Hot market prompts InCred to shut multi-cap AIF, return money

July 19, 2024

InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.

More To Explore

Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%

Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT

June 20, 2025

No obstacle will remain in NSE IPO: Sebi Chairman Tuhin Kanta Pandey

Sebi Chairman Tuhin Kanta Pandey announced that the NSE IPO faces no remaining obstacles, though he refrained from providing a specific timeline. He clarified that

June 20, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003