Motilal Oswal Financial Services Ltd (MOFSL) reported 68% year-on-year (YoY) decline in its consolidated net profit at Rs 362 crore. However, the company’s operating profit rose to Rs 554 crore, while its half-year profit for FY26 stood at Rs 1,088 crore, up 11% year-on-year. Revenue from operations fell 35% YoY to Rs 1,849 crore. Asset … Read more
Gold is often viewed as a safe haven by the majority of investors, providing a sense of security that their investment is protected in a dependable asset. Over the last two years and even the last 25 years, gold has shown superior performance compared to equities on a global scale. In a recent analysis, Nithin … Read more
Investing in midcap mutual funds can be a smart long-term move, but it requires a careful strategy—especially during periods of market volatility. Midcap companies typically sit between large, stable blue-chip firms and the fast-paced world of small-caps. While they offer higher growth potential than large-caps, they’re also more sensitive to market fluctuations, making volatility a … Read more
Tata Mutual Fund has announced the merger of Tata Quant Fund into Tata Flexi Cap Fund, scheduled to take effect on March 21, 2025. Following this merger, Tata Quant Fund will be dissolved, and its unitholders will seamlessly transition to being part of Tata Flexi Cap Fund. Investors who do not support the merger have … Read more
Mumbai: Under fire for lacking experienced individuals in leadership roles, Quant Mutual Fund, one of the fastest-growing asset managers, said it has roped in senior executives for various positions at the firm, including a chief executive officer (CEO). In a letter addressed to investors, the fund house said, “We have closed the appointment of chief … Read more
NFO alert: Franklin Templeton India has introduced the Franklin India Long Duration Fund (FILDrF), a debt fund that caters to long-term investments. This open-ended fund is suitable for investors with a time horizon exceeding three years and will mainly invest in government bonds, corporate bonds, as well as money market instruments such as treasury bills … Read more
Backing Asset Management Companies (AMC) in India with sustainable valuations, global brokerage firm Nomura has initiated coverage on HDFC AMC and Nippon Asset Management (NAM) with buy ratings and on UTI AMC with a neutral rating, predicting an upside potential of up to 21%. The target price for HDFC AMC has been set at Rs … Read more
With the new government completing 100 days at the center and the US Fed giving in to the clamor with a resounding 50 bps rate cut, retail investors in Mutual Funds (MFs) who were waiting on the sidelines for the dust to settle can look at deploying monies in their chosen asset classes basis risk … Read more
Mumbai: Non-bank finance companies, both local and global, can now start operations in Gujarat’s GIFT City. They will be allowed to offer the whole range of services — loans, exotic derivative trades, investment banking, and third-party product sales. The move by the International Financial Services Centre (IFSC), the regulator of the special economic zone, should … Read more
New Delhi: State Bank of India (SBI) on Tuesday said its board of directors has approved to divest over 8.5 per cent in UTI Trustee Company. “The executive committee of the central board of directors of State Bank of India approved the divestment of 8,510 equity shares constituting 8.51 per cent of the bank’s stake … Read more