GK and monthly revision

FundsIndia raises Rs 44.6 crore through maiden secured NCD issue

FundsIndia has successfully raised Rs 44.6 crore through its first private placement of secured non-convertible debentures (NCDs), marking its debut in the corporate debt market. This initiative is significant as it aims to enhance its technology platform and expand investment offerings, catering to the growing demand for fixed-income products among affluent investors. The move reflects the evolving landscape of investment strategies amidst changing market conditions.