AMC & product-related updates
Aditya Birla Sun Life AMC, Nippon India AMC and UTI AMC reported their FY26 results. While Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund saw an increase in profits, UTI Mutual Fund reported a sharp decline in profitability.
HSBC Mutual Fund has entered the SIF space under a new brand identity, RedHex. Its first offering, the RedHex Hybrid Long-Short Fund, will target high-risk investors with a minimum investment of ₹10 lakh, focusing on theme-based and risk-oriented strategies.
Bandhan AMC has added gold exposure to its equity funds after receiving regulatory approval.
Regulatory & policy developments
SEBI is likely to ease the SIF-related certification requirement for mutual fund distributors. Currently, many MFDs face challenges clearing the NISM-Series-XIII derivatives certification exam.
The Reserve Bank of India will begin tracking offshore rupee-linked derivative trades, with new reporting requirements set to take effect from July.
New Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, though its use is now limited. PAN is required for transactions such as purchasing motor vehicles above ₹5 lakh, opening demat accounts, and investing more than ₹50,000 in mutual funds.
Mutual fund & distribution signals
The rise of Specialized Investment Funds (SIFs) is beginning to create pressure within the Category III AIF space, particularly in derivative-driven strategies. While the broader segment remains stable, certain areas are facing structural challenges.
Monarch Networth Capital has raised ₹100 crore for its first PMS offering, the Monarch Wealth Creator Fund, with plans to scale assets to ₹500 crore.
The investor base on NSE continues to expand. The number of registered investors has crossed 13 crore, with total client codes reaching 25.7 crore as of April 25, 2026.
Markets & sectoral trends
Indian equity markets ended lower on April 28, 2026. The Sensex fell over 400 points and the Nifty slipped below 24,000.
The decline was led by banking stocks, along with continued concerns around crude oil prices and geopolitical developments.
India’s factory output grew 4.1% in March, driven by manufacturing and mining, though the pace slowed compared to February.
Real estate investment trends show a shift toward domestic capital. Institutional investment fell 52%, while local participation remained strong.
Corporate actions, capital flows & business developments
IPO activity remains active. EQT-backed IT firm Virtusa is exploring a potential $1 billion IPO in India.
NSE’s IPO plans are progressing, with investors such as LIC and SBI reportedly looking to sell stakes.
Maruti Suzuki announced its highest-ever dividend of ₹140 per share, with a total payout of approximately ₹4,401.6 crore.
Google plans to invest $15 billion in a Cloud and AI hub in Visakhapatnam, with potential to create up to 2 lakh jobs, according to Andhra Pradesh officials.
NHAI has reduced its debt below ₹2 lakh crore through repayments and asset monetisation.
Global deal activity continues, with Paramount seeking approval for foreign investment involving Gulf-based investors in its Warner Bros-related transaction.
PM Narendra Modi is scheduled to visit Uttar Pradesh from April 28–29 to launch infrastructure projects, including the Ganga Expressway.
Commodities & expert outlook
Brent crude oil prices rose for the sixth consecutive session, crossing $111 per barrel, reflecting continued supply concerns.
Peter McGuire, CEO of Trading.com, stated that crude oil could move toward $120–130 per barrel if geopolitical tensions persist. He also noted that a stronger dollar could continue, while gold and silver may see limited near-term momentum.
Source: Moneycontrol, Business Standard, CNBC TV18, Financial Express, Economic Times
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