Mutual funds (MFs) added systematic investment plan (SIP) accounts at a record pace in 2023 with the net additions in the calendar year surpassing 15 million - 24 per cent higher than the 2022 tally of 12.2 million, according to data from the Association of Mutual Funds in India (Amfi).
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
Shringla began his two-day official visit to Nepal on Thursday. He was accorded a warm welcome on his maiden visit to Nepal which is happening at the invitation of Nepal Foreign Secretary Paudyal, amid a strain in bilateral ties following a bitter border row between the two countries.
Angry Young Men gloats in Salim-Javed's well-known attributes yet never gains access into the process or passion behind one of Indian cinema's greatest chemistries at work, observes Sukanya Verma.
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.
In May, MFs were the net sellers in several PSUs, as they deployed Rs 47,600 crore in equities during the month.
Although net inflows into equity mutual funds deteriorated month-on-month (M-o-M) in March 2024 to Rs 22,576 crore (excluding Hybrid), down 15 per cent M-o-M (up 12 per cent Y-o-Y), asset management companies (AMCs) had a great year with robust growth in assets under management (AUMs). AMCs are likely to report strong PAT growth (30-40 per cent Y-o-Y) in Q4FY24 on the back of AUM growth. In Q4FY24, domestic mutual fund (MF) industry's quarterly average AUM grew by 34 per cent Y-o-Y and 10 per cent quarter-on-quarter (Q-o-Q) to Rs 54 trillion ($652 billion).
'The government wants to ban surrogacy and take away women's fundamental right to do what she wants with her body.'
Both Putin and Zelenskyy have invited the prime minister to visit Russia and Ukraine respectively after the Lok Sabha elections, sources said, adding they see Modi as a "peacemaker".
CJI Ramana said the journey from the bar to the bench is often not natural and for years together, the life of a judge is spent in isolation and social alienation.
The Quad also vowed to work towards a free, open and prosperous Indo-Pacific, a region that has seen increasing Chinese military muscle-flexing in the last few years.
After government and political leaders, it was the turn of Pakistan army chief Gen Raheel Sharif to rake up the issue of Kashmir and breathe fire saying their armed forces were fully capable of meeting any 'external threat'.
India and China needed to develop mutual trust and respect to strengthen bi-lateral relations, Bharatiya Janata Party president Nitin Gadkari said in Itanagar on Thursday.
During a daily briefing, Chinese foreign ministry spokesperson Lijian Zhao said Beijing hopes Washington, DC will work with China to implement the spirit of the two heads of state's virtual meeting through concrete actions to bring bilateral relations back onto the track of sound and steady development.
Chinese Ambassador Sun Weidong has said peace and tranquility in the border areas with India is important but it is not the "whole story" of the bilateral relations and that the current status of the ties is obviously not in the fundamental interest of either side, remarks that came amid the Ladakh military standoff.
External Affairs Minister S Jaishankar is set to hold separate bilateral talks with his Chinese counterpart Qin Gang and Russia's Sergey Lavrov at a beach resort in Goa on Thursday on the sidelines of a conclave of the Shanghai Cooperation Organisation (SCO) amid rapidly evolving regional security situation.
Taking to Twitter, Gandhi termed Friday's attack reprehensible, and said the only known antidote to bigotry is love, mutual respect and understanding.
The resolution observed that the American-Hindu community has been a major contributor to diverse sectors such as medicine, science and engineering, information technology, hospitality, finance, academia, manufacturing, energy, retail trade, among others.
External affairs ministry spokesperson Arindam Bagchi said it is essential that "appropriate agreements between India and China of 1993 and 1996 are scrupulously followed".
The paramilitary Rangers, which were called in to maintain law and order in the disputed region, came under attack while moving out of the region, the Dawn newspaper reported.
Maharashtra Congress president Nana Patole claimed Thackeray had selected a candidate finalised by Congress for the Nashik Teachers' constituency without consulting coalition partners.
In the mood for romance but don't know which movies to watch? Tamil cinema has a lot to offer on OTT, and Arjun Menon lists his favourites.
Sharmishtha, who has quit politics, also clarified that she has not tried to tweak her father's views about anyone.
Markets regulator Sebi has ordered the attachment of bank and demat accounts as well as mutual fund holdings of Videocon Group founder Venugopal Dhoot to recover dues totalling Rs 5.16 lakh. The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions. In an attachment notice on Monday, Sebi said the pending dues of Rs 5.16 lakh include the initial fine of Rs 5 lakh, interest of Rs 15,000 and a recovery cost of Rs 1,000.
A group of pro-Khalistani protesters on Sunday attacked and damaged the Indian consulate in San Francisco, prompting sharp condemnation from Indian-Americans who demanded immediate action against those responsible for it.
'From a risk-return perspective, large-cap funds may generate lower-than-historical average returns in 2024, whereas mid-, and small-cap funds hardly have any upside left.'
The development comes amidst officials of the foreign ministries from the two sides exchanged goodwill messages.
The discussions took place on the sidelines of the G20 Foreign Ministers' Meeting.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The upcoming new regulations will help make schemes more efficient.
Chouhan and Raje were overlooked by the BJP for the chief minister posts in Madhya Pradesh and Rajasthan respectively despite ensuring the party's return to power in the assembly polls held recently.
Differences of opinion are a part of democracy and there are ways to find solutions to that, Law Minister Kiren Rijiju said on Thursday in Rajya Sabha on whether there exists differences between the judiciary and the executive on the issue of appointment of judges.
For the third month running, investors opened over four million new demat accounts in February, showing growing household confidence in stock markets and their increased risk appetite. Over 13.12 million new demat accounts have been opened in the last three months, taking the total count close to the 150-million mark. Demat accounts are needed for trading and holding shares electronically.
De Villiers had been a big part of RCB family before he retired from all forms of cricket last year.
The row erupted on a day President Dr Mohamed Muizzu embarked on a week-long visit to China.
The Election Commission Wednesday directed the leaders of the ruling Bharatiya Janata Party to refrain from making speeches on religious and communal lines, and opposition Congress from potentially divisive statements on the socioeconomic composition of the armed forces.
Did Bharat feel 'neglected' after their second daughter's birth?
The Securities and Exchange Board of India (Sebi) is reviewing the current stock categorisation framework followed by actively managed equity mutual funds (MFs) to ensure they are true-to-label. Individuals familiar with the matter said the universe of largecap and midcap stocks could be expanded by 25-50 stocks. The move follows concerns raised by industry players that the current threshold has been skewed following a sharp run-up in the domestic markets after the Covid-19 pandemic.
Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs.
