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MUTUAL FUNDS NEWS
Retail investors' footprint widens in mutual fund sector, shows AMFI data
Fri, May 17, 2024     Source : Mint
Investment in mutual funds is growing month after month and year after year. Across the parameters and yardsticks, investors are putting more money in mutual funds.
MUTUAL FUNDS NEWS
SBI MF targets to attract ?5,000-crore investment in Automotive Opportunities NFO
Fri, May 17, 2024     Source : Business Line
The NFO will be open for investors till May 31
MUTUAL FUNDS NEWS
Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps
Fri, May 17, 2024     Source : Economic Times
Seven stocks including two-wheeler major Hero MotoCorp and state-run Bharat Heavy Electricals (BHEL) and NHPC could move to the largecap category from midcap in the upcoming Amfi Semi-Annual Categorisation...
MUTUAL FUNDS NEWS
Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank
Fri, May 17, 2024     Source : Economic Times
Braving all the bear howling, mutual funds spent close to Rs 10,000 crore to buy shares of Kotak Mahindra Bank and HDFC Bank in April.
MUTUAL FUNDS NEWS
Retirement MFs: Equity allocation, flexible withdrawal options key benefits
Fri, May 17, 2024     Source : Business Standard
Stay invested even after lock-in ends to gain from compounding
MUTUAL FUNDS NEWS
HDFC Manufacturing Fund raises over Rs 9,500 crore
Fri, May 17, 2024     Source : Economic Times
HDFC Manufacturing Fund raised between ?9,500 crore and ?10,000 crore - the highest by an actively-managed equity mutual fund in a new fund offer (NFO) in the past three years.
NEWS
18% of global fund managers overweight on Indian equities: BofA survey
Fri, May 17, 2024     Source : Business Standard
A total of 245 panelists with $642 billion worth of assets under management (AUM), BofA Securities said, participated in the survey held between May 3 and May 9, 2024
NEWS
Sensex jumps 350 points, Nifty tops 22,300 as US inflation data spurs rate cut hopes
Fri, May 17, 2024     Source : Economic Times
Indian benchmark equity indices kicked off Thursday's trading session on a positive note, tracking a rally in global equities after a softer-than-expected US consumer inflation print raised expectations of...
NEWS
Lower crude oil prices likely to tilt imports towards Iraq and UAE
Fri, May 17, 2024     Source : Business Standard
As of April, India imported more than 1.72 mn barrels per day from Russia
NEWS
India's internet economy likely to reach $1 trillion by 2030: Experts
Fri, May 17, 2024     Source : Business Standard
Shriram Subramanian said as India becomes a $5 trillion economy, e-commerce will continue to annually grow at about 25 per cent per annum from $60 billion in FY2023
NEWS
Rupee settles 4 paise lower at 83.50 against US dollar
Fri, May 17, 2024     Source : Business Line
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 104.40, higher by 0.06%
NEWS
Dow Jones tops 40,000 mark for first time on Fed rate cut hopes
Fri, May 17, 2024     Source : Mint
The Dow Jones crossed the 40,000 mark for the first time on Thursday, a day after inflation data buoyed expectations for interest rate cuts by the Federal Reserve.
NEWS
RBI warns NBFCs a mode they use for giving loans may bring grief
Fri, May 17, 2024     Source : Economic Times
The Reserve Bank of India has cautioned the country's non-bank finance companies against getting over-reliant on algo-based credit models or they may regret later.
NEWS
Auto major M&M shifts to high gear with Rs 37,000 crore investments
Fri, May 17, 2024     Source : Business Standard
CEO says EVs will constitute 20-30% of its overall sales by 2027
MUTUAL FUNDS NEWS
MF investors get KYC relief as Sebi withdraws PAN-Aadhaar link norm
Thu, May 16, 2024     Source : Economic Times
Investors who have been struggling to make fresh investments in mutual fund schemes due to non-compliance with the stricter Know Your Client (KYC) requirements have got some respite.
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