Mumbai: Flows into equity mutual funds in September fell 30% from the previous month on account of a drop in appetite for mid-cap and small-cap funds and outflows from large-cap schemes. Investments into funds through Systematic Investment Plans (SIPs), however, continued at a record pace as investors saw more merit in putting money into schemes … Read more
West Bengal Chief Minister Mamata Banerjee during a meeting with Lulu Group International Executive Director Ashraf Ali MA, in Dubai, UAE on September 22, 2023. | Photo Credit: PTI West Bengal Chief Minister Mamata Banerjee returned to Kolkata on September 23 evening after a 12-day tour of Spain and the UAE, and said her trip … Read more
The Tamil Nadu Cabinet, headed by Chief Minister M.K. Stalin, cleared 10 industrial projects, which will bring in ₹6,000 crore in investments. They have a potential to create 27,000 jobs. A senior official The Hindu spoke to said one of the biggest projects is from Godrej. “Godrej Consumer Products Limited will set up a plant … Read more
“We expect yesterday’s underperformers to be winners of tomorrow, i.e. IT and Pharma. The valuations are very attractive from a long-term investment perspective despite short-term risks to earnings,” says Kedar Kadam, Director – Listed Investments at Waterfield Advisors. In an interview with ETMarkets, Kadam said: “We like Capital goods, Cement, Speciality chemicals, Auto ancillaries and … Read more
On International MSME Day (June 27), several memoranda of understanding (MoU) are set to be signed to attract investments to the tune of over ₹1,723 crore in the presence of Tamil Nadu Chief Minister. In an event scheduled in Chennai on Tuesday morning, an MoU between FaMe TN (Facilitating MSMEs of Tamil Nadu) and the … Read more
MUMBAI – India’s ability to sustain an economic growth of 5-6% in an otherwise gloomy global macroeconomic outlook, can help it outperform many of its peers, says Madanagopal Ramu, head – equity at Sundaram Alternate Assets. “There is a widespread optimism with regards to India – given the growth-oriented policies, stable government, and distrust elsewhere … Read more
After a period of underperformance in the January-March quarter where Nifty50 lost nearly 4.5% or 830 points, the Indian markets turned around the corner in April with the 50-stock ending up with 3.6%. As investors look for opportunities in the equity markets, keeping a balanced portfolio is what the experts advise. A balanced portfolio strategy … Read more
With the start of the new financial year, a slew of regulatory changes will impact your investments across equity markets, mutual funds and other schemes. Here’s a guide on what changes for investors in FY24. STT hikeIn a surprise move during the Parliament session, the union government has proposed to increase Securities Transaction Tax (STT) … Read more
“So in many ways the easy environment for equity investments that we had seen over let us say from 2010 to 2020 is not really there anymore so we have to be cognisant of that fact. Yes but having said that I think now seems to be the time to start buying,” says Mahesh Nandurkar, … Read more
“It is in the interest of investors to have a diversified portfolio in terms of asset allocation. Given the 250bps interest rate hike by RBI, the appeal of fixed income investments will increase,” says S P Prabhu, Chief Investment Officer, Ageas Federal Life Insurance. In an interview with ETMarkets, Prabhu said: “The last couple of … Read more