AMC

HDFC Asset Management Company has launched a Rs 2,500-crore private credit fund, marking a significant step in the evolution of India’s alternative investment landscape. The fund is designed to tap into the growing demand for structured credit solutions as traditional bank lending tightens and mid-sized enterprises seek flexible financing. By focusing on secured, yield-generating opportunities, the initiative underscores rising investor appetite for private credit as an asset class.

ICICI Prudential Asset Management Company is set to open its initial public offering this Friday, marking a significant moment for India’s rapidly expanding asset management industry. The offering comes at a time when equity markets are buoyant, investor participation is increasing, and the mutual fund sector is experiencing sustained inflows. The IPO is expected to attract strong attention from institutional and retail investors, driven by the company’s established market position, consistent profitability, and diversified product portfolio.

India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), is considering a significant revamp of how mutual fund houses compensate brokers—a move that could reshape cost structures across the asset management industry. The proposal centers on standardizing brokerage payments, curbing excessive commissions, and ensuring fund expenses reflect genuine investor interests. With concerns about opacity in execution costs and varying brokerage arrangements, SEBI’s new framework aims to strengthen governance and align AMC practices with global best standards.

Customer engagement and retention platform MoEngage has successfully raised $100 million in a new funding round led by Goldman Sachs Asset Management and A91 Partners, signaling strong investor confidence in India’s burgeoning SaaS ecosystem. This funding marks one of the largest recent investments in a customer engagement startup and underscores the rising demand for AI-driven marketing automation solutions globally.

In a decisive move underscoring optimism in India’s expanding asset management sector, ICICI Prudential Asset Management Company has filed draft papers with regulators to launch its initial public offering. This proposed listing by one of India’s largest fund houses aims to deepen its capital base and unlock value for stakeholders.