The report stated that healthy growth in the core wealth management...
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SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
The overall net assets under management (AUM) of the mutual fund...
91pc of individual traders lose money in equity derivatives in FY25 Sebi study
The study indicated that the net losses of individual traders...
Mutual funds at all-time high, FII holding down at 11-year low
The share of Foreign Institutional Investors (FIIs) declined to an 11-year low of 17.68 per cent as of March 31, 2024, down by 51 bps from 18.19 per cent as of December 31, 2023, resulting in the gap between FII and DII holding narrowing further to an all-time low in...
FM refutes report on possible tweaking of tax laws
Nirmala Sitharaman, union finance minister Finance Minister Nirmala Sitharaman reacted to a post on X by a TV news channel claiming that in a sweeping change, the Income Tax Department is planning to impose uniform treatment for all asset classes New Delhi: Finance...
Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing cybercriminals and terrorist grps to trade on cryptocurrency exchange
Changpeng Zhao, founder & former CEO, Binance It is the first time a chief executive officer has ever gone to jail for a bank secrecy act violation, a charge that has been used repeatedly in crypto prosecutions in recent years Binance founder Changpeng Zhao was...
Foreign portfolio investors turn net sellers in Indian stocks this April
The entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December. The strong inflow of funds from foreign portfolio investors (FPIs) had then supported the benchmark stock indices to march towards all-time highs. New Delhi:...
ED tightens grip on crypto assets, freezes Rs 90 crore in Binance, ZebPay, and WazirX
The investigation pertains to an online gaming scam app ''scam'' called 'E-Nugget' that masqueraded as a gaming platform and ''promised'' users high returns on their investments. New Delhi: The Enforcement Directorate on Tuesday said it has taken possession of funds...
Foreign investors withdraw Rs 6,300 crore from Indian stocks in April amid rising US bond yields
“The positive factor is that all FPI selling in the equity markets is getting absorbed by DIIs, HNIs and retail investors. This is the only factor that may reign in FPI selling,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services After...
Hybrid MFs see net inflow of Rs 1.45 lakh crore
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments,...
Generali undertakes restructuring to focus on Insurance and and Asset management
Philippe Donnet,group CEO,Generali Thanks to a simpler and leaner approach, the new group’s organizational structure centering on insurance and asset management will accelerate the group’s transformation, and it will support the definition of the plan for the next...
Small-cap mutual funds’ assets soar 83 pc to Rs 2.43 lakh crore in FY24 on retail investor boom
The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.9 crore in March 2024 from 1.09 crore a year ago, adding an investor base of 81 lakh. This shows investors' inclination for small-cap funds New Delhi:...
Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA. This...