BEL, NTPC, and RIL among top 10 stock holdings of Nippon India Mutual Fund – ​Taking Stock

BEL, NTPC, and RIL among top 10 stock holdings of Nippon India Mutual Fund – ​Taking Stock

Jun 16, 2024, 12:11:05 PM IST Nippon India Mutual Fund manages assets under management totaling Rs. 4.93 lakh crore as of May 2024 and oversees 189 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services. ETMarkets.com Nippon India MF had the … Read more

Loan facility for life insurance plans: Know procedure to borrow funds against your policy

Loan facility for life insurance plans: Know procedure to borrow funds against your policy

The Insurance Regulatory and Development Authority of India (Irdai) recently declared that all life insurance savings products should offer a policy loan feature to assist policyholders with their financial needs.  The master circular stated the facility of partial withdrawal under pension products is allowed enabling the policyholders to meet their specific financial needs for important … Read more

EMIs to pinch as State Bank hikes lending rate by 10 basis points across tenures

EMIs to pinch as State Bank hikes lending rate by 10 basis points across tenures

The State Bank of India (SBI) has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures, effective June 15. This adjustment will result in higher EMIs for borrowers with loans linked to MCLR. The hike sees the one-year MCLR rise to 8.75% from 8.65%, the overnight MCLR … Read more

ETMarkets Smart Talk: Modi 3.0 unlikely to be over-populist at the cost of compromising fiscal discipline: Amar Ambani

ETMarkets Smart Talk: Modi 3.0 unlikely to be over-populist at the cost of compromising fiscal discipline: Amar Ambani

“I don’t see any likelihood of the government getting over-populist at the cost of compromising its fiscal discipline,” says Amar Ambani, Executive Director, YES Securities. In an interview with ETMarkets, Ambani said: “I would look to buoyant sectors like realty, banking, select consumer discretionaries, telecom, and aviation for better opportunities,” Edited excerpts: Unlock Leadership Excellence … Read more

10 stock ideas to hold until Union Budget 2025 from Chola Securities – Stock Ideas

10 stock ideas to hold until Union Budget 2025 from Chola Securities – Stock Ideas

With NDA coming into power, investors now feel more comfortable as they believe in the continuity of policies and structural reform framework. Ahead of the Union Budget 2024, dometic brokerage firm Chola Securities have made recommendations for the investors for a holding period till Union Budget 2025 as they foresee ever-rising tax and non-tax revenues … Read more

India VIX jumps 40%, registers highest single-day gain in 9 years

India VIX jumps 40%, registers highest single-day gain in 9 years

Fear index India VIX witnessed its highest single-day gain in 9 years, jumping nearly 40% on intraday basis to the day’s high of 28.62. The gains were seen after counting trends showed a strong fight back by the India Alliance though BJP-led NDA still managed to cross the majority mark. India VIX had settled at … Read more

Consolidation breakout can take Nifty to 23,400: Analysts

Consolidation breakout can take Nifty to 23,400: Analysts

The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

Expect 15-18% upside in Sun Pharma over medium to long term: Hemang Jani

“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more

Credilio launches ‘novio’, aims to ensure credit card lifestyle access to all Indians

Credilio launches ‘novio’, aims to ensure credit card lifestyle access to all Indians

Fintech firm Credilio unveiled novio – an app to widen the credit card landscape for over 400 million UPI active customers. novio aims to make financial inclusion and credit card lifestyle accessible for every Indian household, the firm said in an official statement. novio has introduced a guaranteed card concept, allowing users to build their … Read more

SBI fixed deposit (FD) interest rates hiked by up to 75 bps; Check new FD rates across tenors before investing

SBI fixed deposit (FD) interest rates hiked by up to 75 bps; Check new FD rates across tenors before investing

The State Bank of India has increased its fixed deposit (FD) interest rates for some of its schemes on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore). The FD rates were tweaked in the ranges from 0.25 per cent to 0.75 per cent. The new interest rates came into … Read more