Robust flows have allowed domestic institutional investors to own 16.05% of NSE market capitalisation at the end of the March quarter, reflecting market share gains of a fifth of one percentage point. Synopsis Registration of gross SIP accounts, the preferred route for small investors to invest in equities, rose to a record of 6.36 million … Read more
New Delhi: Gold exchange traded fund (ETF) witnessed a net outflow of ₹396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to … Read more
MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of … Read more
Rakesh Rawal, CEO, says “Anand Rathi Wealth has grown in the 30% range for the last several years that we have been in the market. We projected 20-25% and achieved 30%. This year also, we projected 20-25% and hopefully we should meet that and try and better the expectations. Broadly, the industry is very well … Read more
ET Intelligence Group: The systematic investment plan (SIP) route continues to attract new retail investors amid soaring equity benchmark indices with no signs of exasperation. New SIP accounts opened in February were 2.3 times more than the ones that were closed according to the data from the Association of Mutual Funds in India (AMFI). The … Read more
Mumbai: The assets under management (AUM) of equity mutual funds investing in small-cap and mid-cap stocks are catching up with that into schemes betting on large caps. This reflects the strong appetite among individual investors for the top-performing small-cap and mid-cap stocks despite growing concerns that the space may be overheated after the blistering run … Read more
Mumbai: Bajaj Finance, India’s largest non-banking finance company by assets, reported a 22% increase in net profit for the quarter ended December 2023 to ₹3,639 crore from ₹2,973 crore a year earlier, driven by strong loan growth. Assets under management (AUM) grew 35% to ₹3.10 lakh crore during the quarter from ₹2.30 lakh crore a … Read more
Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more
Mumbai: Staggered equity investments through monthly plans surged to a record in December, helping draw substantial cash to mutual funds investing in risk assets through a month that saw the main index breach the 21,000 mark. Expectations of interest rates peaking out globally, political continuity after the state election results, and India’s world-leading growth credentials … Read more
Mumbai: 2024 begins on an easier note for several foreign portfolio investors (FPI) betting on India. Among the offshore funds who were put off by the onerous disclosure rules imposed by the Indian capital market regulator, some now have a leeway. A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman … Read more
