India’s pension fund regulator has permitted 1% of the ₹17 lakh crore assets under management to be invested in alternative investment funds. This move aims to channel domestic institutional money into private equity and venture capital, addressing a long-standing gap in the alternatives ecosystem.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also