Smallcase provides curated stock and ETF portfolios managed by research analysts and investment advisors. This allows individual investors to take a simple, diversified portfolio-based approach with the help of professionals. Vasanth Kamath, Founder and CEO of Smallcase, talks to Navneet Dubey of BT Money Today about smallcases and how it leverages its growth along with the presence … Read more
Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more
As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more
Mumbai: ICICI Prudential Mutual Fund will not accept lump sum money in its mid- and small-cap schemes from March 14, deploying flow curbs a day after Sebi chairperson Madhabi Puri Buch underscored the dangers of potential “froth” or “bubbles” in pockets of the market traditionally favoured by retail investors. Earlier, Nippon, Tata and SBI MFs … Read more
A file photo of Kupendra Reddy, who has thrown his hat into the ring for Rajya Sabha elections. | Photo Credit: MURALI KUMAR K Multi-millionaire real estate baron D. Kupendra Reddy, in the fray for the Rajya Sabha poll from BJP-JD(S) alliance, and his associates have been booked for bribery and undue influence following a complaint … Read more
Japan’s retail investors are pouring money into Indian stocks amid bets the nation will be the next China. Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, … Read more
ICICI Prudential Mutual Fund’s ICICI Prudential S&P BSE Sensex ETF, linked to the S&P BSE Sensex index, has reached the milestone of 21 years, solidifying its position as one of the largest and most longstanding ETF offerings in the market. With an AUM of Rs 4,560.71 crore (December 31, 2023), this scheme has a tracking … Read more
A pioneering study by DBS Bank India, in partnership with CRISIL—to understand how urban Indian women plan, prioritise and manage their money—has found that 98% of salaried and self-employed Indian women actively participate in long-term family decision-making. The first of three reports, titled ‘Women and Finance’, was launched today. Over 800 women were surveyed across … Read more
HDFC Flexi Cap Fund, an open-ended dynamic equity scheme investing across large-, mid- and small-cap stocks, has successfully completed 29 years of operation in 2024. Over the past 29 years, the fund has delivered a compound annual growth rate (CAGR) of 18.87%. Further, an SIP of Rs 10,000 invested since inception systematically on the first … Read more
Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore. The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more