financial sector

Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar

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Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar

Stating that financials as a sector and banks specifically offer better risk reward opportunity, Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, says given the positive regulatory environment for banks in terms of early warning, asset quality will remain strong over cycle enabling higher growth in credit and ROE, leading to better valuations. “We see … Read more

A lumpsum investment of Rs 1 lakh in this fund has given Rs 1.5 lakh in 3 years. Check investment details

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A lumpsum investment of Rs 1 lakh in this fund has given Rs 1.5 lakh in 3 years. Check investment details

SBI Balanced Advantage Fund, which is an open-ended dynamic asset allocation fund managed by SBI Mutual Fund, has successfully completed three years of existence in the market. Introduced in August 2021, the SBI Balanced Advantage Fund witnessed record-breaking collections of over Rs. 14,600 crores during its New Fund Offer. The investment objective of the scheme … Read more

Targeting 7%+ growth for next 2 decades: DEA secretary

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Targeting 7%+ growth for next 2 decades: DEA secretary

New Delhi: India isn’t looking for a short burst of accelerated economic growth but a sustained expansion rate of over 7% for at least the next two decades, which requires a whole “reimagining” of its financial sector, economic affairs secretary Ajay Seth said on Tuesday. Delivering the valedictory speech at a Confederation of Indian Industry … Read more

What to expect from Reliance’s AGM 2024? Amnish Aggarwal answers

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What to expect from Reliance’s AGM 2024? Amnish Aggarwal answers

“Now, I think what markets will be keenly watching out for in this year’s AGM is more on the announcements regarding their green energy initiatives and new energy. Because these are some of the initiatives where they have been talking about, you can say, spending a lot of money, a lot of big corporates are … Read more

Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

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Mutual Funds: Mirae to restart SIP, STP, lumpsum in Mirae Asset Large & Midcap Fund from Aug 1

Mirae Asset Investment Managers has announced the withdrawal of the existing temporary suspension on subscription through the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), switch-ins & lumpsum in Mirae Asset Large and Midcap Fund (‘the Scheme’) and enabling other facilities from August 1, 2024. The fund will resume accepting subscriptions through Systematic Investment Plans … Read more

Bank turmoil helps spur $500-billion advance in big tech stocks

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Bank turmoil helps spur 0-billion advance in big tech stocks

A miserable week for US banks has been a boon for the shares of the nation’s biggest technology companies as traders flock toward their cash-rich balance sheets amid concerns about contagion in the financial sector. More than $500 billion in market value has been added to the four biggest US tech companies this week. Microsoft … Read more