Debt mutual funds investing in long-term bonds could be among the top picks of fixed-income investors as the prospects of lower government borrowing could boost returns from such products. Here are 5 funds that could benefit from the recent Budget announcement. (Source: Value Research; Data as of January 31, 2024) Source link
Kannada University, Hampi, which has for some years been facing severe fund crunch for even paying electricity bills, salaries to guest faculty and building maintenance works, has sought ₹133 crore budgetary support from the State government during 2024-25. The State’ lone university promoting the Kannada language has been entirely dependent on the government for funds. … 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
Hackers of cryptocurrency platforms stole around $1.7 billion in 2023, around 54.3% lower than the year before, a Chainalysis report showed on Wednesday. Source link
ET Intelligence Group: If you thought D-Street has primarily an American accent, you might need to visit Mumbai again. Last year, funds based in Ireland, Norway, Luxembourg, and Japan raised their bets on India, ploughing in record funds into local risk assets.Ireland’s share in the equity assets under management (AUM) of foreign portfolio investors witnessed … Read more
In financial year 2013-14 (FY14), 23 individuals earned more than Rs 100 crore and had a combined income of Rs 29,290 crore. Cut to FY21, and the number of those earning more than Rs 100 crore increased to 136, though their combined income rose to Rs 34,301 crore, State Bank of India researchers said in … Read more
Mutual Fund systematic investment plans (SIPs) can empower retail investors in numerous ways. These instruments democratise investment opportunities, ensuring even small investors can build a substantial portfolio over time. Capital appreciation, disciplined goal-based savings, risk management, affordability, and ease of investing are pivotal elements that empower retail investors through SIPs. 1) Investing small amounts: … Read more
The Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to not make investments in any Alternative Investment Funds (AIFs) that has downstream investments either directly or indirectly in a debtor company of the bank. The notice aims to address concerns relating to possible evergreening through this route. The move is … Read more
File photo of West Bengal CM Mamata Banerjee with Prime Minister Narendra Modi. | Photo Credit: PTI West Bengal Chief Mamata Banerjee has written a letter to Prime Minister Narendra Modi urging his intervention to release funds under the National Health Mission (NHM) to the State. In her letter dated November 29, Ms. Banerjee said that … Read more
Mumbai: Bereft of the extra funds sloshing about within the financial system during the Covid pandemic, top-rated companies are now paying more to raise money through bond markets, with the pricing of issues by even the likes of Reliance Industries reflecting the divergence between sovereign and corporate debt. Over the past year-and-a-half, as the Reserve … Read more