Mutual funds were sitting with Rs 1.86 lakh crore cash pile in August which was 5.20% of the total AUM. The cash holding in July was Rs 1.71 lakh crore. The total equity AUM in August was recorded at Rs 35.82 lakh crore as of August 2024. Around five fund houses were sitting on more … Read more
On Friday, when a CrowdStrike update caused millions of Microsoft systems to crash around the world, many businesses were faced with a choice: Go cash-only, or close until systems came back online. This quickly caused chaos in Australia, whose government has explicitly encouraged businesses to go cashless. Pictures posted on social media showed card-only self-checkout … Read more
A savvy Vinted seller has taken to TikTok to share her secrets for making a tidy profit on the popular second-hand marketplace. Hannah Bevington (@hannahbevington), who has successfully cashed in £6,000 by selling various items on Vinted, divulged her strategies in a viral video that has amassed over 95.6k views and sparked excitement among her … Read more
A TikToker has gone viral after delving into a massive box of unclaimed mail and revealing her finds. Becky Chorlton, who operates Becky’s Bazaar both online and at a stall in Liverpool’s Red Brick Market, took to the social media platform to share her adventure. Becky (@beckysbazaar) is known for her knack in reselling vintage … Read more
Jun 23, 2024, 02:20:38 PM IST Around four mutual fund houses had cash allocations of more than Rs 10,000 crore in their portfolio as of May 2024. Here is the break-up, according to data from ACE MF. iStock The largest fund house had a cash allocation of Rs 27,070 crore in their portfolio as of … Read more
“The markets have run up significantly. We are trading at all-time highs and a lot of the positives of the election seem to have got priced in,” says Dipan Mehta, Director, Elixir Equities.We are talking about the markets amidst this time of election and the kind of run-up that we have witnessed. How do you … Read more
May 17, 2024, 02:34:35 PM IST Around 42 mutual funds were sitting on Rs 1.36 lakh crore cash in April, according to data by ACE MF. Here are the top 10 mutual funds that had the highest cash holding. iStock The largest fund house was sitting on Rs 22,703 crore cash in April. The cash … Read more
Shares of Bajaj Consumer Care plunged over 8% to Rs 238 in Thursday’s trade on BSE after the firm reported a 12% year-on-year (YoY) decline in net profit for Q4 FY24. Additionally, the company also approved a buyback proposal. The company on Wednesday reported a consolidated net profit of Rs 35.58 crore for the March-ended … Read more
Apr 16, 2024, 06:25:52 PM IST At the end of March, the total cash holding of all equity-based mutual funds stood at Rs 1.33 lakh crore, at 4.71%. Here is the list of seven mutual funds who were sitting on over Rs 5,000 crore cash pile, according to data by ACE MF. iStock The largest … Read more
Mumbai: The use of market repurchase (repo) transactions as a funding instrument for banks, mutual funds and other corporates has climbed to an all-time high as deficit liquidity in the banking system persists at elevated levels pushing up borrowing costs across the economy. A market repo transaction is used to raise short-term funds with securities … Read more
