Today, November 1st, marks a flurry of significant events in India. From the auspicious Diwali Muhurat trading session on the stock market to changes in railway ticket reservation policies, and even water shortages in parts of Delhi, there’s plenty to keep track of. Read on for a comprehensive overview of these key events.
India’s capital markets regulator, SEBI, is proposing a stricter 30-day deadline for asset management companies (AMCs) to deploy funds raised during new fund offers (NFOs). The move aims to protect investor interests by ensuring faster utilization of funds and preventing delays caused by market conditions or AMC strategies.
MD Financial Management Inc. (MD) has announced changes to the sub-advisory structure of several of its mutual funds, effective September 23, 2024. These changes involve the appointment of new investment sub-advisors for specific funds, while maintaining the existing investment objectives and risk ratings.
Despite a relatively sluggish performance in the equity markets, open-ended equity mutual funds witnessed a significant inflow of ₹38,239.16 crore in August, indicating a positive sentiment among investors. This surge in investments underscores the growing confidence in the mutual fund industry.
Kotak Mutual Fund has launched the Kotak Nifty India Tourism Index Fund, an open-ended fund designed to mirror the Nifty India Tourism Index. This fund offers investors a chance to capitalize on the growth of India’s travel and tourism industry, which is seeing strong growth driven by factors like staycations and business travel.
Open-ended equity mutual funds witnessed a decrease in inflows for the first time in 41 months, dropping by 8.61% in July. The decline is attributed to reduced investments in both large-cap and mid-cap funds.
This article delves into the advantages of Systematic Investment Plans (SIPs) for young professionals, emphasizing the importance of early investment, goal-oriented planning, and navigating market volatility. It outlines how SIPs can help build a robust financial future through compounding, tax benefits, and automated investments.
Systematic Investment Plans (SIPs) are becoming increasingly popular in India, with over 8.76 crore accounts and monthly contributions reaching a record high. This article delves into the benefits of SIPs, explores how to use an SIP calculator effectively, and provides strategies to maximize returns while avoiding common pitfalls.
The Groww Nifty EV & New Age Automotive Fund of Funds (FOF) offers investors a chance to capitalize on the burgeoning electric vehicle (EV) market in India. This article explores the details of this unique fund, its underlying index, and the growth potential of the EV sector in India.
This week’s data highlights a shrinking informal job market in India, growing trade ties with Russia, surging mutual fund investments, and the potential for a GST cut to boost consumption. Plus, the food services sector is booming, and streaming platforms are embracing ads.
