Although India’s corporate bond market has been dominated by issuances in the higher credit rating categories, lower rated entities have been tapping the bond market increasingly.
The growth in Cat II funds have been contributed by the Private Credit segment with debt investments contributing 40% to the segment as of September 2024.
UTI, Nippon Life India and SBI are the top three PMS players in terms of non-EPFO AUM. In terms of number of clients, ICICI Prudential AMC, ASK Investment Managers and Motilal Oswal AMC are the top players.
With the new Accredited Investors framework, investors will be able to infuse an amount in AIFs that could be much lower than the stipulated minimum amount of Rs.1 crore.
The Union Budget presented by the FM introduces new measures, modifies old norms and extends time limits to further enhance the business activities in the IFSC.
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