ASSET MANAGEMENT
India has a 1% GDP opportunity. It’s hiding in plain sight
India could unlock a 1% GDP opportunity by reducing productivity losses from equipment breakdowns, unplanned downtime and inefficient assets, industry leaders said at MRAM Expo 2026. With 88% of Indian industrial businesses reporting monthly unplanned outages, experts are pushing predictive, data-driven maintenance to improve output and extend asset life.
Saurabh Mukherjea’s Marcellus ties up with VanEck to widen global investment offerings for Indian investors
Marcellus Investment Managers has partnered with VanEck to expand its global investment offering for Indian investors through a multi-asset strategy. The portfolio will span global equity and bond ETFs, commodities and real assets, giving high-net-worth investors access to diversified global exposure and dollar diversification through Marcellus GIFT City.
ICICI Prudential AMC buys over 0.5 million sq ft office space in Bengaluru for Rs 626 crore
In a significant investment, ICICI Prudential Asset Management Company has finalized the purchase of a prime commercial property located on Kanakapura Main Road in Bengaluru for about Rs 626 crore, acquiring a 56% share in the Purva Zentech tower. This acquisition targets the growing demand for top-grade office space fueled by technology companies and global capability centers.
Global Market: Nomura Asset Management targets global investors as Japan markets regain appeal
Nomura Asset Management is seeking to capitalise on rising global interest in Japanese equities and bonds, using stronger markets, higher yields and an expanded overseas network to grow its international business.
Does high income guarantee financial security? Americans earning over $300,000 living 'paycheck to paycheck', says Goldman Sachs survey
Goldman Sachs' latest survey uncovers a surprising trend: many high-income earners are struggling to make ends meet, living paycheck to paycheck. Both individuals earning over $300,000 and under $100,000 are affected, often delaying important financial ambitions. Key challenges cited include escalating housing costs, daily expenses, and debt obligations. As workers increasingly seek second incomes, experts emphasize the need for improved financial planning and tailored advice to enhance savings prospects.
Vikas Khemani’s Carnelian Mutual Fund appoints Rajkumar Dhiman as CEO
Carnelian Mutual Fund has appointed Rajkumar Dhiman as CEO as Vikas Khemani’s asset management firm expands into mutual funds, with the fund house set to launch liquid and smallcap funds.
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SpaceX seeks $40 billion to buy Nvidia chips, FT reports
The Elon Musk-led company is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund its chip order, the report said.

Pimco touts diversification need as yields lure at 24-year high
According to Pimco, bond yields are at unprecedented peaks, offering lucrative income opportunities for investors. The firm recommends allocating funds across both developed and emerging markets to lessen risk exposure. Long bonds signal possible inflation persistence, fueled by rising energy costs. They also highlight fiscal challenges in nations such as the US and France in their latest report.

Nvidia share price jumps nearly 30 per cent in 2026 as world's most valuable company heads for USD 6 trillion market value
Nvidia stocks, market cap: Elon Musk's SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday.

ET Alpha Wealth Summit 2.0: Where is smart money moving amid global market churn?
As global capital shifts amid rising bond yields, changing valuations and new investment themes, investors are asking where the next opportunities could emerge. At ET Alpha Wealth Summit 2.0, two back-to-back sessions will explore where long-term capital is moving and how family offices and institutions are putting money to work across private credit, venture debt, co-investments and alternative strategies.

Global Market | Central banks face tougher crisis-management role as public debt rises: BIS chief
BIS chief Pablo Hernández de Cos warned that future financial crises could be harder to manage amid soaring public debt, fiscal deficits and volatile bond markets. Growing non-bank financial risks and rapid technologies could accelerate turmoil. He urged stronger regulation, coordinated government action and international cooperation to preserve central banks’ crisis-management capabilities.

ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registration
The ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss trends affecting capital flows and investment strategies. Keynote speeches and panel discussions will cover topics such as alternative assets, structured debt, and family office investment frameworks. The summit aims to provide insights into evolving wealth creation methodologies and the role of technology in investing.

India-led ARIN-AP meet focuses on tracing, confiscation and return of crime assets
The 11th annual general meeting of the Asset Recovery Interagency Network took place in New Delhi. Key topics included tracing illicit assets, confiscation, and asset management strategies. India shared its experiences in asset restoration under the Prevention of Money Laundering Act. The presidency was handed over to Singapore for the upcoming year, emphasizing the importance of trust in collaborations.

Kissht parent's AUM rises 68% to Rs 9,317 crore in September quarter
OnEMI Technology Solutions reported a remarkable increase of 68.4% in assets under management, reaching Rs 9,317 crore. The quarter witnessed a substantial rise in loan disbursements, up by 56% year on year to about Rs 4,612 crore. As part of its growth strategy, the company is expanding its secured lending business. The user base has also surged by 32.6%, totaling 79.54 million by the end of September.

Nvidia's bet that its chips can finance the AI boom gets a Wall Street reality check
By Saeed Azhar, Max A.- Nvidia's mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth.

Insurers mull seeking mutual fund-style expense limits from IRDAI
The insurance industry is currently discussing a tiered expense structure to replace uniform expense limits set by regulators. Smaller insurers are advocating for higher allowable expenses on initial premium bases to facilitate growth. These discussions follow the regulator's proposal to limit the expenses of management for life and general insurers. Industry executives believe a tiered structure can promote competition among insurers of different sizes.

HDFC Bank names ICICI veteran Anup Bagchi as MD & CEO
HDFC Bank new CEO: The Bank has appointed Anup Bagchi as its new Managing Director and CEO, effective October 27. He will succeed Sashidhar Jagdishan, whose term ends on October 26. Bagchi has a long history with ICICI Bank, serving in various roles for over three decades. The Reserve Bank of India approved his appointment following an assessment and feedback. Bagchi's experience includes leadership roles in banking, insurance, and financial services.

SBI Mutual Fund’s stake in Swiggy crosses 5% as asset manager picks up shares worth Rs 300 crore
SBI Mutual Fund bought the shares at around Rs 253-254 apiece on September 29, taking its holding in Swiggy from 4.7% to 5.1%.

AMC stocks face rough waters; Kotak sees selective opportunities in SBI, HDFC AMC
Indian asset management companies are experiencing steady retail inflows, notably through Systematic Investment Plans. Kotak Institutional Equities suggests that future growth is closely tied to market recovery and continuous fund performance. Smaller AMCs are becoming more popular, whereas larger firms are pressured to deliver consistent results. For significant AMCs like SBI Funds Management, stable performance is crucial for sustaining profit growth.

Where to invest after an asset bubble bursts? Nilesh Shah of Kotak makes the case for public markets
Kotak AMC’s Nilesh Shah says public markets can offer opportunities after asset bubbles burst, as distressed valuations emerge. Multiples’ Renuka Ramnath highlights private markets’ greater control, while both stress diversification, liquidity and risk management across investment portfolios.

Astana International Financial Centre explores to partner with India's GIFT City
Astana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnership aims to enhance financial services and investment opportunities between Kazakhstan and India. AIFC has established itself as a leading financial hub in Central Asia since its launch in 2018. Initiatives from AIFC include developments in sustainable finance and digital assets.

Just SIP, don't gulp or be thirsty
Investors are often encouraged to maintain their investments without reacting to market changes. However, substantial evidence suggests that pausing contributions under certain conditions can be prudent. Historical findings indicate that investors who blindly follow strategies may suffer significant losses.

LIC Mutual Fund announces appointment of Ashis Kumar as Managing Director and CEO
LIC Mutual Fund Asset Management has appointed Ashis Kumar as Managing Director and CEO, effective September 26. Kumar brings over three decades of experience across investments, operations, distribution and marketing, having previously served as COO and held senior leadership roles at LIC.

Trump Jr.-backed Unusual Machines, US asset manager invest $10 million in Canada's Draganfly
The Trump family's investments in several companies have drawn scrutiny amid concerns about potential conflicts of interest, particularly its stakes in defense firms that regularly compete for government contracts.

HDFC Mutual Fund announces reopening of HDFC BSE REITS and Commercial Real Estate Index Fund for ongoing subscription
HDFC Mutual Fund has reopened its HDFC BSE REITS and Commercial Real Estate Index Fund after its September 15–17 NFO period. The passive fund tracks the BSE REITs and Commercial Real Estate Index, offering diversified exposure to listed REITs and commercial real estate companies.

Ace investor Madhu Kela owns 8.99% in Sunil Singhania-led Abakkus AMC’s holding company, DRHP shows
Ace investor Madhuri Madhusudan Kela holds an 8.99% share of the total capital contribution in Abakkus Expert Professionals LLP, the holding company and promoter of Abakkus Asset Manager. The Sunil Singhania-led asset manager has filed its DRHP with Sebi for an IPO comprising an offer for sale of 15 million shares.

ETMarkets PMS Talk | The biggest de-rating warning? When market expectations outrun business reality: Swati Khemani
Swati Khemani, Founder & CEO of Carnelian Asset Management & Advisors, believes de-rating is the “other side of alpha” and one of the most underappreciated risks in equity investing. She argues that the biggest warning sign emerges when market expectations begin to move faster than the underlying business, leaving little room for positive surprises.

Elevate Campuses raises Rs 945 crore from anchor investors
Mumbai's Elevate Campuses has completed a remarkable ₹945 crore fundraising round, attracting an array of anchor investors, including the prominent State Bank of India Mutual Fund. The initiative drew participation from 20 firms globally, with significant contributors like Norges from Norway. The full subscription of the anchor investors' segment showcases an increasing enthusiasm for the education sector among financial entities.
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