Groww IPO: Can it win over long-term investors despite market and regulatory challenges?

Groww IPO: Can it win over long-term investors despite market and regulatory challenges?

ET Intelligence Group: Groww, the largest online investment platform by active clients on the NSE, plans to raise ₹5,572 crore through an offer for sale and ₹1,062 crore through a fresh issue that will be used to strengthen the capital base of its subsidiaries and fund cloud infrastructure and brand-building initiatives. The promoter groups’ stake…

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HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan

HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan

Shares of leading Asset Management Companies (AMCs) and capital market-linked firms came under heavy pressure on Wednesday, falling up to 10%, after the Securities and Exchange Board of India (SEBI) released a consultation paper proposing a sweeping overhaul of the mutual fund fee structure. Among the worst-hit were HDFC Asset Management Company declined by 6.4%…

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