Abhishek Kumar, Business Standard

Stories by Abhishek Kumar, Business Standard

How To Combat Digital Crime Epidemic

How To Combat Digital Crime Epidemic

Rediff.com   16 Nov 2024

The fundamental responsibility for preventing such crimes and for bringing the criminals to justice rests with the State, and it cannot abdicate that function.

MFs cast their lines for record Oct catch

MFs cast their lines for record Oct catch

Rediff.com   11 Nov 2024

Mutual funds (MFs) reinforced their record monthly inflows in October with an investment of Rs 87,000 crore (up to October 29), softening the downside pressure on domestic markets. Their prior record for monthly inflows was Rs 48,139 crore in May. This unprecedented monthly buying partially countered record monthly sales by foreign portfolio investors (FPIs) of Rs 1.1 trillion last month.

Equity NFO pipeline remains strong despite mkt weakness

Equity NFO pipeline remains strong despite mkt weakness

Rediff.com   6 Nov 2024

The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

Rediff.com   28 Oct 2024

'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.

6 Month Tenure For Next Chief Justice

6 Month Tenure For Next Chief Justice

Rediff.com   18 Oct 2024

Justice Sanjiv Khanna 'belongs to that school of legal luminaries who give the highest primacy to facts.'

Who's Who In Tata Trusts

Who's Who In Tata Trusts

Rediff.com   11 Oct 2024

The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.

Equity rally fuels fastest quarterly growth in MF assets in five years

Equity rally fuels fastest quarterly growth in MF assets in five years

Rediff.com   8 Oct 2024

Mutual funds (MFs) managed a record Rs 66.2 trillion in assets during the July-September quarter, marking a 12.3 per cent increase over the previous three-month period - the highest quarterly jump in MF assets in at least five years. During the April-June period, the average assets under management (AUM) stood at Rs 59 trillion. The sharp rise in AUM, according to experts, is driven by a robust equity market rally and record inflows into equity schemes.

Tax edge adds shine to gold ETFs

Tax edge adds shine to gold ETFs

Rediff.com   2 Oct 2024

Inflows into gold exchange-traded funds (ETFs), which manage a total of Rs 37,390 crore, have surged sharply in recent months. This trend is likely to continue, especially after the reintroduction of long-term capital gains tax (LTCG), which is likely to attract smart money into mutual fund offerings amid a robust outlook for the yellow metal. Smart money, also known as opportunistic flows, refers to strategic investments that are generally of a short-term horizon.

Domestic investors pay hefty premiums for China exposure

Domestic investors pay hefty premiums for China exposure

Rediff.com   30 Sep 2024

Indian investors are paying hefty premiums to invest in China markets, with stocks there posting their biggest weekly gain in nearly 16 years. Savvy investors were seen making a dash to invest in the only two China-focused exchange-traded funds (ETFs) available in the domestic markets. On Friday, Mirae Asset Hang Seng Tech ETF closed at Rs 16.9 on the NSE, nearly

Why Households Are Shifting Funds To Equities

Why Households Are Shifting Funds To Equities

Rediff.com   25 Sep 2024

Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.

MF Investor Base To Touch 50 Million

MF Investor Base To Touch 50 Million

Rediff.com   24 Sep 2024

The number of active SIP accounts is nearing the 100 million milestone.

Why Mutual Fund Inflows Have Surged

Why Mutual Fund Inflows Have Surged

Rediff.com   19 Sep 2024

Largecap, flexicap, and balanced advantage funds together recorded a net inflow of Rs 9,363 crore in August, representing a 70% increase from the previous month's total.

Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space

Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space

Rediff.com   18 Sep 2024

The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024. The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.

Equity MFs Rake In Rs 38,239 Crore In August

Equity MFs Rake In Rs 38,239 Crore In August

Rediff.com   11 Sep 2024

'The correction in the markets in the initial part of August provided investors a good buying opportunity.'

Airfares Rise By 53% As Competition Fades

Airfares Rise By 53% As Competition Fades

Rediff.com   5 Sep 2024

Indigo has zero competition on 61.2 per cent of its 838 domestic routes.

Dahi Handi: Insurers Cover 90,000+ Govindas

Dahi Handi: Insurers Cover 90,000+ Govindas

Rediff.com   26 Aug 2024

'As on August 25, 94,753 Govindas have been insured.' 'This number is expected to rise further, as proposals for 5,000 to 8,000 Govindas are received daily.'

'For Valuations To Sustain, Corporate Earnings Need To Deliver'

'For Valuations To Sustain, Corporate Earnings Need To Deliver'

Rediff.com   24 Aug 2024

'Asset allocation should be driven much more by long-term factors rather than the market scenario at any particular point in time.'

Airfares Already Soar For Diwali!

Airfares Already Soar For Diwali!

Rediff.com   20 Aug 2024

'Airlines are aware that during peak times like Diwali, demand will be high, so prices remain steep even for tickets purchased 90 days ahead.'

'Largecaps Present Better Risk/Reward Balance'

'Largecaps Present Better Risk/Reward Balance'

Rediff.com   19 Aug 2024

'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'

Outflows from SIP accounts scale new high of Rs 14,367 crore in July

Outflows from SIP accounts scale new high of Rs 14,367 crore in July

Rediff.com   19 Aug 2024

Redemptions from systematic investment plan (SIP) accounts scaled a new high of Rs 14,367 crore in July, indicating investors booked profits following back-to-back months of gains in the market. Volatility triggered by Budget announcements also played on investor sentiment. "July 2024 saw a peak in the Nifty, which may have prompted profit-booking among investors nearing the end of their goal tenure.