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Indiana Public Retirement commits $385 million
Indiana Public Retirement commits $385 million
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Indiana Public Retirement System, Indianapolis, made commitments totaling $385 million for its $34.8 billion defined benefit plan, the retirement system disclosed in an investment report included with materials for its board meeting Friday.
The system disclosed commitments of $100 million each to
352 Capital Fund, a private markets fund that seeks to structure a portfolio of consumer-oriented asset-based securities;
Hamilton Lane Equity Opportunities Fund V-A, a private equity fund that makes buyout, growth and co-investments in small and midsize companies; and private credit fund
Pathlight Capital Fund II.
INPRS previously committed $100 million to Pathlight Capital Fund I in 2019. Hamilton Lane and 352 Capital are new managers for the retirement system.
Which mutual fund schemes should you choose to invest Rs 10,000 for 5 years?
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Which mutual fund schemes should you choose to invest Rs 10,000 for 5 years?ET Online
Last Updated: Feb 23, 2021, 04:11 PM IST
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If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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I am 44-year-old, working in a bank and my gross income is Rs 70,000 per month. I have 4 SIPs of Rs 5,000 each in Axis Mid Cap Fund, Mirae Asset Large Cap Fund, Kotak Multi Cap Fund (now called Kotak Flexi Cap Fund) and DSP Equity Opportunities Fund. I want to do another SIP of Rs 10,000 for 5 years. Can you suggest the best scheme and also share your comments on my portfolio.
Ask The Expert: How to earn Rs 1.5 crore by investing Rs 7,000 per month in mutual funds?
By the time you are 60, you will be able to accumulate around Rs 1.5 crore which is equivalent to Rs 50 lakh today, if you continue to invest Rs 7,000 only
Staying invested helps one reach his/her investment goal
I have been investing Rs 7,000 per month in Franklin Flexi Cap Fund, Canara Robeco Bluechip Equity Fund and DSP Equity Opportunities Fund for the last one year. I am 32 years old. I am saving for my retirement. I have a high-risk tolerance as I believe I have time to take that risk. Kindly advise if these funds are suitable for me to achieve a target corpus of a minimum of Rs 50 lakh by the time I turn 60. Also, I want to add two tax saving or ELSS mutual funds to my portfolio. I want to invest Rs 6,000 per month in these tax saving funds. Kindly advise which are the best tax saving schemes for me which can give the highest returns
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Although investments through fund-of-funds are common in the West, especially in the Silicon Valley, it has yet to pick up pace in India
ETtech
IIFL Wealth, the wealth management arm of the diversified financial services group, will launch a Rs 750 crore fund-of-funds (FoF), that will partner tech-focused VC funds in the country to invest in their portfolio’s best performing digital companies.
The FoF, which will be raised from the company’s ultra-high-net-worth individual (UHNI) clients, will be used to help these fast-growing companies meet their next level of capital requirements, a senior company executive said.
Although investments through FoF are common in the West, especially in the Silicon Valley, it has yet to pick up pace in India. IIFL is one of the first funds to adopt this strategy to deploy capital.