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...
Insurtech InsuranceDekho raises $60 million at $650mn valuation
“We will use this money for M&A opportunities, to build a strong tech product team, for branding and we’re going to use it to open new business lines like getting into reinsurance,” Ankit Agrawal, the founder and chief executive officer of InsuranceDekho, said in...
Equity mutual funds record significant net inflows in Sep
While the overall net flows experienced a dip in various categories, it is noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows New Delhi: Inflow into equity mutual funds slumped by over 30...
Ambani pips Adani to become richest Indian on Hurun list
Mukesh Ambani, Chairman, Reliance Industries Pune-based Cyrus Poonawalla of vaccine maker Serum Institute of India has retained the position as the third wealthiest Indian, with a 36 per cent jump in the fortune at Rs 2.78 lakh crore, while Shiv Nadar of HCL...
Stock market faces drastic dip amid global concerns
Varun Aggarwal, founder and managing director, Profit Idea, said, "Israel War, Global tensions, Rising Interest Rates, Crude Oil Prices making markets weak. Indian markets closed on a weaker note due to a lot of concerns and uncertainty. It is important for Nifty to...
FTX used Python code to fake its insurance fund figure: Co-founder
FTX's insurance fund was designed to protect user losses in case of huge, sudden market movements Washington: The collapsed crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund, according to court testimony by FTX co-founder,...
28 IPOs worth Rs 38,000 crore to hit the street in second half of FY24
According to marketmen, the pack is led by OYO which is said to be looking to mop up over Rs 8,300 crore and Go Digit Insurance Mumbai: After a record 31 initial share sales in the first half of this fiscal, the IPO pipeline looks strong with 28 firms eyeing to raise...
Equity investors become poorer by Rs 2.95 lakh cr as markets fall
''If the US dollar and bond yields maintain their ascend, the downward trend may continue for some more time,'' Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said New Delhi: Investors' wealth eroded by Rs 2.95 lakh crore on Thursday as markets...
FPIs outflow in equities crosses Rs 10,000 cr mark in Sep on rising rates
"Since valuations remain high even after the recent pullback and US bond yields are attractive (the US 10-year bond yield is around 4.49 per cent) FPIs are likely to press sales so long as this trend persists," V K Vijayakumar, Chief Investment Strategist at Geojit...
Fed leaves rates unchanged at 5.25-5.50%, sees tighter policy through 2024
"Inflation remains elevated," the rate-setting Federal Open Market Committee (FOMC) said in a policy statement that included projections incorporating stronger economic and job growth than prior forecasts, and keeping prospects for a "soft landing" squarely in view...
Mutual funds attract 6% of household savings in FY23, shows RBI data
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...