The equity portfolio value of domestic funds increased by 55% year-on-year to a record ₹36.5 lakh crore at the end of April 2024. Domestic funds account for one-fifth of the total institutional equity AUM – the latter represents 44% of India’s total market capitalisation. Synopsis This was in stark contrast to their positions a decade … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday proposed to allow domestic mutual funds to invest in overseas mutual funds that invest certain portion of their assets in Indian securities. Currently, there is ambiguity regarding rules on investments in such overseas funds. This deters mutual funds from investing in those overseas mutual … 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
UPL. Share Price 475.15 03:59 PM | 15 Mar 2024 13.05(2.83%) Bharti Airtel. Share Price 1220.00 03:59 PM | 15 Mar 2024 25.41(2.13%) Bajaj Finance. Share Price 6514.35 03:59 PM | 15 Mar 2024 116.91(1.83%) HDFC Life Insurance Company. Share Price 632.35 04:03 PM | 15 Mar 2024 10.11(1.63%) Adani Enterprises. Share Price 3132.20 03:59 … Read more
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
MUMBAI: The share of women investors in mutual funds has increased from 15% in March 2017 to nearly 21% in Dec 2023, according the latest data of Amfi (Association of Mutual Funds).The overall asset under management in mutual funds crossed the Rs 50 lakh crore-mark in Feb this year as a large number of passive … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
With equities clocking stellar double-digit gains in the December quarter, the financial services sector made it to the shopping list of both foreign institutional investors and mutual funds, who pumped in more than Rs 32,000 crore in just seven stocks. Axis Bank, HDFC Bank, Bajaj Finance, and Cholamandalam Investment and Finance were the stocks that … Read more
Mumbai: Staggered equity investments through monthly plans surged to a record in December, helping draw substantial cash to mutual funds investing in risk assets through a month that saw the main index breach the 21,000 mark. Expectations of interest rates peaking out globally, political continuity after the state election results, and India’s world-leading growth credentials … Read more
Mumbai: The discontinuation of services by Morningstar Sustainalytics, an ESG rating provider, in India following tighter rules introduced by the capital markets regulator earlier this month has put the National Stock Exchange and Indian mutual funds in a spot. NSE operates two ESG indices that received data and ratings from Morningstar, while these benchmarks are … Read more