India's InCred hits first close of $60m maiden PE fund
Launched late last year, the InCred Growth Partners Fund-I garnered capital commitments of over Rs 330 crore in the first close.
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Launched late last year, the InCred Growth Partners Fund-I garnered capital commitments of over Rs 330 crore in the first close.
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We considered equity categories such as large cap, large & mid-cap, mid cap, small cap, flexi cap, focused, contra, value-oriented, multi cap, and ELSS categories for the study. The trailing returns of the schemes were compared with their respective benchmarks in the same horizon. The trailing returns for March were calculated from March 1, 2024 to March 31, 2024.
March witnessed the launch of 17 new mutual fund offers, with a focus on Fixed Maturity Plans. Apart from FMPs, ETFs, index funds, gilt fund, and long duration fund were introduced, catering to various investor preferences.
Out of 39 ELSS schemes, one scheme gave double digit return, 37 schemes gave single-digit return and one scheme gave negative return