Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 278 per share. The IPO comprises a fresh issue of shares worth Rs 1,125 crore and an offer … Read more
Anthony Heredia, Managing Director and CEO, Mahindra Manulife, says “for the last two or three months, there has been a clear shift away from small and midcaps being the flavour of the month to perhaps flexi and multi-cap funds being the more relevant product. But what I am also seeing increasingly is a huge interest … Read more
Equity markets took a heavy beating with the BSE Sensex tumbling 1,062 points on Thursday. Analysts said investors are trimming their equity exposure at a faster pace as the election season heats up, which can be seen from the drubbing that mid and small-caps received. Stocks that were in focus include names like IRB Infra, … Read more
Mumbai: Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued … Read more
Bengaluru-based insurtech start-up Go Digit General Insurance on Thursday announced that its IPO will open on May 15 and close on May 17. The issue comprises a fresh issue of shares worth Rs 1,125 crore and an offer for sale (OFS) of 54,766,392 shares, according to the draft prospectus. In the IPO, promoter Go Digit … Read more
Mumbai: Investors with higher risk appetite looking for a rule-based investing approach in the mid- and small-cap space could consider some allocation to the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF, said wealth planners. Conservative investors must stay away from this fund, they said. The new ETF offering by Mirae is currently open and … Read more
The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy. The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury yields rose on … Read more
Domestic markets declined on Tuesday dragged by concerns over rich valuations. The 30-share BSE Sensex fell 383 points to settle at 73,511 and Nifty declined 140 points to 22,302. Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday. … Read more
Regulatory guidelines prescribe that investors need to add a nominee for all their mutual fund folios. The deadline for this has been extended and folios will be frozen for debits for investors who don’t comply. WHAT IS NOMINATION IN A MUTUAL FUND? Nomination is the process of appointing a person to take care of your … Read more
Mumbai: Mutual fund investors looking to diversify portfolios beyond traditional diversified equity strategies can consider quant funds, which primarily use mathematical models to select stocks, eliminate fund manager bias, and have lower costs than active funds. Wealth managers believe investors can allocate 15-20% to such schemes. Quant funds build a portfolio by selecting stocks on … Read more
