Top 10 mutual fund houses account for 78% of total AUM. Here’s the full list – Top Contributors

Top 10 mutual fund houses account for 78% of total AUM. Here’s the full list – Top Contributors

The top 10 mutual fund houses based on the total AUM account for around 78% of the total AUM. The total AUM of the mutual fund industry was Rs 54.02 lakh crore as of January 31, 2024, according to data by ACE MF. The other 34 mutual fund houses account for 22%. Here’s the list: … Read more

If oil stays below $100, then India will remain in good shape: Jinesh Gopani

If oil stays below $100, then India will remain in good shape: Jinesh Gopani

“I think if you are looking at comparison to emerging markets, Indian market valuation is still a bit higher as compared to the other emerging markets. And hence, if you see, last 12 months we would have underperformed as a market as compared to other markets,” says Jinesh Gopani, Axis Mutual Fund. Let me start … Read more

Axis Bank | Mutual Fund | ITC | Market Movers : Axis Bank gets a shocker from its mutual fund arm; ITC sees buying

Axis Bank | Mutual Fund | ITC  | Market Movers : Axis Bank gets a shocker from its mutual fund arm; ITC sees buying

NEW DELHI: Axis Bank shares were under heavy selling pressure on Friday amid rumours of a scam in its subsidiary Axis Mutual Fund. The stock plummeted over 4 per cent on BSE. Media reports said the mutual fund arm of the lender removed Viresh Joshi, head trader and fund manager, from the fund management team … Read more

MTAR Tech raises Rs 179 crore from 15 anchor investors

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MUMBAI: Hyderabad based precision engineering solutions company MTAR Technologies has raised Rs. 180 crores from 15 anchor investors ahead of its initial public offer (OFS) which will open for subscription on Wednesday. The company has allocated 31.11 lakh shares at Rs. 575 per share on March 2, to the anchor investors. The anchor book, according … Read more

Do not change asset allocation on the basis of market movements: Axis MF

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There is a lot of value in the longer end of the curve as these situations normalise, says R Sivakumar, Head Fixed Income. Bond yields have corrected below that 6% level post RBI’s Operation Twist and the HTM limit relaxation as well. What is it that your outlook is on some of these measures and … Read more