In this edition of Arthneeti, we explore significant developments in the financial world. Our Term of the Week highlights AUM (Assets Under Management) – a key financial metric representing the total market value of assets managed by an investment firm. Understanding AUM is crucial for evaluating a fund’s scale and efficiency.
A major focus of this issue is SEBI’s New Asset Class, a proposal by the Securities and Exchange Board of India. This initiative introduces a new investment category for high-risk, high-net-worth investors (HNI), bridging the gap between mutual funds and portfolio management services. Key aspects include a minimum investment of ₹10 lakh and increased flexibility in asset construction.
We also cover the much-anticipated Hyundai Motor India IPO. Hyundai Motor India, a leading automotive player and subsidiary of the Korea-based Hyundai Group, is set to launch its IPO from October 15 to October 17, 2024. The price band ranges from ₹1865 to ₹1960 per share, with a lot size of 7 shares. The company will be listed on October 22, 2024, and the grey market premium stands at 3.83%.
Stay tuned with Arthneeti for insights into the evolving financial landscape.
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