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Mutual Fund
Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trusteesThe entities are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives. Also, they need to prepare and submit a report mentioning the findings and conclusions of the analysis.
Mirae Asset Mutual Fund launches Mirae Asset S&P BSE Sensex ETF. Should you invest?The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.
How did very large mutual fund schemes perform in one, three years?ETMutualFunds wanted to take a look at the performance of very large schemes to find out whether the theory holds true. We chose 21 schemes with over Rs 20,000 crore assets under management for the study.
10 fund houses with smallest AUM or assets under management
These 8 equity mutual funds offered over 30% in three yearsWe calculated daily rolling returns for a three-year period starting from September 18, 2020 to September 18, 2023. We considered equity categories such as large cap, mid cap, small cap, large & mid cap, ELSS, multi cap, flexi cap, focused fund, value and contra fund categories. We considered regular and growth options.
What is deadline for making nomination in mutual funds?Regulatory guidelines mandate investors to appoint a nominee for all their mutual fund folios or inform the respective fund house they do not wish to nominate. The folios will be frozen for debits for investors who fail to comply.
Fed keeps rates unchanged but signals likelihood of another hike this yearThe move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.
Investors adopt cautious stance; debt mutual funds log Rs 25,872 crore outflow in August"Given the current interest rate scenario and uncertainty over the direction of interest rates in the country, it appears that many investors continue to adopt a cautious stance and wait for further indication on interest rates to make investment decisions. Also, a rally in the equity markets could have also prompted investors to shift their…
New to equity mutual funds? Here is how to invest smartlyEquity mutual funds invest mostly in equity or stocks. According to Sebi, the mutual fund regulator, these schemes should invest at least 65% in stocks. They are further divided into ten categories, based on their investment universe and investment strategy, and investment style, and so on.
MF folio addition hit a record high in August on small cap boomThe small cap funds have received an inflow of Rs 26,305 crore this year so far, 28% of the total inflow and the highest among all equity fund categories. As a result, the assets under management (AUM) of the small cap funds rose by 61% year-on-year to Rs 1.9 lakh crore at the end of…
Stocks
Bulk deal: Morgan Stanley offloads stake in SAMHI Hotels on listing dayIt is unclear how much stake in the company these shares amounted to as the shareholding pattern was not yet available with the exchanges
Bajaj Finance board to mull fundraising via preferential issue, QIP on October 5Bajaj Finance had a liquidity buffer of Rs 12,704 crore as of June- end. The capital adequacy remained strong at 24.61% as of June 30, with tier-1 capital at 23.01%
ETMarket Watch: Sensex extends losses to 4th session dragged by IT stocks, falls 221 points
Nuvama Wealth Management's stock market debut on September 26The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. The scheme of arrangement came into effect on May 18, 2023. Post the demerger, Nuvama plans to enhance focus on its key business segments and grow the client assets significantly over the next…
Wall St falls, reversing early gains as rebound loses steamRemarks from Fed Governor Michelle Bowman supported the FOMC hawks, suggesting the Fed funds target rate should be raised further and held "at a restrictive level for some time" to bring inflation down to the central bank's 2% target
Investors shed stocks at fastest weekly rate in 2023The BofA data captures flows from the run-up to this week's key central bank meetings from the Federal Reserve and the Bank of England, where both held rates steady.
State Bank of India raises Rs 10,000 crore via infra bondsThis is the fourth such issuance of infra-related bonds by the bank. The proceeds of bonds will be utilised in enhancing long-term resources for funding infrastructure and affordable housing segment
Stock market update: Stocks that hit 52-week highs on NSE in today's tradePNB Gilts, Nelcast, Sonu Infratech, HUDCO and IFCI, hit their fresh 52-week highs during the day.
Share market update: Most active stocks of the day in terms of traded valueThe NSE Nifty index closed 68.1 points down at 19674.25
Tech View: Nifty forms long bear candle on weekly charts. What traders should do on MondayThe short-term trend of Nifty continues to be weak. Having placed near the crucial lower supports, there is a possibility of minor upside bounce from near 19550 levels by next week. The anticipated upside bounce could be short-lived and the market
