#Mutual Funds

Lightspeed sells entire PhysicsWallah stake for Rs 550 crore via block deal

DSP Finance acquires Volt Money

The acquisition is expected to bolster DSP Finance’s offerings in loans backed by financial assets, particularly mutual funds.

Kissht gets AMFI registration for mutual fund distribution biz

The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.

AMFI suspends Stable Money’s mutual fund distribution arm for six months

Some users have already been affected, with investors reportedly receiving SIP transaction failure messages.

Peak XV Partners offloads Go Digit shares worth Rs 100 crore via block deal

Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.

Scripbox buys Bluechip Capital’s mutual fund distribution business

The acquisition forms part of Scripbox’s broader strategy to bring independent wealth management businesses into its network.

Altimeter Capital sells Pine Labs shares worth Rs 211 crore via block deal

The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.

Kissht raises Rs 278 crore from anchor investors

Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.

State Street to invest Rs 580 crore in Groww's asset management arm

Groww Asset Management is also entering into a strategic relationship agreement with the buyer.

PhonePe Wealth launches feature to let users invest in MFs starting at just Rs 10 a day

The new option seeks to tap into India’s rapidly expanding SIP ecosystem.

Pine Labs raises Rs 1,754 crore from anchor investors

Nearly 47% of the total anchor allocation went to 12 domestic mutual funds across around 30 schemes.

Motilal Oswal Mutual Fund hikes stake in Paytm

Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm to raise its stake to 5.15% through open market transactions.

Rainmatter invests in former Zerodha advisor floated company

This is Capitalmind's first institutional funding round and it comes after the launch of its mutual fund business.

Jainam Broking invests $3 million in investing platform Deciml

Deciml, which uses its round-up feature to automatically invest spare change from users’ daily transactions into mutual funds, is Jainam Broking's first startup investment.

Jio, BlackRock JV sets up stock broking unit; invests Rs 117 crore in mutual fund unit

The JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.

Scripbox cuts FY24 losses by 62% as employee benefits cost decline

Scripbox's overall expenses was reduced by 25% to Rs 134.24 crore in FY24 from Rs 179.4 crore in FY23.

Unifi Asset Management receives Sebi nod to launch mutual fund business

Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).

Fintech highlights of the day

Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.