Out of the total inflows, Goldman Sachs expects a large portion,...
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Over 75% NRIs stay invested beyond 5 yrs, outpace resident Indians in long-term commitment: Report
The average monthly SIP amount for NRI clients at FinEdge stands at...
Fraudulent MF redemptions by impersonators threat to investors confidence: Sebi official
Amarjeet Singh, Whole Time Member, Sebi Reiterating the need for...
Bloodbath on D-Street: Sensex slumps over 4,000 points amid election uncertainty, investors lose Rs 31 lakh crore
The Nifty index dropped as much as 5.43% to 22,000.60 points while the BSE index fell to a low of 72,337.34 points, down 5.4% on the day. That was the biggest fall since April 2020 and pulled stocks sharply away from records highs struck a day earlier "If there is a...
Sensex-Nifty mark record highs on expectation of Modi 3.0,investors richer by Rs 12.48 lakh crore
The Sensex surged by 1859.88 points, opening at a record 75,821.19. Similarly, the Nifty jumped 603.85 points, starting the day at 23,134.55.The buoyant market sentiment was further bolstered by India's impressive Q4FY24 GDP growth of 7.8 per cent, surpassing...
Top 100 firms must verify market rumours within 24 hrs starting today
Under the Sebi's rule, these companies will have to 'confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event' are circulating amongst the...
LGBTQIA+ community: 9 in 10 in India secure their financial future, says Max Life’s study
With a population estimated to be around 135 million people, or around 10% of India's 1.4 billion population, the LGBTQIA+ community represents a significant segment whose financial preferences and challenges cannot be overlooked The flagship study of Max Life...
Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome
''Nifty dropped by 183 points, marking the fourth consecutive decline as election jitters triggered intense selling. The Sensex fell by nearly 668 points to 74,503,'' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Mumbai: Investors' wealth eroded by...
Life insurance set to boom as interest rates surge, says Swiss Re
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
Go Digit shares settle with over 12 pc premium in debut trade
The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. During the day, it climbed 15.44 per cent to Rs 314. Shares of the company ended at Rs 305.75 apiece, up 12.40 per cent New Delhi: Shares of Go Digit General Insurance Ltd,...
Mutual Funds invest Rs 1.3 lakh crore in equities in 2024 on strong mkt performance
"Additionally, the steady increase in SIP contributions, which reached a new peak of Rs 20,371 crore in April 2024, indicates that investors are becoming more disciplined and confident in the market," Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd, said Mutual funds...
Digit’s Rs 2,614.65 crore IPO oversubscribed 9.6 times, to list on BSE on NSE on 23rd May
As per the combined bid details put out by the BSE at the close of Day-3, Go Digit General Insurance Ltd was subscribed 9.60X overall, with best demand coming from the QIB Segment, followed by the HNI / NII segment and the Retail segment in that order. The QIB portion...
Promoters divest 1.8 % stake in PB Fintech for Rs 1,109 cr
The shares were picked up by a clutch of domestic mutual funds (MFs), insurance companies, and foreign investors. The entities that purchased stake are HDFC Mutual Fund (MF), Axis MF, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, Abu Dhabi Investment...