CURRENT AFFAIRS : BANKING & FINANCE
Savart Launched ‘The Ad Astra Fund’: The World’s First Fully Automated Investment Fund
- Savart, one of India’s largest investment advisors, launched its maiden and flagship Portfolio Management Service (PMS) called, The Ad Astra Fund -World’s First Fully Automated Investment Fund, in Hyderabad, Telangana.
- On the day of its launch, The Ad Astra Fund secured investment commitments worth INR 31 crores, indicating strong initial investor interest.
- The fund has set an ambitious goal of reaching an Asset Under Management (AUM) of INR 350 crores by the end of the fiscal year 2024 (FY24).
