Small-cap funds received a quarter of the total inflows into equity mutual funds in 2023, compared with just 2.5% in 2021. The average inflows into small-cap funds doubled on year to ₹3,419 crore in 2023. Synopsis In December, small-cap funds added more than 935,000 folios, or accounts, data from the Association of Mutual Fund of … Read more
2024 is anticipated to be a significant year globally with upcoming elections in many countries. The stage is set for noteworthy political developments and potential leadership changes. More than 60 countries including India, the USA, Germany, and the United Kingdom, are set to hold elections in 2024, suggesting prolonged volatility in the global financial markets. … Read more
Aided by easing input cost pressures and demand recovery in select pockets, more than half of Nifty 50 companies are expected to have seen a double-digit growth in profits during the quarter ended December. Kotak Institutional Equities expects a 12% year-on-year (YoY) growth in the cumulative profit of Nifty 50 companies, and Motilal Oswal Financial … Read more
Mumbai: India’s top 50 listed corporates are expected to report double-digit year-on-year growth in aggregate net profit for the third consecutive three-month period, ETIG estimates for the December quarter showed, although muted performance of technology and consumer-goods companies could decelerate the pace of expansion. Net profit in the December 2023 quarter for the Nifty 50 … Read more
Mumbai: Shares of metal companies were among the top losers Wednesday as fresh concerns over the economic prospects of China, one of the largest consumers of commodities like steel, aluminium, and copper among others, prompted traders to cut their bets. The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata … Read more
Mumbai: The momentum of India’s primary market is poised to accelerate in 2024 with companies looking to raise more than ₹1 lakh crore through initial public offerings (IPOs), twice the ₹49,434 crore raised in 2023. The average size of such offerings is also expected to more than double to ₹2,000 crore, with several large-sized IPOs … Read more
Small-cap funds, known for investing in companies with smaller market capitalisations, have always been a focal point of intrigue. These funds typically invest in businesses in their growth phase, offering high potential for returns but carrying higher risks than mid and large-cap funds. In 2023, small-cap funds have drawn considerable attention due to their exceptional … Read more
Mumbai: India reported the second-highest number of initial public offerings (IPO) in the world after China in 2023, according to data from Bloomberg. The world’s most populous and fastest-growing economy recorded 240 IPOs during the year helped by a steady inflow from domestic investors amid a buoyant stock market. Of these, 58 companies raised funds … Read more
Mumbai: The Association of Mutual Funds in India (AMFI)’s small-cap stock classification formula is likely to face challenges in the upcoming semi-annual reclassification, especially given the significant uptick in stock prices and the listing of new companies. The market capitalisation of stocks in the small-cap category, as per the existing formula, surpasses $3 billion (₹25,000 … Read more
