BUSINESS
IKEA to open first Indian store at Hyderabad in July
IKEA has hired 150 employees for assembling products for its Hyderabad store
BUSINESS
Future Retail plans to open 10,000 small format stores in next few years: Rakesh Biyani
Initially, the company expects to open 250-300 Easyday stores in the next couple of years
BUSINESS
BSE plans to start insurance distribution platform by year-end
“We are expecting the approval soon and the platform will be launched in the next few months,” he said.
BUSINESS
Mutual funds registered Rs 50,000 crore outflows in May; liquid funds worst hit
Liquid funds, which are used by corporates to park surplus cash, recorded the highest outflow of Rs 46,724 crore in May
BUSINESS
MF Wrap: What is driving SIP inflows even when equity markets are volatile?
MF industry has 2.16 crore SIP accounts through which investors regularly invest in schemes
BUSINESS
10 worst performing mid-cap and small cap funds in the past 6 months
Asset managers do not expect the underlined stocks returning to their highs, even if the Nifty regained its peak
BUSINESS
BOI AXA Mutual Fund's Alok Singh likes consumer discretionary, metal and NBFC shares
Singh envisages that the 10 year government bond will continue to trade around 8 percent yield as at this level it is already discounting lot of negatives
BUSINESS
Motilal Oswal’s Gautam Duggad sees market trading in range in CY18
Duggad feels that market will be rangebound on the back of macro concerns such as rising crude oil prices and depreciating rupee against the dollar
BUSINESS
MF weekly wrap: Bank of Baroda starts process to sell stake in mutual fund biz
BOB Capital Markets has been hired as the investment banker to manage the stake sale and the bank has already started the bidding process for selling stake in the AMC.
BUSINESS
Riches to Rags: What made Manpasand Beverages so popular to now so unpopular?
Manpasand Beverages’ Rs 400-crore IPO in 2015 witnessed the demand for 1.4 times the number of shares on sale
BUSINESS
BOI AXA Mutual Fund aims to garner Rs 200 crore via arbitrage fund NFO
The open-ended scheme will open for subscription on May 31 and close on June 14.
BUSINESS
Manpasand Beverages stock slide hits mutual funds
The value of a mutual fund scheme of Motilal Oswal Mutual Fund has been eroding after Manpasand Beverages scrip plunged 20 percent for two consecutive days
BUSINESS
Bank of Baroda starts process to sell stake in its mutual fund biz
BOB Capital Markets has been hired as the investment banker to manage the stake sale
BUSINESS
Baroda Pioneer MF’s debt head Alok Sahoo expects 10-year govt bond to trade in 7.75-8.00% range
Sahoo said higher open market operations purchase by RBI is likely to soften the bond yield
BUSINESS
MF Weekly Wrap: Fund houses race to complete set of 34, market abound with NFOs
Equity, liquid, debt and arbitrage were the themes for which the mutual fund houses filed the applications
BUSINESS
AMFI chalks out list of stocks based on market capitalisation for mutual funds
AMFI has ranked close to 5,250 stocks – 100 large caps, 150 mid caps and the rest small cap.
BUSINESS
Small cap funds best performers of 2017 on returns chart; long-term gilt funds lag
Mid-cap funds category and large cap equity funds gave 44 percent and 31 percent respectively in 2017.
BUSINESS
MFs had a terrific run in 2017, but can they create wealth for investors in 2018?
The outlook for the market seems bright, with portfolio managers remaining quite optimistic about their prospects in 2018.
BUSINESS
Principal Mutual Fund reshuffles fund managers for 4 open-ended schemes
The changes of fund managers will be with effect from Jan 1
BUSINESS
Kunal Jain resigns as co-fund manager of Indiabulls MF
Jain will cease to manage 3 funds including income and gilt funds.
BUSINESS
Theme of 2017-Balanced Funds. Will it to continue in 2018 too?
In the last 11 months, 50 percent of the inflows received in the mutual fund industry were parked in balanced funds.
BUSINESS
Top 10 wealth creator mutual fund schemes of 2017
Market experts said that consumption sector is expected to continue its robust performance in 2018 as well.
BUSINESS
Are Bitcoins worth a bet? HNIs come calling but regulators yet to buy in
Bitcon’s price has skyrocketed from USD 800 in January 2017 to slightly over USD 17,000 on Friday.
BUSINESS
Aditya Birla Sun Life MF to rename dividend option under Banking & PSU Fund
The dividend option under the scheme will be renamed as monthly dividend option, while half yearly dividend option will be replaced by weekly dividend option.
