Tag Archive for fund

Axis Mutual Fund Signs Memorandum of Understanding (MoU) with NISM to Promote Financial Literacy

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Milind M. Vengurlekar, Senior VP operations along with the teachers and the students of Delhi Public School, Varanasi

Axis Asset Management Company Ltd. (An investment manager for Axis Mutual Fund) is one of the leading Asset Management Company, signs MoU with National Institute of Securities Markets (NISM), a prominent institution for teaching and training in securities market, to promote financial literacy in the country.

With reference to MoU, NISM has designed a unique ‘Financial Literacy Certification Program & Mutual Fund Investor Awareness Program’ that is targeted at high-school students (studying in Class Vlll, lX & X) to promote the habit of savings, budgeting, financial planning and investing amongst the school students. We plan to reach around 150+schools with over 25000+ students in next one year.

This MoU envisages to conduct program in schools across the country with a special focus on district adopted for financial literacy by AXIS Mutual Fund under the District Adoption Program (DAP) of AMFI covering districts like Varanasi, Alleppey, Darjeeling, Hissar and Sambalpur. The list of districts is not exhaustive and the programs can be extended to schools in any district of India on the basis of mutual agreement.  Read more

India’s Largest Community Development Fund – Rs. 100 Crores (US $ 14.7 Million) Fund Announced to Rotary Foundation

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Rotarian Dokoju Ravishankar announced the single largest community fund Rs. 100 Crores to Rotary Foundation. This endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child Health, Basic Education & Literacy and Economic & Community Development. Seen from L - R: Rtn Suresh Hari S, District Governor of RI District 3190, Mrs.Paola Ravishankar, Rotarian Dakoju Ravishankar.

In a first-of-its kind move, a single donor has come forward to announce the single largest community fund from India to Rotary Foundation at INR. 100 Crores (US $ 14.7 Million). The same was announced at the installation ceremony of Rotarian Suresh Hari as the new District Governor of Rotary International District 3190. Suresh Hari, a member of Rotary Bangalore Indiranagar Club, Vice President of CREDAI Bengaluru and Founder & Managing Partner of Vishal Promoters and Builders, Bengaluru. He was also the Past National President of Round Table India. The large fund income out of Endowment will be utilized to cover projects across six Focus Areas such as Economic & community development, Disease Prevention & Treatment, Water & Sanitation, Maternal & Child health, Basic Education & Literacy and Economic & Community Development. Read more

Godrej Fund Management enters the commercial real estate private equity space

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Godrej Fund Management (“GFM”), the real estate private equity arm of the Godrej Group, announces a first close of its US $450 million office development fund and a first close of its US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over US $1 billion in value.

With this development, the assets under management for GFM, which is also managing two existing residential investment funds, has crossed the US $1 billion mark within one year of it being spun out as a separate business.  The two new funds that have been raised are: Godrej Build to Core – I (“GBTC-I”), a US $450 million ‘club style’ office investment platform that will invest in developing world class, Grade-A office buildings in leading locations across the key office markets of India. APG Asset Management N.V. (“APG”), which has invested in previous funds managed by GFM, will be the cornerstone investor for GBTC-I. The other newly raised fund is Godrej Office Fund- I (GOF-I), a US $150 million discretionary blind pool fund that will invest in core and core-plus office and commercial properties across India. Read more

Godrej Properties and Godrej Fund Management announce a partnership for Godrej Two, a commercial building at The Trees, Mumbai

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By  Vivek K.  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Mr Pirojsha Godrej Executive Chairman Godrej Properties Ltd

Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, announced that it has diluted part of its holding in the entity which is developing Godrej Two, the under construction Grade A commercial building located at The Trees in Vikhroli, Mumbai. Godrej Properties has entered into a deal with Godrej Fund Management (GFM) for a 50% stake in Godrej Two. Read more

Randeep Hooda To Support Firefighters Fund For SFL

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bollywood actor Randeep Hooda who happens to be the co-owner of SFL team Haryana Sultans will be lending support to the Fire Fighters Welfare Fund of Maharashtra, ahead of the second season of MTV  Super Fight League. 

The actor grabbed headlines when he was appointed as the face of the city’s fire brigade in 2016 for being the very first celebrity roped in to campaign for the Mumbai Fire Brigade in 127 years.

 

Randeep Hooda states, “It’s a matter of honour to contribute constructively to these real-life heroes, who risk their lives every other day in order to save ours. I’m always doing my bit for the families of the Martyrs. This is my way of giving back to society and creating more ground level awareness for these heroes. This association will be used to promote general welfare of the fire services personnel & their families.” Read more