Lack of an advisory ecosystem in India is the biggest impediment for the domestic mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry … Read more
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The … Read more
“So, all this put together, along with the few pointers which you just mentioned, which Ansh just mentioned that the open interest has come down by 2% in Nifty futures,” says Sudeep Shah, SBI Securities.Firstly, to understand this bounce back that we are seeing in trade today, do you expect that to sustain?Sudeep Shah: In … Read more
The investment scenario in India is changing. Recent surveys have noted the evolving financial behaviors of the 12-28 age group, known as Gen Z, as well as Millennials. A survey, The Fin One: Young Indians’ Saving Habits Outlook 2024, compiled in collaboration with Nielsen, revealed that 93% of young adults consistently save money, with many setting … Read more
As a sluggish Q2 earnings season is leading to downgrades in many stocks, Abhishek Singh, Fund Manager, DSP Mutual Fund, says the market is not factoring in the medium-term outlook yet for most of the stocks. “Markets could be justified in this stance if we see sustained improvement in the coming quarters,” he says. Edited … Read more
Anish Shah, Group CEO & MD, Mahindra Group, says what is helping the company stay ahead of the industry is a function of the products that they have tried to develop products which are not only the best in their segment but compete with maybe even a couple of segments above that. They are very … Read more
Muhurat trading is traditionally held on the evening of Diwali, symbolizing new beginnings and prosperity. Investors treat this day as an opportunity to make fresh investments, believing that trades made during this auspicious hour will yield fruitful returns throughout the year. The atmosphere is charged with optimism as traders engage in buying stocks, often driven … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says strong GDP growth is associated with a fast rise in credit. After all, growth has to be financed. Some would say it is a sign that the GDP data are being inflated. One way or the other, either we are going to have GDP data revised downwards or … Read more
After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore. There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in … Read more
There has been a buzz about investing in ETFs. I want to invest Rs 2-3 lakhs in the markets now. Should I go for stocks, ETFs or traditional mutual funds? Please guide. Samantha D., Kolkata Reply by Amar Ranu, Head – Investment Products & Insights, Anand Rathi Shares and Stock Brokers An exchange-traded fund (ETF) is … Read more