This week the Nifty either hits 10,000 or corrects back to 9,800. One of the two will happen.
The sense I get is that the kind of basket buying that we saw on Monday as well Reliance, Larsen, HDFC of the world is indicating a smacking of that buying.
I think the market may want to take a step back now after having run-up so much.
Digital wallet companies in India might soon find a new set of customers. To provide a fillip to the government's plan to enhance digital transactions in the country, market regulator Securities and Exchange Board of India is expected to soon allow investment in mutual funds through e-wallets, says an article in the Mint today.
This also marks the seventh straight month of positive inflow in equity schemes. Prior to that, such funds had witnessed a pull out of Rs 1,370 crore in March.
This is on top of an addition of 43 lakh folios in 2015-16 and 25 lakh in 2014-15. In the past two years, investor accounts increased mainly due to robust contribution from smaller towns.
Post the monetary policy, Rahul Chadha, Head, Asia Pacific Investment Division, Mirae Asset Global Investments said that the rate cut has reinforced the stance that RBI has been taking over a year of watching inflation and cutting rates.
The effects of an economic recovery will start showing in small domestic-facing companies well before large companies, says Lalit Nambiar, Fund Manager at UTI MF.
Opinion polls show that the probability of the UK exiting Europe has reduced in the past few days. The news is likely to push European market up by 1-2 percent today, says Robert Parket of Credit Suisse Asset Management.
The distributor, who receives an aggregate commission of more than Rs 1 crore from all AMCs or gets a fee of Rs 50 lakh from single fund house or operates from more than 20 locations, is required to make such disclosure.
Moreover, Amfi is likely to form a committee to decide how to utilise the fund and the issue may come up for discussions during the forthcoming monthly board meeting scheduled later this month.
Equity mutual funds witnessed an addition of over 43 lakh investor accounts or folios in 2015-16, primarily on account of robust contribution from smaller towns.
The economy, too, looks like it is on a growth path, although the rural sector is still a worry, says IV Subramaniam, MD & CIO, Quantum Advisors.
We have got a model where you should invest when sentiments in any asset class are negative and when there are outflows happening from that asset class basically when foreigners are selling.
According to Jain, Executive Director and Chief Investment Officer of the fund, corrections like these give an opportunity to invest from a two to three year perspective. Specifically, corrections led by global factors have always been great buying opportunities, he says
JM Equity Fund Announces Dividend, the record date for declaration of dividend is September 27, 2016
HDFC Mutual Funds announces dividend under its four schemes, the record date for dividend is February 25, 2016
SBI Mutual Fund says the first quarter of fiscal year 2016 will be a flat, with recovery only expected by the end of December
This episode of Taking India Global focuses on unique projects that Indian companies have taken up overseas with support from EXIM Bank.
Leo Puri also said that FIIs have been the main drivers so far but it is good to see that domestic investors including HNIs and retail investors have been participating.
Sashi Krishnan, CIO, Birla Sun Life Insurance, says banking, financial services and insurance (BFSI) looks like a good sector to be invested in right now.
The new fund offer -- LIC Nomura MF Exchange Traded Fund CNX Nifty -- will close on November 16.
Axis Bank, Indian Hotels Company and City Union Bank were the top buys, while TV18 Broadcast, Federal Bank and Petronet LNG were the top sells by the fund.
In an interview to CNBC-TV18‘s Anuj Singhal and Ekta Batra, Taher Badshah, senior VP & Fund Manager at Motilal Oswal AMC gave his reading of the current market condition and the road ahead.
According to CRISIL Research, as per the monthly numbers released by the Association of Mutual Funds in India (AMFI), the Indian mutual fund industry‘s month-end assets under management (AUM) rose 7 percent to a record high of Rs 8,90,000 crore in November.