Swiggy Delivery Partners Go Beyond Earnings: Mutual Fund Access Made Simple

• Delivery partners can save a part of their earnings with investments into mutual funds
• Starting from Rs. 100

Swiggy (Swiggy Ltd, NSE: SWIGGY / BSE: 544285), India’s pioneering on-demand convenience platform, along with Zerodha Fund House announced the launch of a unique programme for its delivery partners across the country. The initiative is aimed at enabling the delivery partners to save a part of their earnings with investments into mutual funds, through the Swiggy rider app. Delivery partners can start their journey with Rs. 100.

This is an extension of Swiggy’s commitment to empowering its delivery partners, going beyond earnings to help partners build financial discipline for themselves and their families, by investing in the schemes of Zerodha Fund House. Riders may choose to invest for emergencies or for long-term needs (like new two- wheeler, school fees, family goals). The investment can be done as per their convenience and there is no lock-in period,

The delivery partners may begin their investment journey from the Swiggy Rider App, the journey is seamless, completely digital and easy to understand. The investment is done directly in the Schemes of Zerodha Fund House and the delivery partners can manage investments directly via Zerodha Fund House’s WhatsApp channel.

Speaking on the launch, Saurav Goyal, Senior Vice President- Driver and Delivery Org, Swiggy said, “Our delivery partners are integral to the communities we serve, and we strive to positively influence their lives through initiatives that promote their safety, well-being, and long-term empowerment. With this partnership with Zerodha Fund House, we are making it easier for our delivery partners to invest their earnings and in turn, become financially independent as well as invest for their future. This is another step towards giving every partner access to financial tools that are designed for them.”

Added Vishal Jain, CEO, Zerodha Fund House “This is another example of how technology can make investing simple and accessible. For millions of gig workers, building long-term savings can be difficult when incomes are earned and spent in short cycles. A Swiggy delivery partner can now save a part of their weekly earnings into a mutual fund in a few taps and withdraw it whenever they need. And that first step, however small, is the beginning of a better financial life."

About Swiggy

Swiggy is India’s pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by over 6.1 lakh delivery partners. With an extensive footprint in food delivery, Swiggy Food collaborates with over 2.7 lakh restaurants across 720+ cities. Instamart, its quick commerce platform operating in 129 cities, delivers groceries and other essentials across 20+ categories. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its multi-service app as well as creating standalone offerings like Toing and Crew for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country’s only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users.

For more details, please visit our website: www.swiggy.com/corporate/

About Zerodha Fund House

Zerodha Fund House is an asset management company launched in 2023, a joint venture between Zerodha Broking (Zerodha) and CASE Platforms (smallcase). Zerodha Fund House offers simple and transparent index funds and ETFs to enable a new generation of investors to access the capital markets. Learn more at https://www.zerodhafundhouse.com/

Disclaimer: This is not investment advice or buy or sell recommendation. Readers should do their own research and analysis or consult an investment adviser/s before investing in schemes of mutual funds. Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

India’s Mutual Fund AUM to Cross ₹300 Lakh Crore by 2035, Equity Holdings at ₹250 Lakh Crore: Bain–Groww Report

India’s mutual fund AUM is projected to surpass INR 300 lakh crore by 2035, with direct equity holdings expected to reach INR 250 lakh crore over the same period, signalling a major shift in the country’s investment landscape. These findings are part of the How India Invests 2025 report released today by Bain & Company in partnership with Groww.

The mutual fund ecosystem continues to deepen and expand, with the next wave of growth driven by increasing household adoption, strong digital enablement, supportive regulation and growing investor trust. According to the report, mutual fund penetration across Indian households is expected to double from 10% to 20% over the next decade. The next phase of industry growth will come primarily from mass and mass-affluent households beyond the top 30 cities. Increased adoption among affluent investors across the next 70 cities will further accelerate this expansion. The share of long-term holdings is also rising; over-five-year holdings in industry AUM have doubled from 7% to 16%, and over-five-year SIP holdings have increased from 12% to 21%, reflecting growing investor trust and confidence.

Saurabh Trehan, Partner & Head of Bain & Company’s Financial Services practice in India, said, “Indian households are steadily shifting from a traditional savings mindset to a more investment-oriented approach, with mutual funds and direct equities emerging as the fastest-growing asset classes in recent years. As more households, especially young and first-time investors and those beyond the top 30 cities embrace market-linked products and longer holding periods, we’re seeing the emergence of a deeper and more resilient domestic investor base. With SIP inflows and long-term holdings rising sharply, this evolution will be central to how India finances its growth in the years ahead.”

The expected growth in equity participation, on the other hand, can be attributed to the shift from speculative trading to long-term investing, in addition to continued digitally driven penetration and strong market performance. Approximately 9 crore incremental retail investors are expected from Gen Z and millennials, led by higher digital adoption and growing financial literacy.

Smaller Cities and First-Time Investors Are Shaping the Next Phase of Growth

The report highlights a broad-based democratisation of investing in India, with rising participation from younger investors, women, and households beyond the major metros.

India’s investor demographics are shifting rapidly, with new generation of participants entering the market and likely to contribute to the market growth. Mutual fund folios have grown 2.5x in the past five years, yet individual gross flows have increased by just 7%, underscoring the entry of a large cohort of new investors with smaller ticket sizes. Average monthly SIP inflows have risen at an estimated 25% CAGR over the last decade, driven largely by 18 to 34-year-olds, a demographic which is increasingly shaping the direction of domestic capital markets. Younger investors under 30 now represent 40% of NSE-registered investors, compared with 23% in FY19, underscoring the generational shift driving India’s capital markets.

Another key trend highlighted in the report is rising participation from smaller urban centers Today, 55%-60% of new SIP registrations originate from B30 cities, demonstrating that India’s investment ecosystem is broadening beyond major metros. Cities beyond the top 110 contributed 19% of mutual fund AUM in FY25, up from 10% in FY19. Women’s participation is also rising steadily with salience of women investors rising to 25% in FY24 vs 20% in FY19.

Digital Platforms Are Reshaping Investor Behaviour

Digital platforms have emerged as the fastest-growing channel for retail investing over the last five years, with approximately 80% of equity investors and 35% of mutual fund investors being onboarded through these platforms.

Gen Z now makes up approximately 45% of the investor base and continues to grow, with salaried individuals forming the dominant occupational segment. The reach of digital platforms is no longer confined to major metros with Tier-2+ city investors making up nearly half of all digital platform users further demonstrating the increasingly broad-based reach of digital investment channels across India.

"We are witnessing a definitive structural shift in Indians—moving from a savings-first to an investing-first mindset. The government’s push on digital infrastructure, combined with progressive regulatory measures, has democratized access and fostered deep trust in the ecosystem. A diverse, resilient investor base is emerging from Tier 2+ cities and younger demographics, who are strengthening India’s capital markets from within.”, said Harsh Jain, co-founder and COO, Groww.

Retail Investing as a Key Enabler of India’s Journey to a $10+ Trillion Economy

Retail investing is set to play a pivotal role in India’s journey toward a $10+ trillion economy, contributing across capital access, wealth creation, and employment.

One of the most important contributions of retail investing is improved access to capital. Higher participation provides deeper liquidity in capital markets, enabling more primary issuances particularly for micro, small, and medium-sized enterprises. Reflecting this trend, annual SME IPO proceeds have risen sharply from around INR 1,800 crore in FY19 to nearly INR 6,000 crore in FY24, significantly expanding the availability of growth capital.

At the same time, greater financial awareness and digital access are democratizing wealth creation, helping diverse demographics shift from traditional deposits toward higher-return market-linked products. This shift is particularly important for improving financial independence among women and enabling younger investors to build long-term wealth.

Retail investing is poised to create more than 7 lakh new jobs, both within the financial ecosystem and across businesses gaining access to growth capital. The growing prominence of domestic mutual funds and rising retail inflows is also reinforcing the resilience of India’s capital markets, acting as a counterweight to foreign portfolio outflows and enabling faster recoveries during periods of volatility.

“India is entering a new era of retail investing, one that is poised to play a pivotal role in the country’s economic development. By expanding access to capital, broadening wealth creation, unlocking new job opportunities, and strengthening the resilience of India’s capital markets, retail investors are reshaping the flow of capital in meaningful ways. Just as importantly, steady domestic inflows are giving India’s capital markets a level of resilience we haven’t seen before, helping them to absorb volatility and recover faster.”, said Rakesh Pozhath, Partner and a leading member of Bain & Company’s Financial Services practice in India.

As participation deepens across demographics, generations, and geographies, India’s investment landscape is entering a more inclusive, resilient, and mature phase. These shifts from longer holding periods to a sustained SIP culture and wider adoption across the country mark a fundamental turning point in how India builds long-term wealth and capital market strength for the decade ahead.

What Are The Benefits Of Investing In Mid-Cap Mutual Funds?

When you think about building wealth, there are many paths you can take. From traditional savings to modern market-linked products, the choices often seem endless. Each option carries its potential, and as an investor, you are always looking for ways that balance safety with growth. Selecting the right investment depends on your financial goals, your comfort with risk, and the time you are willing to stay invested.

Over time, mid-cap mutual funds have become a preferred option for many individuals who want steady growth without taking on extreme volatility. Suppose you are considering a mutual fund investment. In that case, these funds stand out because they combine growth opportunities with a moderate level of risk, making them a valuable addition to a portfolio.

Understanding mid-cap mutual funds

Mid-cap mutual funds focus on companies that fall between the large-cap and small-cap segments based on their market value. These companies are not as established as large-cap firms, but they are more stable compared to small-cap businesses. For an investor, this means the chance to participate in companies that are still growing but already have a reasonable track record.

Why investors consider mid-cap mutual funds

When you choose to invest in mid-cap mutual funds, you gain access to several advantages that can strengthen your overall portfolio. Some of the most important benefits include:

1. Potential for growth

One of the biggest reasons people consider mid-cap mutual funds is their potential for growth. Mid-sized companies often expand their operations and enter new markets more actively than larger firms. This can translate into higher returns over the long-term. While they may not match the stability of large-cap companies, they can outperform them during favourable market conditions.

For anyone looking at mutual fund investment as a way to grow wealth steadily, mid-caps strike a balance between ambition and security.

2. Better diversification

Another key benefit of choosing mid-cap mutual funds is diversification. These funds allocate money across several mid-sized companies operating in diverse sectors. This reduces the risk of being too dependent on the performance of a single company or sector.

For you as an investor, this approach ensures that better results in one area can offset the impact of underperformance in another.

3. Balancing risk and reward

When it comes to risk, mid-cap companies usually sit between the relatively safe large-caps and the more volatile small-caps. This makes mid-cap mutual funds suitable for investors who want to take some risk but not go too far with it.

They can experience short-term ups and downs, but over time, the returns can be rewarding. This balance makes them a popular choice for investors looking to build a well-diversified mutual fund investment plan.

4. Long-term wealth creation

Mid-cap companies often evolve into tomorrow's large-cap leaders. By investing in them early, you can benefit from their journey of growth. This long-term potential makes mid-cap mutual funds a smart option for investors who are patient and willing to stay invested for several years. With discipline and consistency, such funds can play a meaningful role in building wealth over time.

5. Professional management

Another advantage is that experienced professionals manage these funds. They study market trends, company performance, and economic conditions to make informed decisions. For investors who may not have the time or expertise to track individual stocks, this professional approach to mutual fund investment adds an extra layer of confidence.

6. Accessibility and flexibility

Like other mutual funds, mid-cap mutual funds are easy to access. Investors can begin with modest contributions through Systematic Investment Plan (SIPs) or choose to invest larger sums at once. This flexibility allows you to start at your comfort level and increase your investment gradually. It also makes them suitable for both beginners and experienced investors.

7. Tax efficiency

Investments in mid-cap mutual funds also provide certain tax benefits, depending on how long you stay invested. The tax treatment for long-term gains differs from short-term gains, motivating investors to stay invested for an extended period. This aligns well with the overall nature of mid-cap investing, which works best when you give it time to deliver results.

Who should invest in mid-cap mutual funds?

For investors with medium risk tolerance and a long-term outlook, mid-cap mutual funds can be a suitable option. They suit investors seeking more growth than large-caps but with less risk than small-caps. As part of your overall mutual fund investment plan, they help strike a balance between opportunity and stability, making them a practical fit for many portfolios.

Choosing the right investment is always about aligning with your financial goals. Mid-cap mutual funds bring together growth potential, diversification, and manageable risk, which is why they appeal to many investors. Online investment platforms like Ventura offer a simple way to begin, with tools and guidance to help you take confident steps towards long-term wealth creation.

Invest from ₹500: Jio BlackRock Aims to Revolutionize Indian Mutual Funds

In a bold move poised to reshape India’s mutual fund landscape, Jio BlackRock Asset Management is preparing to launch nearly a dozen equity and debt funds by the end of 2025,said a report by news agency Reuters.

The joint venture between Mukesh Ambani-backed Jio Financial Services and global investment giant BlackRock aims to democratize investing by offering small-ticket, low-cost funds directly to consumers—bypassing traditional distributors.
The firm’s strategy hinges on leveraging Jio’s vast digital ecosystem and BlackRock’s institutional-grade investment platform, Aladdin.

By distributing funds through Jio’s digital platforms such as MyJio and Jio Finance, the asset manager intends to eliminate intermediary costs and pass on the savings to investors. “India’s mutual fund industry is ripe for disruption,” said said the Reuters report citing a person familiar with the strategy. “Jio BlackRock is betting on scale, technology, and affordability to bring millions of new investors into the fold.”

A Digital-First Approach to Investing

Jio BlackRock has already launched three debt mutual fund schemes—Liquid, Money Market, and Overnight—raising over ₹17,800 crore ($2.1 billion) from 90 institutional and 67,000 retail investors. The firm has now applied to the Securities and Exchange Board of India (SEBI) to launch eight additional funds, expanding its product suite to include both active and passive equity and debt offerings.

What sets these funds apart is their accessibility: investors can start with as little as ₹500 (approximately $5.83), a move designed to attract first-time and underserved investors across India.

The Aladdin Advantage

At the heart of Jio BlackRock’s offering is Aladdin, BlackRock’s proprietary investment management platform. Used globally to manage over $20 trillion in assets, Aladdin brings advanced risk analytics, portfolio optimization, and real-time monitoring to the Indian retail market for the first time.
“Retail investors in India have never had access to this level of institutional-grade technology,” said another source of the report. “It’s a game-changer in terms of transparency and performance.”

Challenging the Status Quo

India’s ₹72.2 trillion ($844 billion) mutual fund industry has traditionally relied on third-party distributors and commission-based models. Jio BlackRock’s direct-to-consumer approach threatens to upend this structure by offering lower expense ratios—potentially undercutting competitors by 0.5–0.6%.

This move could pressure legacy players to digitize and reduce fees, while also challenging the role of intermediaries in fund distribution.

A Broader Vision for Financial Inclusion

With over 475 million telecom subscribers and 8 million financial services users, Jio’s digital reach provides a powerful launchpad for financial inclusion. The venture aligns with broader national goals of expanding retail participation in capital markets and improving financial literacy.

“The overwhelming response to our first NFO is a strong endorsement of our digital-first approach and innovative investment philosophy,” said Sid Swaminathan, CEO of Jio BlackRock Asset Management.

What’s Next?

As Jio BlackRock prepares to roll out its next wave of funds, the industry will be watching closely. If successful, the venture could redefine how mutual funds are distributed, priced, and consumed in India—setting a new benchmark for accessibility and innovation in financial services.

Key Highlights

• Joint venture between Jio Financial Services and BlackRock
• Targeting small-ticket investors with ₹500 minimum investment
• Bypassing traditional distributors to reduce costs
• Leveraging Jio’s digital platforms and BlackRock’s Aladdin
• Filed for 8 new funds after raising $2.1B from initial 3
• Potential to disrupt India’s ₹72.2 trillion mutual fund industry

67% Indians Consider Themselves Retirement Ready: Survey

An increasing number of Indians believe they are retirement ready, up from 49% in 2020 to 67% in 2023 – PGIM India MF Retirement Survey 2023

‘Retirement’ is climbing the ladder in financial priority for Indians, reaching 6th position in 2023 from 8th in the 2020 survey.

Earlier, retirement was largely associated with fulfilling obligations for family. Over the years, it’s definition has transcended to seeking self-worth and self-identity – nurturing their inner self by taking care of themselves and exploring their interests. Today, Indians are seeking control over their finances without compromising their aspirations, reveals PGIM India Retirement Readiness Survey 2023.

Two important facets related to money that the pandemic seems to have had an impact on are:

A positive facet:

Money is perceived as a ‘safety net’ towards unexpected/expected exigencies; ‘an enabler’ – to fulfil one’s commitments towards their family and a ‘signifier of being competent’- seeking social respect and pride. Post pandemic, it has evolved to newer dimensions of ‘seeking freedom’ – i.e., executing responsibilities without having to compromise ones’ lifestyle and aspirations’ e.g., having a bigger house, quality education for children to upgrading their lifestyle through fashion, tech, décor choices, vacations, etc.

A negative facet:

‘Making and managing’ money has a direct impact on their ability to fulfill their commitments and responsibilities. In the negative facet, if one is unable to manage their money well, due to lack of expertise or inability/delayed adoption to the growing financial digital world – it can lead to social embarrassment, low self-esteem and/or a sense of lack of control, leading to building up of debt and liabilities.

PGIM India Mutual Fund, a wholly owned business of PGIM, the global investment management business of Prudential Financial, Inc. U.S., recommissioned NIQ, the leaders in global measurement, to conduct another round of Retirement Readiness Survey with 3009 Indian participants, residing across 9 metro and 6 non-metro cities, to gauge attitudes and behaviours towards their overall financial planning, especially planning for their retirement. This also aided the fact that the findings could be compared in the light of the impact of the pandemic on one’s behavioural, attitudinal, and financial aspects of dealing with money.

Key findings from the survey:

Income allocation to loans and liabilities increases with increase in personal income. Indians are allocating 59% of their money to household expenses and a good 18% to paying off loans, a bit more than 2020 survey findings.

There has been a conscious effort towards building human capital, where 5% of income is allocated towards skill development or education loans.

48% respondents reported that pandemic has led to changes in their attitude, behaviour, and planning finances - Indians have become more financially conscious, planned and disciplined.

With lower income, there’s a higher focus on generating more returns & being financially secure. As income increases, other facets like reaching a higher position in the current workplace and developing a passive income source takes precedence.

Identity’ & ‘Self Worth’ are no longer just limited to fulfilment of roles & responsibilities but is also taking care of & knowing oneself.

Post pandemic, Indians have started putting more emphasis on long-term commitments like medical emergencies and retirement planning, in addition to family security.

Worry about ‘lack of an alternate source of income’, related to managing finances post pandemic showed a significant jump from 8% in 2020 to 38% in 2023.

Post pandemic, ‘Inflation’ and ‘Economic Slowdown’ came on the top list of worries related to managing finances post-retirement - it doubled compared to 2020 survey, indicating the impact of recent macro-economic challenges.

Encouragingly, 67% of Indians say they are ready for retirement, which has emotional benefits overall, leaving them having a positive outlook about work and life. Those who planned for their retirement generally started it around 33 years of age & those who haven’t, intend to start in their 50s.

From 10% in 2020 to 23% in 2023, the preference towards Mutual Funds show more traction over direct Equity/Shares and Exchange Traded Funds (ETFs). That said, Indian investors still prefer fixed income instruments and insurance.

With changing lifestyle and macro-economic conditions, Indians think they require 10-12 times of their annual income to build their retirement corpus, up from 8-9 times in the 2020 survey.

Contrary to what we saw in the pre-Pandemic era in the 2020 survey, Indians have now started associating financial security with independence—staying in joint family units no longer fosters a greater sense of financial security. Only 70% respondents (2023) compared to 89% in 2020 survey reported they feel financially secure staying in joint families.

Having an alternate source of income significantly increases the sense of preparedness for retirement. Of 36% respondents who have an alternate income source, 42% get an extra income from investing in financial assets.

Indians seem to need a bit more handholding and support to efficiently plan for retirement, investing in insurance and seeking advice from insurance agents is considered being financially secure or planned for retirement. Around 2/3rd of respondents who took financial advice took it from insurance agents and a small percentage from Registered Investment Advisors.

Sharing workload on managing money is the most valued aspect about advisors, by those who seek financial advice. However, today only 10% of those who have a retirement plan, seek proper financial planning services from a Registered Investment Advisor and only 16% of those who have a written plan, have vetted their plan with a Registered Investment advisor.

Even though the loyalty of over 55% individuals to their organizations has grown, a significant majority, about one third experience financial anxiety. Out of which around 2/3rd believe it negatively impacts their productivity for at least half of the day.

Organizations can impact successful retirement planning and ensure financial wellness among their employees, thereby reaping benefits of increased employee loyalty and productivity. 1 in 2 respondents felt that their loyalty towards their employer would increase if the employer drives or facilitates their retirement/financial planning.

Mr. Ajit Menon, CEO, PGIM India Mutual Fund, said, “We saw a visible attitudinal and a behavioural shift overall, where the pandemic seems to have impacted certain significant aspects. The emphasis on ‘self-Identity’, ‘Self-Care” & ‘Self-Worth’ have emerged as more important than ever alongside fulfilling roles and responsibilities towards one’s family."

Dr. Sagneet Kaur, SVP, Behavior Finance & Consumer Insights, PGIM India Mutual Fund, said, “Overall, the rise of retirement planning among Indians is a positive trend that reflects a growing awareness of the importance of financial planning for long-term financial security. This trend will gain momentum if we truly understand and build products to nudge investors overcome their behavioural biases while investing for long term - as biases can tempt even the most discerning investor to abandon their well-established long-term strategies for the pull of immediate gratification driven by short-term emotions and desires.”

Important Disclosures: PGIM India Mutual Fund appointed NIQ for conducting a survey among 3009 Indian adults aged between 26-60 years (26-40: 19%, 41-50: 38%, 51-60: 43%) inclusive of both Men (80%) and Women (20%) belonging to *NCCS A/B (72%:28%) covering Salaried (54%), Businessman/ Self-employed professionals (46%). The survey was conducted in 15 cities (Metros: 60%, Tier 1: 40%) across India. Data was collected using Face to Face interviews. The survey was fielded between Sep 2022 – Dec 2022. The margin of error for this study is +/- 3%. The survey holds data from the earlier PGIM report conducted in 2020 as well.

2020 Prudential Financial, Inc. (PFI) and its related entities. PGIM, the PGIM logo, and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. *NCCS refers to the New Consumer Classification System developed by the Market Research Society of India (MRSI) and Media Research Users Council (MRUC) to categorize households based on the level of education of the main wage earner and the number of consumer durables owned by the household. Mutual fund investments are subject to market risks, read all scheme-related documents carefully.

About PGIM India Mutual Fund

PGIM India Mutual Fund is a wholly owned business of PGIM, the global investment management business of the US based Prudential Financial, Inc. (PFI). PGIM India Asset Management is the full-service investment manager of PGIM India Mutual Fund, offering a broad range of equity and fixed income solutions to retail and institutional investors throughout the country. We manage 19 open-ended funds operated by 16 investment professionals. In addition to managing our investors assets through domestic Mutual Funds, we also offer Offshore Funds and Portfolio Management Services. The fund house leverages the strength and stability of PGIM’s 145-year legacy to build on its decade long history in India. Headquartered in Mumbai, PGIM India Mutual Fund has a presence in 27 cities across the country including branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Pune. PGIM India Mutual Fund brings a rich blend of global resources, intellectual acumen and local investment expertise and is committed to designing superior and meaningful, wealth-building solutions for our investors. PGIM India provides unique training and educational programs for building exceptional capabilities and best business practices for its business associates. For more information, please visit www.pgimindiamf.com

About PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.2 trillion in assets under management as of March 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, private credit and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

CRED in Talks To Acquire Kuvera

Kunal Shah promoted CRED is reportedly in talks to acquire Kuvera, an online investment platform operated by Bengaluru headquartered Arevuk Advisory Services Pvt. Ltd.

Kuvera is an Indian online wealth management platform for mutual funds, digital gold, fixed deposits, cryptocurrency exchange, insurance and US ETF investment. The probable acquisition is a sign of CRED's growing interest in the lucrative category of stock investments and mutual funds.

The detailed discussions are ongoing and an acquisition deal could finalize within weeks, the source said, requesting anonymity as the details are private.

CRED, valued at over $6 billion, is expanding its offering other than credit cards & loans payment. The Indian mutual fund market is one of the largest and fastest-growing in the world.

In ongoing funding winter and layoffs among startups, Mutual Funds and Investment platforms has emerged as one of the lucrative investment choices of investors and VCs. Mutual funds and robust equity markets have given Indian savers a good foundation for financial products

Of late, investment platforms like Jiraaf, Stable Money and Volt Money have successfully raised money with Mutual Funds as one of their offerings.

Cred offers different products including Cred RentPay, Cred Cash, Cred Pay, Cred Store, and Cred Travel Store, etc. In August 2021, Cred launched a Peer to Peer (P2P) lending feature known as Cred Mint that aims to monetise through its 7.5 million users.

Founded in 2016, by Gaurav Rastogi — ex-portfolio manager at Morgan Stanley, and Neelabh Sanyal — former vice-president with Axis Capital, Kuvera has raised about $10 million to date from number of angel investors and also from Eight Roads Fintech Strategic Investments, the investment arm of Fidelity International.

Mirae Asset Great Consumer Fund Completes 10 Years

Business Wire India
Mirae Asset Investment Managers India, one of the fastest-growing mutual fund houses in the country, announced the completion of ten years of the ‘Mirae Asset Great Consumer Fund’ (the Fund), on March 29^th, 2021.
 
Key Highlights:

 

• The fund’s AUM has increased to Rs 1,140.20 crore as on 28^th February 2021.
• The number of folios in the scheme is 47,747 as on 28^th February 2021.
• The fund aims to capture growth from a broad range of sectors that will benefit directly or indirectly from increased consumption led demand in India.
• Consumer is a theme which has tremendous growth potential and includes businesses in FMCG, Autos, Realty, Healthcare, Education, Media & Entertainment, Banks & Financial Services, Telecom, Transportation, Tourism & Hospitality and E-commerce.
• Portfolio will comprise of growth companies which has strong return ratio (ROE) and possess sustainable competitive advantage.
• Portfolio will comprise 35-40 stocks (+/-5 stocks).

 
Speaking about this milestone, Mr. Swarup Mohanty, CEO, Mirae Asset Investment Managers India said, “The Indian consumption story is as compelling today as it was ten years ago when the “Mirae Asset Great Consumer Fund” was launched. India remains a young country with dreams and aspirations, and that gives the segment, a growth driver for the economy, significant headroom for future growth, as India continues its march to becoming a USD 5-trillion economy. We are committed to continue our endeavor to provide optimum returns for our investors in this fund by staying focused on our core values of investing in quality, growth-oriented businesses, team-based approach to investing that seeks to execute the best ideas and last but not the least, discipline.”
 
"India consumption theme continues to be a fascinating theme with multi-decade opportunity driven by favorable demographic dividend. With India crossing $2000 per capita income, is at an inflection point which should result in significant growth in private final consumption expenditure growth over next decade. Last 10-year track record for the fund is a testament to our investment philosophy which is to invest in quality growth businesses at a reasonable price through bottom up stock selection," said Mr. Ankit Jain, Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd.

For more information on the product, product labelling and risk-o-meter, Visit Website

Source: Internal 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.