Smallcap and midcap funds are in the spotlight. There are heated arguments on whether they have peaked or there is more steam left in them. Are they attracting more than their fair share of inflows? Will they be able to meet the redemption requests in case of a sudden fall in markets? … Continue reading Tracking paths of midcap, smallcap funds through their 6-year journey | Mutual Fund – Top Stories
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SIP’s full cup: Lowest stoppage ratio in over two years, shows data | Mutual Fund – Top Stories
Even as new systematic investment plan (SIP) account registrations dropped last month, the net SIP account additions came in higher than in January. The increase in net additions came on the back of an improved SIP stoppage ratio of 42 per cent, the lowest since November 2021. The SIP stoppage ratio is… Continue reading SIP’s full cup: Lowest stoppage ratio in over two years, shows data | Mutual Fund – Top Stories
Qatar fund buys 2.7% stake in Adani Green for $500 mn via block deals
The Qatar Investment Authority, a West Asia-based sovereign investment fund, has acquired a 2.7 per cent stake in Adani Green Energy for $500 million. This acquisition took place on Monday through block deals. According to banking sources, the group plans to utilise the proceeds from this transaction to reduce its debt and fund other… Continue reading Qatar fund buys 2.7% stake in Adani Green for $500 mn via block deals
Rs 16,484 cr from central fund under Jal Jeevan Mission lying unused: Govt
Rs 16,484 crore from the central fund under the Jal Jeevan Mission is lying unused with states and Union Territories, the government said on Monday. The mission aims to provide safe and adequate drinking water to all rural households by 2024. Water, being a state subject, the states plan, implement, operate and… Continue reading Rs 16,484 cr from central fund under Jal Jeevan Mission lying unused: Govt
Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said. “The bank has already floated a Request for Proposal to finalise a partner in the Fintech space, and we hope… Continue reading Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
Elon Musk to fund legal bill of people treated unfairly due to posting on X
X CEO Elon Musk is back again not with a new feature or update but has come in support of employees who are unfairly treated by employers due to posting or liking something on his platform. Musk on Sunday tweeted, “If you were unfairly treated by your employer due to posting or liking… Continue reading Elon Musk to fund legal bill of people treated unfairly due to posting on X
India hands over Rs 45 cr to Sri Lanka to fund digital identity project
India has handed over INR 450 million in advance to Sri Lanka to fund its unique digital identity project, the most crucial step in the island nation’s digitalisation programme being implemented through the Indian grant assistance. Sri Lankan President Ranil Wickremesinghe’s office here said that the fund from the government of India was… Continue reading India hands over Rs 45 cr to Sri Lanka to fund digital identity project
Fund review: HDFC balanced advantage fund
Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Kotak Savings Fund Fund pick: Axis Bluechip Fund You can earn up to 7.25% on your savings account with this bank: Details Style statement that goes with you everywhere: shopping for luxury handbags Revised return:… Continue reading Fund review: HDFC balanced advantage fund
LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
LIC Mutual Fund (MF) on Monday said it has completed the takeover of schemes of IDBI MF. Out of 20 schemes of IDBI MF, 10 have been merged with similar schemes of LIC MF and the remaining 10 have been taken over by LIC MF. The merger is likely to have taken… Continue reading LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
How Hedge Fund, other money managers are using ChatGPT for marketing
ChatGPT (Photo: Bloomberg) By Hema Parmar Hedge funds and other money managers are increasingly leaning on ChatGPT for marketing, and to summarize vast reports, according to a new survey. Forty-four percent of money managers use the artificial intelligence tool in a professional capacity, according to the report from BNP Paribas SA.… Continue reading How Hedge Fund, other money managers are using ChatGPT for marketing