News

Vedanta shares increase by 2% despite the stock’s ex-dividend date; futures trade at a discount.

Even after the stock went ex-dividend on May 30, Vedanta’s shares were able to increase by 2% to Rs 287.45. When a stock becomes ex-dividend, its price typically decreases. This was not the case with Vedanta, however. Last week, the company’s board of directors adopted a first interim dividend of Rs 18.50 per share for […]

Kotak Mahindra AMC announces the introduction of the Kotak Nifty 200 Momentum 30 Index Fund on May 25

Kotak Mahindra AMC announces the introduction of the Kotak Nifty 200 Momentum 30 Index Fund on May 25. The open-ended Kotak Nifty 200 Momentum 30 Index Fund was introduced by Kotak Mahindra Asset Management Company on Tuesday. The objective of the new fund is to monitor the performance of the top 30 companies in the […]

Short-term returns on Hot Stocks | Paytm, Apollo Tyres, and TVS Motor may reach up to 16%

The breakthrough of an ascending triangle formation is typically interpreted as a bullish signal for Paytm. This pattern consists of a resistance level with a flat top and a support level with an upward slope, indicating potential buying pressure. As it approaches its 20-day moving average (20-DMA), the Nifty index exhibits significant bullish momentum. Nonetheless, […]

Reserve Bank of India has announced an interest rate of 6.97% for the Floating Rate Bond 2024

The Reserve Bank of India (RBI) announced on May 4 that the interest rate on the Government of India’s Floating Rate Bond 2024 (FRB 2024) will be 6.97 percent for the period from May 7, 2023 to November 6, 2023. “It is to be recalled that the interest rate on the FRB 2024 will be […]

UTI Silver ETF Fund of FundNFO closes today

UTI Silver ETF Fund of FundNFO closes today. Do you need to invest? UTI Mutual Fund introduced UTI Silver ETF Fund of Fund, a new fund offering (NFO) under its “fund of funds” category. The category of silver ETFs is the most recent addition to the Indian mutual fund industry. According to UTI MF, the […]

2,500 crore investet in Infosys shares In March

In March, mutual funds invested 2,500 crore in Infosys shares. In March 2023, mutual funds added Infosys shares to their portfolios. In addition to Infy, Reliance Industries and HDFC were also among the top additions by fund institutions. According to a report by Nuvama Institutional Equities, large-cap mutual funds added Infosys (INR 25bn) 2,500 crore, […]

HDFC Mutual Fund introduces schemes for the large-cap, mid-cap, and small-cap markets.

The HDFC S&P BSE 500 Index Fund, HDFC NIFTY Midcap 150 Index Fund, and HDFC NIFTY Smallcap 250 Index Fund are the three new mutual fund schemes introduced by HDFC Mutual. The three investment strategies permit investors to diversify their portfolios across the large-, mid-, and small-cap segments. The subscription period for these schemes began […]

Largest ETF launch ever is merely a 2 billion reorganisation of ESG funds

The largest ETF launch in history has just occurred in the United States. Unfortunately, it was not as thrilling or dramatic as it sounds. The record-breaking fund is the Xtrackers MSCI USA Climate Action Equity ETF (symbol USCA), which debuted on Tuesday with $2 billion in assets, surpassing the 1.35 billion launch of the Goldman […]

Extended nomination deadline for mutual funds to September 30

Existing investors in mutual funds have until September 30 to designate a beneficiary or opt out; otherwise, their folios will be suspended and they will be unable to redeem their investment. Prior to March 31, 2023, the Securities and Exchange Board of India (Sebi) required mutual fund subscribers to submit nomination details or a declaration […]

Why did the Indian stock market fall today?

These are the reasons given by experts. Today’s stock market: Following negative global cues on the SVB or Silicon Valley Bank crisis, the Indian stock market fell for the fourth consecutive session on Tuesday. During mid-session, key benchmark indices were down by half to quarter to one percent, with about three hours remaining on Tuesday. […]