup Grind talk
Qatar - Leading venture capital (VC) firms under the Qatar Investment Authority's (QIA) $1bn Fund of Fund programme will discuss how this will impact the country's startup ecosystem during a Startup Grind Qatar event scheduled for April 16 at Workinton Alfardan Centre. Moderated by European Business Angels Network board member Marcel Dridje, the panellists include A-Typical Ventures founding & managing partner Alina Truhina; Rasmal Ventures partner Soumaya Ben Beya Dridje; Deerfield Management operating partner Dr Mussaad al-Razouki; B Capital principal Rishabh Aggarwal; and Human Capital operating partner Pradeep Desu. According to Startup Grind Qatar, the panel discussion will explore the plans and strategies of these VCs for Qatar and the region and how startups and stakeholders in Qatar can leverage their presence in the country. Startup Grind Qatar underscored QIA's $1bn Fund of Fund programme, stating this 'has changed Qatar's startup ecosystem.' The programme, Startup Grind Qatar further explained, 'is designed to bolster investments in startups as Qatar looks to grow the local startup ecosystem exponentially.' At the inaugural Web Summit Qatar held in Doha last February 2024, QIA launched the programme, which aims to 'develop a vibrant start-up and venture capital ecosystem in Qatar, spurring investment, growth, and innovation.' The QIA website stated, 'The programme aims to help close the current funding gap for entrepreneurs by providing financial resources while facilitating broader ecosystem support (e.g. helping to navigate the local landscape, supporting business introductions), bringing global best practices and capabilities to Qatar.' It further explained, 'By nurturing a robust venture capital ecosystem, the fund will help boost economic diversification, target sector growth, support local talent development, and promote sustainability across Qatar.' Aside from providing $1bn worth of funding to VC fund managers, the programme also aims to 'invest indirectly through existing venture capital funds and make targeted direct co-investments, and partner with fund managers with demonstrable track records of positive returns and commitment to Qatar.' During Web Summit Qatar 2025, HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani lauded the programme on its first anniversary, saying the QIA 'had fulfilled its commitment' in setting up the programme and for selecting an initial 'six leading global investment entities to deploy capital internationally, regionally, and locally.' QIA also announced at Web Summit Qatar 2025 its investments in B Capital and Deerfield. Both firms, which will be opening their regional headquarters in Doha this year, join Rasmal Ventures, Utopia Capital Management, Builders VC, and Human Capital 'as the first investment firms to participate' in the programme. Earlier, Gulf Times had reported that Utopia, backed by QIA and Qatar Development Bank (QDB), launched A-Typical Ventures during Web Summit Qatar 2025. 'A-Typical Ventures will launch a venture studio, and it is actively seeking the region's entrepreneurs looking to scale innovations and drive economic diversification across sectors, such as fintech, healthtech, e-commerce, logistics and mobility, and climatetech,' the paper further stated. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Peter Alagos
