Quant Mutual Fund, which is under market regulator SEBI’s lens in a front-running case, has crossed asset under management of ₹1 lakh crore. The fund house has over 81 million unique investors, said the fund house in a note to investors. The milestone reflects consistent performance and the fund house capability to generate superior risk-adjusted…
In August 2024, gold continued its impressive run from July, closing the month with a notable 3.6 per cent gain at USD 887.98 per 10 grams, according to the World Gold Council (WGC).The precious metal reached a new all-time high on August 20 before experiencing a slight decline as the month drew to a close….
Foreign portfolio investors are staring at a September 9 deadline to offload their India holdings that breach the regulator’s norms for concentrated holdings. Non-compliant FPIs that offload their holdings post this date will be levied a penalty of 5 per cent on their sale proceeds. Market observers believe that the number of FPIs in breach…
Shares of Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Friday made a flat market debut, listing at par with the issue price of ₹389 and later ended the day nearly 3 per cent higher. The stock got listed at ₹389 on both the BSE and the NSE. During the day, it jumped…
Monthly inflows in Systematic Investment Plans (SIPs) of mutual funds could nearly double to about ₹40,000 crore by December 2025, Swarup Mohanty, Vice-Chairman & CEO, Mirae Asset Investment Managers (India), has said. This is against SIP inflows of ₹23,332 crore seen in July 2024. In May 2018, monthly inflows were just ₹7,304 crore. “If the…
Have you ever wondered what can you do if you want to open a fixed deposit account but do not have access to a large sum. Is this possible to accumulate the deposit money in tranches? Well, Bank of Baroda offers systematic deposit plan (SDP) to those depositors who want to start an FD (fixed…
Indian stock markets opened September on a strong note, supported by robust investments from foreign investors during the first week of the month .According to data from the National Securities Depository Limited (NSDL), Foreign Portfolio Investors (FPIs) made net investments totalling ₹10,980 crore during the first week of September. However, on Friday, FPIs registered a…
HDFC Bank has revised its Marginal Cost of Lending-based interest rates (MCLR) with effect from Saturday i.e., September 7. Now, the MCLR based lending rates will be in the range of 9.10 to 9.45 percent per annum. However, only MCLR for 3-month tenure has been raised by 5 basis points. The rates for all other…
SEBI’s whole-time member Ashwani Bhatia, on Monday, urged investment bankers and chartered accountants to give the right advice to small and medium enterprises (SME), that are looking to raise money through initial public offers (IPOs). “Instead of going straight to an IPO, a better route might be to approach an angel fund or a venture…
Individual investors sold over 50 per cent of shares allotted to them by value within a week of listing, and 70 per cent of shares by value within a year, a regulatory study has found. This has buttressed the fact that investors in initial public offerings (IPOs) are a fickle lot who come in mostly…
