Tag: most bought

Top news The Employees’ Provident Fund Organisation (EPFO) has retained the rate of interest at 8.5percent for the fiscal year 2020-21. SEBI in a circular on Mutual Funds has laid down a procedure for modification in control of AMC in addition to other parameters such as investment pattern, yearly reports for unitholders, undertaking from Trustees…

Top news Foreign Portfolio Investors (FPIs) invested Rs 1.42 lakh crore into equities during October – December quarter compared to Rs 51,984 crore during the previous quarter. The net AUM of mutual funds grew by 7.6% to Rs 29.71 lakh crore in December 2020 compared to the AUM of Rs 27.6 lakh crore at the…

Best news Bitcoin created an all time high as it moved over $23,000 for the first time ever. Having a 220% surge from the start of 2020, market cap of Bitcoin has crossed $400 Billion. After being oversubscribed by 157 times, Burger king obtained listed at a top of 92% on the issue price of…

Top news Foreign Institutional Investors bought Rs 65,317 crore worth of Indian equities during the month of November, 2020. Highest monthly infusion in the last 2 decades. November turned out to be the best month in decades for multiple global Indices. Dow Jones went up by 12.9%, S&P Energy by 33.7%, S&P Financials by 19%,…

Top news RBI panel has suggested allowing huge NBFCs with resources above Rs 50,000 Crore to be considered for conversion into banks. The RBI panel recommended letting banking licences for large industrial houses.  Lakshmi Vilas Bank was set under moratorium till 16 December. The withdrawal cap was put at Rs 25,000 such as ECS debits.…

Top news Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs 2.65 lakh crore in the form of Atmanirbhar Bharat 3.0. This includes income tax relief for home buyers and fertiliser subsidy of Rs 65,000 crore for farmers. The net AUM of the mutual fund industry grew by 5.1% to Rs 28.2 lakh crore…

Top news SEBI has announced that cut-off time for equity oriented mutual funds is being restored to 3 PM with effect from 19 October, 2020. The truncated cut-off time remains unchanged for debt and conservative hybrid funds. SBI Mutual Fund has appointed Moiz Miyajiwala as an Independent Director on the Board of SBI Funds Management…

Best news US President Donald Trump and first lady Melania Trump have tested positive for Covid-19. S&P 500 fell down by 0.96percent Friday after the information came out.  IPOs continue to gain traction in the markets. IPO of Mazagon Dock has been oversubscribed by 157 times this past week. On the flip side, Chemcon and…

Top news Kuvera has ventured into insurance sector with launch of Kuvera Protect, an umbrella of insurance solutions. The first product out of the stables is Kuvera Health Protect, a health insurance solution that is designed to be simple, affordable and comprehensive. Increasing the options available for investing in passive funds, Nippon India Mutual Fund…