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
IndusInd Bank has recently been in the spotlight after its stock fell to a 52-week low on March 11, 2025, (Tuesday) attributed to an accounting irregularities related to forex derivative transactions. Although the stock saw a slight recovery the following day (Wednesday – March 12), questions about the security of fixed deposits (FDs) have surfaced … Read more
Investing in mutual funds: The stock market is experiencing a significant correction, especially in the small and mid-cap segment, commonly referred to as SMIDs. Many investors who had enjoyed substantial gains in these areas were taken by surprise as prices took a sharp downturn. The BSE Small-cap and Mid-cap Indices have seen notable decreases, with … Read more
Shares of NIIT have surged 54% on the BSE since ace investor Ramesh Damani acquired a 0.59% stake in the education company through an open market transaction on Friday. The stock gained 18.51% in Tuesday’s session, reaching a fresh 52-week high of Rs 182.90. Damani’s stake, valued at Rs 10.02 crore, involved purchasing 8 lakh … Read more
Investment in equity mutual funds surged over five-fold to Rs 94,151 crore in the June 2024 quarter against Rs 18,358 crore a year ago. This has also pushed the industry’s assets under management (AUM) by 59 percent to Rs 27.68 lakh crore in June from Rs 17.43 lakh crore a year ago, data from the … Read more
Budget impact: In the Union Budget 2024, the Centre has made noteworthy adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation. Despite this change, it has been affirmed by the government that properties purchased or inherited prior to … Read more
Rakesh Rawal, CEO, Anand Rathi Wealth, says it is easier to get flows when market sentiment is backed by investor confidence. When there is a little bit of turmoil, then more efforts are needed to build confidence and the past has shown that extra efforts do not change the direction of flows. So, yes, if … Read more