Mutual Funds

In a move that underscores growing investor confidence in India’s consumer-tech sector, SBI Mutual Fund has participated in eyewear major Lenskart’s pre-IPO funding round. The investment comes as the company readies itself for a much-anticipated stock market debut, expected to value it among the country’s leading direct-to-consumer (D2C) brands.

Choice International Ltd., a diversified financial services group, has reported a significant expansion of its assets under management (AUM) to Rs. 635 crore, achieved primarily through a series of strategic acquisitions. This milestone underscores the company’s commitment to strengthening its wealth management and advisory verticals amid rising competition in India’s financial services sector. The acquisitions have not only accelerated growth but also enhanced Choice International’s client portfolio, operational capacity, and market reach.

In a decisive regulatory step aimed at strengthening investor trust and ensuring fair pricing, the Securities and Exchange Board of India (SEBI) has announced a fresh review of valuation methodologies used by mutual funds for gold and silver holdings. This initiative is designed to standardize how these precious metals are priced within mutual fund portfolios, reducing discrepancies and enhancing transparency.