Bank stocks rose last month on expectations of a stable government at the Centre. Among the banking pack, shares of Federal Bank rose 16 percent, while those of State Bank of India and Bank of Baroda went up 14 percent. Private sector banks such as ICICI Bank and HDFC Bank rose 4 percent and 5 percent, respectively. … [Read more...] about Bank funds gave highest avg return in May; will the positive trend continue?
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"The recent credit default events in NBFCs have taken a toll on the credit risk funds. As credit risk funds by default take credit risk and such event are credit events prompting investors to pull out," said a chief investment officer from a private fund house who did not wish to be named. … [Read more...] about AMFI Monthly: Credit risk funds see massive outflows in May; equity fund inflows up 17.5% MoM
DHFL owed Rs 960 crore to mutual funds as interest payment towards its bonds. However, on June 04, the housing finance company missed its deadline to make Rs 1,150 crore payment to all bondholders and informed investors, that the payment would be done within seven days. … [Read more...] about DHFL Crisis: With mutual funds on wait-and-watch for payments, will SEBI step in?
As The Harvard Crimson reports, the hackers originally intended to lock Blackbaud out of its own servers and hold the data ransom until Blackbaud or the universities paid up. However, Blackbaud successfully combated the ransomware attack, but not before the hackers grabbed some data and ran. … [Read more...] about Hackers grab data about Harvard, Emerson, and Boston U students and donors
Last 10 months have seen default by IL&FS group companies, rating downgrades of Dewan Housing Finance (DHFL) to 'default', a set of downgrades for multiple companies of Reliance ADAG Group and deadlock over the resolution of mutual funds’ exposure to Essel Group firms. … [Read more...] about Mutual funds add 5.5 lakh folios in May; liquid funds lead; equity funds hit