Stock returns

Investment in equity MFs surge 5-fold to Rs 94,151 crore in June quarter, total AUM jumps 59%: AMFI data 

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Investment in equity MFs surge 5-fold to Rs 94,151 crore in June quarter, total AUM jumps 59%: AMFI data 

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

Aditya Birla Capital may rally up to 30% ahead of MF arm IPO

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Aditya Birla Capital may rally up to 30% ahead of MF arm IPO

Aditya Birla Sun Life AMC is likely to be valued at over Rs 24,000 crore in the IPO, according to analyst estimates. Synopsis The share sale in Aditya Birla Sun Life Asset Management Company will unlock value in the financial services company belonging to the Aditya Birla Group, boosting its valuations. MUMBAI: Shares of Aditya … Read more