Mutual Fund SIP: The Lok Sabha election result, where the Bharatiya Janata Party (BJP) got a slimmer majority, triggered a fresh correction in the market. On Tuesday, June 4, the day the counting took place, Sensex saw the sharpest drop in four years. During the intraday trading, the Nifty 50 declined sharply by nearly 1,900 points, … Read more
On February 15, 2024, just three months after its launch, Zerodha Fund House—a joint venture between India’s largest stockbroking firm Zerodha Broking and portfolio investing platform smallcase Technologies—attracted 100,000 investors and Rs 500 crore in assets under management (AUM). The fund house took just 40 more days to accomplish the next Rs 500 crore in … Read more
U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as … Read more
With Indian equity markets expected to be under pressure over the next 3-6 months, in line with global peers, 2023 is likely to be the year of the debt market, according to Rahul Bhuskute, chief investment officer at Bharti AXA Life Insurance. “We expect to continue with the larger debt allocations seen in FY23, in … Read more
Mumbai: Tata Capital, the flagship financial services company of the $103 billion salt-to-aviation Tata Group, is expecting to record its highest-ever profit this fiscal year, after tweaking its loan book to capitalise on rising retail demand and reducing exposure to lumpy corporate loans. Consumer loans and mortgages would top the growth as it aims to … Read more
Most mutual funds categories witnessed net outflows in August as cautious investors continued to sell their investments and held on to cash, probably to tackle the uncertain environment created by the Covid pandemic. August marked the fifth straight month of fall in inflows in the equity mutual funds, shows monthly data from Amfi. Net outflows … Read more