AMC & product-related updates
Invesco Mutual Fund launched two passive schemes — the Invesco India BSE Sensex Index Fund and the Invesco India Nifty Bank Index Fund. The NFOs opened on April 23 and will close on May 7, 2026. The schemes have a minimum investment of ₹100 and no exit load, and are managed by Abhisek Bahinipati.
Edelweiss Mutual Fund announced plans to expand its Altiva platform with a new equity long-short SIF focused on mid and small caps. The offer will open from May 18 to June 1.
WhiteOak Capital will remove exit loads on fresh investments in its equity and hybrid funds from April 27, while existing investments will continue under current charges.
Regulatory & policy developments
NSE has revised its SME listing framework, updating the definition of free cash flow to equity (FCFE) for applicants.
NSE has also introduced changes to the cash flow evaluation process for companies planning SME listings, requiring compliance at both approval and listing stages.
RBI will conduct a government securities auction worth ₹32,000 crore, including long-duration bonds and a sovereign green bond.
Mutual fund & distribution signals
Industry data shows that individual investors hold ₹47.38 lakh crore, accounting for 59.65% of the total mutual fund AUM of ₹79.42 lakh crore as of FY2026.
Cafemutual will host its fifth Passives Conference on May 14 in Mumbai, focusing on passive investing and recognising industry participants.
Markets & sectoral trends
Indian equity markets declined on April 23, 2026, with the Sensex falling over 800 points and the Nifty dropping nearly 1%.
The decline followed a rise in crude oil prices above $100 per barrel, along with continued uncertainty around US–Iran developments and a weaker rupee.
Bond markets saw pressure, with the 10-year yield rising to around 6.94% amid concerns related to oil prices.
Corporate actions, capital flows & business developments
Balrampur Chini approved a preferential issue of 93.15 lakh equity shares at ₹483 per share and plans to raise up to ₹450 crore, along with additional fundraising through NCDs.
Jio Financial Services will enter the insurance business through a 50:50 joint venture with Allianz.
Arihant Capital launched a Category III AIF focused on small, micro and nano-cap segments.
India’s wealth indicators continue to expand. The country ranks sixth globally in ultra-wealthy population, with projections indicating growth in the number of billionaires by 2031.
Coforge raised $550 million to fund its acquisition plans, while Amazon India announced an investment of ₹2,800 crore to expand operations.
Sovereign gold bond redemptions are ongoing as multiple tranches complete five years, with reported returns exceeding 200%.
Source: Moneycontrol, Business Standard, CNBC TV18, Financial Express, Cafemutual
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