‘Sachet’ Investing Hooks Millennials To Stock Markets
Young investors are the force behind India's stock market boom, driven largely by simplified, ‘sachet’ investing and an extended bull run.
mutual fund
October 2023
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December 2022
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August 2022
Highest turnover, highest SIPs, max MFs; August sets new record for stock market
The SIP contribution for August rose to an all time high of ₹15,813 crore, while mutual fund folios touched an all time high of 15.42 crore in August 2023.
HDFC AMC shares surge 9% amid block deal
Abrdn Investment, formerly Standard Life, to sell its entire 10.2% stake in HDFC AMC via a block deal today.
SEBI proposes setting up of surveillance system for asset management companies
At present, the regulatory framework for AMCs includes provisions relating to the code of conduct for AMCs, fund managers & dealers, and various other disclosure and reporting requirements.
MFs Face a Tough Battle for Flows
Though assets under management are at a record high of ₹40 lakh crore, it seems individuals have not embraced MFs completely, which poses both a challenge and an opportunity for the industry.
Emkay Global zooms 20% after SEBI approval for mutual fund biz
The company received approval from SEBI for launching a mutual fund business.
Headed for a period of volatility and moderate returns in 2023: S Naren, ICICI Pru MF
The global equity markets will remain volatile in H1 2023, but things will improve in the second half, says Naren, ED & CIO, ICICI Prudential Mutual Fund.
IIFL MF launches India's first tax-saver index fund
Index ELSS will provide investors with the dual advantage of earning passive returns from equity as well as availing 80C benefits on investments up to Rs 1,50,000.
PNB share jumps 8% on nod to sell stake in UTI AMC
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
RBI's 50 bps rate hike: Should debt mutual fund investors alter investment strategy?
The bond market gave up all their gains after the policy announcement and pushed yields of benchmark 10-year government bonds higher at 7.25%.
