BUSINESS
GIFT City, ADB to join hands to launch International Fintech Innovation Hub
In February this year, ADB had approved a $23 million loan to enhance access to quality fintech education, research, and innovation at the GIFT City.
BUSINESS
PSU rally helps dividend yield equity funds outperform benchmarks
The LIC MF Dividend Yield Fund-Reg(G) has the highest one-year return within the category at 61.11 percent, followed by ICICI Prudential Dividend Yield Equity Fund (G) with a 1-year return of 53.63 percent.
BUSINESS
MFs turn bullish on the 'India consumption growth story'
'As India progresses to become a middle-income economy, the focus on consumption will intensify,' says a top exec of Axis AMC
BUSINESS
Smart beta strategies offer a more tailored approach to capturing market inefficiencies: Nippon India AMC
This innovative approach, it adds, allows investors to customize their strategies based on various market segments or investment themes, and could potentially lead to a better performance compared to conventional indices.
BUSINESS
Out of 283 open-ended equity diversified funds about 39% outperformed their benchmarks in July
Pankaj Shrestha, Head - Investment Services at PL Capital, noted that the value strategy has delivered strong out performance this time, with about 75 percent of the relevant schemes showing better results.
BUSINESS
India-focused offshore funds, ETFs continue to shine, reflect investor confidence
The India-focused offshore fund and ETF category has experienced consistent growth, with net inflows for eight consecutive quarters since September 2022, according to data from a Morningstar report.
BUSINESS
Focused funds see outflows in 7 months of 2024 so far, but fund managers remain optimistic
As per data from Ace Equity MF, focused funds have seen continuous outflows with maximum outflows seen in July 2024 (Rs 620.2 crore) and February 2024 (Rs 533 crore). But while there has been an industry wide decline, not all fund managers are concerned.
BUSINESS
Indian consumption growth outpaces most global peers: Report
The report notes that India's GDP growth rate. which exceeds 7 percent. is driven significantly by household consumption, accounting for more than 60 percent of the GDP.
BUSINESS
Creating alpha in current market more challenging: JM Financial AMC’s Satish Ramanathan
Ramanathan noted that they continuously monitor valuations and aim to invest in higher-quality names at reasonable prices, even if that means paying slightly more for market leaders
BUSINESS
Large cap funds received less than 10% of active fund inflows in six years: DSP
Once considered the domain of experts and investors with specific goals, the report notes that sector and thematic funds have grown in popularity, attracting inflows not only in broad sectors and themes but also in sub-industry groupings -- a first for the industry
BUSINESS
AMFI contemplating Aadhaar alternative to ease KYC for NRI investors
According to people familiar with the development, AMFI, under the guidance of the Securities and Exchange Board of India, is exploring alternatives in terms of documents that can used instead of Aadhaar for verification.
BUSINESS
Five key highlights for equity markets based on latest AMFI numbers
Equity mutual funds hit a record high of Rs 29.34 lakh crore, constituting 45 percent of the industry's AUM. The net inflows for July were Rs 37,130 crore, slightly lower than June's Rs 40,608 crore.
BUSINESS
India's top three business families valued close to Singapore's GDP: Barclays-Hurun report
The report said that the top 10 families are collectively worth a total of Rs 60.09 lakh crore.
BUSINESS
Metals, Energy and IT see maximum FPI selling in July
As per NSDL data, July saw FPIs selling shares worth nearly Rs 3,000 crore in the metal & mining space, followed by Rs 2,635 crore selling in oil & gas, and Rs 2,498 crore in the power segment. The IT segment saw FPIs offloading shares worth Rs 981 crore.
BUSINESS
AMFI likely to knock govt doors again for restoring indexation benefits
While the government has decided to restore indexation benefits for the real estate industry, no such rollback has been announced for the mutual fund industry, which has already written to the government seeking certain relaxations in the Budget announcements.
BUSINESS
Why small caps will continue to sizzle
Experts believe that going ahead, investors should maintain more realistic expectations when it comes to returns.
BUSINESS
ABB India earnings preview: Robust growth across segments to drive revenue
ABB India stock price has gained around 66 percent over the last one year and around 503.5 percent over the last five years.
BUSINESS
Could a rate cut by US Fed perk up markets? Here's what four leading fund managers say
Given the combination of weak global macros, a section of fund managers believes that a marginal rate but by the US Fed might not help assuage investor concerns.
BUSINESS
Tata Power Q1 Preview: Revenue, net profit to rise amid growth in solar and thermal power generation businesses
Tata Power is expected to report a 14.7 percent YoY increase in revenue at Rs 17,457 crore in Q1FY25, as per the average estimates of five brokerage firms.
BUSINESS
EVs, semiconductors, and electronics to drive emerging sector capex in India: ASK Report
The report estimates that from FY2024-2028, "emerging sectors are projected to account for around 27 percent of capex". This shift will be driven by focus on green transition, supply chain re-alignment and focus on emerging sector and benefits under PLI scheme.
BUSINESS
MFs continue to remain positive on real estate stocks even as govt axes indexation benefit
In the Union Budget 2024, the government reduced the long term capital gains tax on real estate transactions from 20 percent to 12.5 percent while doing away with indexation benefits.
BUSINESS
Mutual funds get active with passive scheme NFO launches
Data from Ace Equity MF shows that as many as 63 passive scheme NFOs have been launched in 2024 till date -- higher than the 51 schemes launched in the whole of 2023.
BUSINESS
Size does matter: Large fund houses lead the way in NFO launches
In the current calendar year, fund houses like Tata Mutual Fund, Kotak Mutual Fund, Mirae Asset Management, SBI MF and HDFC MF feature among the top of the table in terms of the number of NFOs launched.
BUSINESS
Why SBI MF believes this is the right time to invest in innovation
The fund will focus on innovation across sectors like adtech, fintech, e-commerce, cloud computing, EVs, and clean energy.
