Mutual fund bets in their own schemes are nearing the Rs 1 trillion mark. The total value of sponsor and associate investments across all categories of schemes touched Rs 95,058 crore in February, according to a Business Standard analysis of data from industry body the Association of Mutual Funds in India (Amfi). This represents a 28.9 per cent increase over March 2023.
Posts tagged Rediff
‘Some Cooling-Off In Small Caps’ (03-04-2024)
‘More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.’
Dog Ban Takes Toll On Business (03-04-2024)
Breeders and importers of exotic dogs worried; animal rights activists say the industry needs to be tamed.
Why Hospital Stays Are Getting Shorter (03-04-2024)
‘Every hospital now tracks length of stay closely.’ ‘More efficiency is brought into the system now.’
PE investments plummet to 6-year low in FY24 (02-04-2024)
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.
Sensex down 111 pts on profit-taking (02-04-2024)
From the Sensex basket, Kotak Mahindra Bank, HCL Technologies, ICICI Bank, Infosys, Tata Consultancy Services, Wipro, Tech Mahindra and Larsen and Toubro were the major laggards. Mahindra and Mahindra, Nestle, Tata Motors and IndusInd Bank were among the gainers.
Growth slowdown, valuations near-term snags for DMart (02-04-2024)
Discount retailer DMart (Avenue Supermarts) hit its highest levels in a year and a half last week and is up over 11 per cent in the last one month. The company depends on low operating costs to offer the lowest prices to consumers, which enables sales velocity and scale, further reducing costs. This virtuous feedback loop has helped DMart gain market share in a sector dominated by unorganised stores.
Hong Kong pips India, becomes fourth-largest market (02-04-2024)
Hong Kong has regained its spot as the world’s fourth-largest market following a broad market rout in Indian equities. Currently, the Chinese territory’s market capitalisation stands at $4.9 trillion versus India’s $4.75 trillion, according to data compiled by Bloomberg. In January, the domestic equity markets’ market capitalisation had surpassed that of Hong Kong following a spectacular rally in the small- and midcap stocks.
India’s manufacturing sector hits 16-yr high in Mar (02-04-2024)
India’s manufacturing sector growth climbed to a 16-year high in March on the back of the strongest increase in output and new orders since October 2020, amid reports of buoyant demand conditions, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to a 16-year high of 59.1 in March, from 56.9 in February, reflecting stronger growth of new orders, output and input stocks as well as renewed job creation. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
India’s Startup Scorecard (02-04-2024)
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.