jhjaK

Earlier this week, Sebi floated a paper on a new asset class for investors, who want to put between Rs 10 lakh and Rs 50 lakh in differentiated investment strategies. The new asset class proposed by the Securities and Exchange Board of India (Sebi) is anticipated to introduce innovative investment products and styles into the market. This development may potentially incentivize certain investors to transition away from current high-risk products such as portfolio management services (PMS) and alternative investment funds (AIFs). This move aims to offer regulated, higher-risk investment opportunities while curbing unauthorised schemes, according to SEBI's consultation paper. The new investment asset will be offered under the mutual fund (MF) structure, with new branding and relevant relaxations in existing MF norms. The Sebi has proposed: > Sebi has proposed to introduce a new asset class for investors, who want to put between Rs 10 lakh and Rs 50 lakh in differentiated investmen...

  Economic Survey 2024 makes an interesting observation that the sharp rise in household financial savings during the pandemic has been drawn down subsequently, as in many other economies, and shifted towards physical assets The main argument against Futures & Options (F&O) trading is that household savings are being diverted from productive capital formation to speculative bets in the stocks and indices option segment. Is this really what is happening in our economy?  Perhaps not entirely. Thats what the experts believe.  Track Budget 2024 updates real-time with BT's non-stop live streaming of India's most-important event from 8 am to 7 pm  Dr Manoranjan Sharma, Chief Economist - Infomerics Ratings says the trading in the F&O segment is just one factor. Perhaps a much more important factor is the influx of money in the stock markets via the SIP route by mutual funds. On an average, SIPs mobilise Rs 25,000 crore every month. Hence an extrapolation ov...

  Economic Survey 2024 makes an interesting observation that the sharp rise in household financial savings during the pandemic has been drawn down subsequently, as in many other economies, and shifted towards physical assets The main argument against Futures & Options (F&O) trading is that household savings are being diverted from productive capital formation to speculative bets in the stocks and indices option segment. Is this really what is happening in our economy?  Perhaps not entirely. Thats what the experts believe.  Track Budget 2024 updates real-time with BT's non-stop live streaming of India's most-important event from 8 am to 7 pm  Dr Manoranjan Sharma, Chief Economist - Infomerics Ratings says the trading in the F&O segment is just one factor. Perhaps a much more important factor is the influx of money in the stock markets via the SIP route by mutual funds. On an average, SIPs mobilise Rs 25,000 crore every month. Hence an extrapolation ov...

Groww Mutual Fund also launched two New Fund Offerings (NFOs) for the Groww Nifty EV & New Age Automotive ETF and the Groww Nifty EV & New Age Automotive ETF FOF NFOs this week:  Kotak Mahindra Asset Management Company Limited has launched the Kotak Nifty Midcap 50 Index Fund. It is an open-ended scheme designed to replicate or track the Nifty Midcap 50 Index. The new fund offer (NFO) opened for subscription on July 25 and will close on August 8.   The main investment objective is to deliver returns that closely match the total returns of the underlying index, before expenses, while accounting for tracking errors. The Nifty Midcap 50 Index includes the top 50 midcap stocks selected from the Nifty Midcap 150 Index based on their full market capitalisation, with a preference for companies that are tradable in NSE’s Future & Options segment. By incorporating leading midcap stocks from diverse sectors within the Nifty Midcap 150 Index, the fund delivers a focused repre...

This unprecedented drop in gold's value marked the sixth largest wealth erosion in Indian market history, surpassing the volatility often seen in equity markets. The Union Budget 2024's surprise cut in gold customs duty triggered a dramatic market upheaval. Gold prices plummeted by over five percent in a single day, erasing around Rs 10.7 lakh crore in value. This unprecedented drop marked the sixth largest wealth erosion in Indian market history, surpassing the volatility often seen in equity markets. Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said, "Gold prices witnessed a major setback due to pressure from Comex, as Comex Gold fell below $2,375, down from $2,409. Consequently, MCX Gold saw a sharp correction of Rs 1,100, settling at Rs 67,850. The pressure is attributed to ongoing profit booking, as the anticipated September rate cut had been priced in. However, there is a high possibility that it could be a one-time cut before a pau...