The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?
Hedge fund of funds
Assets of mutual funds grew by over 7 percent in October but equity mutual funds inflows hit a 5-month low in the same period despite a rise in equity markets.Amid intermittent bouts of volatility, BSE's benchmark Sensex rose 3.6 percent last month while the Nifty50 index registered a rise of 3.5 percent in the same period and second consecutive month when the index closed in the green.Mutual fund schemes witnessed a net inflow of Rs 1.33 lakh crore last month as compared to an outflow of Rs 1.51 lakh crore in September, according to the data released by Association of Mutual Funds in India on November 9.Close The inflows helped the asset base of the MF industry grow by almost 7.5 percent taking the total AUM to Rs 26.32 lakh crore. related news Inflation a concern, but RBI rate cut a strong possibility, say experts In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy? Muthoot Finance share price rallies 8% on stellar Q2 results Equity mutual … [Read more...] about Top 30 large, mid & smallcap stocks fund managers bought, sold in October
Trading at its lowest level since December 2018, the Indian rupee opened lower by 10 paise at Rs 71.91 per dollar on August 23 versus the previous close of Rs 71.81.The domestic currency looks set for the biggest monthly fall in six years as it is down 4.6 percent this month and 3.1 percent in 2019.Chinese yuan's fall has also put pressure on emerging market currencies. As per Reuters, the yuan slumped to an 11-year low. Traditionally, Indian currency follows its Chinese counterpart as both countries aim to remain export competitive.Close A feeble rupee is not a good sign for the market as it indicates that foreign investors are bearish and exiting their positions. At a time when the market has a lot to worry in terms of the trade war, weakening the economy and lacklustre corporate earnings, the fall in rupee can only aggravate the outflow of foreign funds. related news Ideas for Profit | What makes this contract manufacturer worth a shot? Despite M&M’s dismal … [Read more...] about Rupee at 8-month low; here are 10 stocks that could benefit from the fall in INR
Vikram had just purchased a home. While he wasn't married, and had just begun his career five years ago, this was the equivalent of scaling Mount Everest. And in his books - irrespective of what family and friends said about marriage - Vikram had actually settled down. Many friends agreed. After all, buying a home in India is a tough task, given the rise in real estate prices. Fortunately, banks and non-banking financial organisations offer several types of home loans, depending on your requirement. There are home loans for women, agriculturalists, and even for purchasing land. Types of Home loansThanks to the demand in purchasing real estate, and the tax benefits that one can avail from a home loan, banks and non-banking finance institutions have the following home loan products available in the market that cater to your needs. Loans for purchase of landPeople buy land as an investment, and several banks and non-banking financial institutions offer loans for purchase of … [Read more...] about Home Loan types: Different types of Hosing Loan in India
Planning to buy a house? Looking for a home loan? Before you take the plunge, it is important that you understand the home loan eligibility criteria for all banks and financial institutions. You can save yourself from getting your application rejected if you know you are an eligible candidate for the loan. You can also save time while applying a loan if you know you are eligible for the loan.If you meet the criteria set by banks for home loans, you make for a strong application. Most banks and lenders have a different set of criteria for judging applicants. However, some factors are common among all lenders such as age, employment status and credit score. In the following sections we give you a breakdown of these criteria. Home Loan Eligibility for All Banks in India The housing loan eligibility criteria varies from one bank to another. However, there are some factors that are common across banks and lenders.Close Most banks offer loans to people who fall in the age bracket of 21 … [Read more...] about Home Loan eligibility criteria