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Abakkus Mutual Fund Surpasses Rs 5000 Crore AUM in Months With 1 Lakh Unique Investors

Abakkus Mutual Fund Surpasses Rs 5000 Crore AUM in Months With 1 Lakh Unique Investors

Abakkus Mutual Fund, led by Sunil Singhania, has crossed Rs 5,000 crore in assets under management and surpassed one lakh unique investors. Launched in December 2025, the fund house credits its fast growth to investor confidence, a disciplined research-led investment process, and an emphasis on trust and transparency—turning momentum into a major AUM milestone quickly.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Anthropic and OpenAI both court asset managers to sell enterprise AI faster

Anthropic and OpenAI both court asset managers to sell enterprise AI faster

Anthropic and OpenAI are ramping up enterprise AI ambitions by partnering with asset managers. The new joint-venture push aims to broaden distribution and accelerate sales of their business-focused AI tools. Instead of relying only on direct enterprise outreach, both firms are leveraging finance-industry relationships to reach decision-makers faster and scale adoption across corporate and institutional buyers.

Summarised by Beize from a story on TechCrunch on 4 May 2026

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Neo Alternative Asset Managers raises ₹1500 crore in first close for Infra Income Fund II

Neo Alternative Asset Managers raises ₹1500 crore in first close for Infra Income Fund II

Neo Alternative Asset Managers has hit a first close of ₹1,500 crore for its second infrastructure income fund, which targets ₹5,000 crore. The strategy focuses on de-risked infrastructure assets such as roads and renewable energy platforms to seek stable yields and capital preservation. Investor demand is buoyed by predictable cash flows and government-backed contracts.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Jio BlackRock pivots to distributors after a direct sales experiment

Jio BlackRock pivots to distributors after a direct sales experiment

Jio BlackRock Asset Management is changing its go-to-market strategy less than a year after launch. After initially selling directly and bypassing intermediaries, the JV will now distribute specialized investment funds through distributors, with plans to expand this approach to mutual fund schemes—targeting investors who prefer more guidance before committing capital.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
PPFAS Asset Management approved to sponsor pension fund under NPS by PFRDA

PPFAS Asset Management approved to sponsor pension fund under NPS by PFRDA

PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
TVS Venu Group set to buy PGIM India as regulators weigh in on deal terms

TVS Venu Group set to buy PGIM India as regulators weigh in on deal terms

TVS Venu Group has signed definitive agreements to acquire Prudential Financial’s 100% stake in PGIM India Asset Management and PGIM India Trustees. The transaction, backed by legal advisors Khaitan & Co and Shardul Amarchand Mangaldas, is awaiting regulatory approval. PGIM India manages over Rs 30,000 crore across equity, debt, and multi-asset offerings.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Wealth First gets SEBI nod to launch Lakshya AMC in Ahmedabad with ETF leaders onboard

Wealth First gets SEBI nod to launch Lakshya AMC in Ahmedabad with ETF leaders onboard

Wealth First Portfolio Managers has received SEBI approval to start its mutual fund business through a new entity, Lakshya Asset Management Company, based in Ahmedabad. Lakshya AMC plans to roll out innovative investment products, backed by senior hires from Benchmark Asset Management, widely known for pioneering ETFs in India.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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