11 passive mutual funds lost over 2% in August. Have you invested in any?
In August, around 11 passive mutual funds lost over 2%, with defense, PSU banks, PSU stocks, and real estate being the hardest-hit sectors. Of approximately 319 passive funds, 42 reported negative returns. The Motilal Oswal Nifty India Defence Index Fund saw the largest loss at 7.88%, while PSU bank-focused ETFs, including Nippon India and Kotak […]
ECOS Mobility shares jump over 16% after decent debut. What should investors do?
The listing fell slightly short of expectations, despite Ecos Mobility’s shares trading at a grey market premium (GMP) of 48% above the issue price before the debut. The IPO garnered significant attention, with a subscription rate of 64 times, primarily driven by non-institutional investors.
ETMarkets Smart Talk: Indians betting big on U.S. markets with $6 bn in direct investments: Ashish Kashyap, INDmoney
Through the direct route, Indian investors have the option to create accounts with US based brokers and remit money via the Liberalized Remittance Scheme (LRS), and invest directly in U.S. stocks and ETFs.
How Godrej Ind, Jindal Saw, Bombay Burmah look on charts for tomorrow
Indian markets closed mixed on Tuesday tracking muted global cues and due to profit-taking at higher levels. The S&P BSE Sensex closed flat with a negative bias.
11 smallcap mutual funds offer over 35% SIP returns in five years
In the past five years, nearly half of all smallcap funds have delivered impressive SIP returns exceeding 35%.
Tech View: Nifty forms Inside Bar candle on the charts. Here’s how to trade on Wednesday
Nifty ended Tuesday’s session flat, forming an Inside Bar pattern on the daily chart. Analysts suggest that the near-term uptrend remains intact, with potential upside targets at 25,800 if it breaks above 25,400. Immediate support is seen at 25,100 levels. Traders are advised to watch for a breakout or dip for further direction.
SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says
OfBusiness, an Indian shopping website backed by SoftBank, plans a $1 billion IPO in the second half of 2025. The company is in talks with major banks to manage the offer. Proceeds will be used for debt repayment and business growth. OfBusiness targets a valuation between $6 billion and $9 billion.
Targeting 7%+ growth for next 2 decades: DEA secretary
The secretary called for “deepening and widening” the corporate bond market, expanding access to insurance, pension and capital market products, and improving the quality and efficiency of financial services that would reduce the intermediation cost.
Finance minister Nirmala Sitharaman asks ministries to set quarterly capex targets
Finance Minister Nirmala Sitharaman has urged various ministries and departments to speed up capital spending and set quarterly targets. In a series of meetings, she reviewed productive spending and asset creation across infrastructure sectors. Discussions included national highways, private capital attraction, and FY25 capex plans for Bharat Net and 4G mobile projects.
Indians see uncertainty ahead despite strong growth: Survey
A survey by Aditya Birla Sun Life Insurance reveals that despite India’s economic growth, salaried Indians face high uncertainty. Economic concerns like job loss and technological advancements such as AI are top worries. The survey highlights the need for substantial preparedness among the traditionally stable middle-class population.