The insurance and reinsurance sector also experienced robust...
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Transparency, investor protection boost confidence in MF as retirement vehicle: ICRA Analytics
“Equity mutual funds have captured significant inflows due to...
Leading wealth managers can grow +20 % in core assets under management over the next 3yrs: Jefferies report
The report stated that healthy growth in the core wealth management...
GIFT City grants its first approval to Azim Premji’s family office to invest its capital overseas
Azim Premji, non-executive member of the board and founder chairman of Wipro Dozens of applications for family investment fund that allow families to make investments across various asset classes and instruments offshore, are still pending with GIFT City authorties,...
Gold expected to move much higher in 2024
"We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their portfolios,...
FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec
The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase...
2024: Equity market set for eventful journey on LS polls, interest rate trajectory
In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent Mumbai: With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with...
IPO ahoy! 54 of 59 issues return 45% in 2023; just 4 trading below issue price
Analysts say strong macroeconomic fundamentals, political stability, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the...
Once synonymous with poverty, Odisha eyes high-income status by 2036
The latest Multidimensional Poverty Index report released by NITI Aayog reveals that Odisha along with Uttar Pradesh, Bihar, Madhya Pradesh and Rajasthan has recorded the steepest decline in poverty in terms of health, education and standard of living conditions...
All in a year: Equity market investors turn richer by Rs 80.62 lakh crore in 2023
Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next...
Wealth Management: Record year for India’s $585 billion Mutual Fund industry
As the unforeseen gift of a pandemic-led boom in retail investing keeps on giving, and India’s $4.1 trillion equity market continues to grow — benchmark indexes are poised to cap a record eighth year of gains — industry veterans see mutual funds attracting a bigger...
Mutual funds roar back in 2023: Rs 9 lakh cr surge in asset base on strong mkts, eco growth
Investors have shown confidence in SIPs, with inflows surging to an impressive Rs 1.66 lakh crore in the year. This has surpassed the entire amounts for 2022 (Rs 1.5 lakh crore), 2021 (Rs 1.14 lakh crore), and 2020 (Rs 97,000 crore) Monthly inflows through SIP, which...
FPIs pour 57,300-cr in equities in Dec on political stability, robust economic growth
The robust inflow from FPIs into the Indian stock markets can be attributed to various factors. Primary among these are political stability and positive sentiments prevailing in the Indian markets,said Himanshu Srivastava, Associate Director- Manager Research,...