HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more
HDFC Securities, a leading broking firm and subsidiary of HDFC Bank, has announced that its Total Asset Under Management (AUM) for mutual funds has surpassed the Rs 25,000 crore mark. This significant milestone is a testament to the company’s commitment to helping customers achieve their long-term financial goals through disciplined investing and consistent savings, according … Read more
Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors, a day before its initial share-sale opening for public subscription. Marquee investors who participated in the anchor book included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General and SBI … Read more
HDFC Mutual Fund has said that it will halt accepting new registrations for systematic investment plans (SIPs) in HDFC Defence Fund starting from July 22. It said that any SIPs or transactions registered before July 22nd will be processed as per usual. Although SIPs registered before the effective date will proceed as scheduled, investments made … Read more
Jun 23, 2024, 02:20:38 PM IST Around four mutual fund houses had cash allocations of more than Rs 10,000 crore in their portfolio as of May 2024. Here is the break-up, according to data from ACE MF. iStock The largest fund house had a cash allocation of Rs 27,070 crore in their portfolio as of … Read more
Santrupt Misra, a Biju Janata Dal (BJD) candidate and former HR head of Aditya Birla Group filed his nomination papers from the Cuttack Lok Sabha Seat for the 2024 Lok Sabha elections. His affidavit shows that Mistra has investments in 59 mutual fund schemes. The former HR head of Aditya Birla Group has investments in … Read more
HDFC Mutual Fund on April 22 announced the launch of HDFC Manufacturing Fund. The open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities. The new fund offer (NFO) for HDFC Manufacturing Fund commences on April 26, 2024, and … Read more
Apr 16, 2024, 06:25:52 PM IST At the end of March, the total cash holding of all equity-based mutual funds stood at Rs 1.33 lakh crore, at 4.71%. Here is the list of seven mutual funds who were sitting on over Rs 5,000 crore cash pile, according to data by ACE MF. iStock The largest … Read more
The government garnered ₹96,000 crore under the National Monetisation Pipeline in FY22, surpassing the target of ₹88,000 crore. The programme witnessed participation of some marquee investors including the Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan. “During FY22, transactions aggregating to about ₹96,000 crore of accrual or investments by central and state government … Read more
MUMBAI: Lovable Lingerie is the third-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat the performance of Page Industries, sellers of Jockey innerwear. It gained a third in about a week. But the small float and low delivery volumes is an alert against wagering on … Read more