Mutual funds

Markets

Weekend Wrap: From Zomato to Torrent Power, top market movers this week

Top News SEBI in a circular launched beta version of T+0 settlement cycle on an optional basis in the equity cash market, for a limited set of 25 scrips with a limited number of brokers. This option will be available for trades done only till 1.30 pm starting from Mar 28, 2024. SEBI instructs AMCs to cease accepting new investments in funds targeting investment in overseas ETFs effective April…

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Markets

Weekend Wrap: From Linde India to Abbott India, top market movers this week

Top News SIP inflows jumped 40% on Y-o-Y basis to ₹19,187 crore in February 2024 compared to inflows of ₹13,686 crore in February 2023. Shares of Mukka Proteins got listed at a premium of 57% over issue price of ₹28 while IPO of Gopal Snacks and Popular Vehicles & Services got over subscribed by 9.50 and 1.25 times respectively. Navi AMC has launched the NFO for Navi Nifty IT…

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Markets

Sebi chief flags risk of bubble in stock market

The Securities and Exchange Board of India (Sebi) has already asked for results of stress tests from mutual fund (MF) trustees, stating the time it would take to liquidate portions of investors’ portfolios. “There are pockets of froth… sections of froth in the market,” Sebi chairperson Madhabi Puri Buch said on the sidelines of an event in Mumbai on Monday. “Some people call it a bubble, some may call…

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Markets

Sebi moves to curb inflows into small- and mid-cap funds

India’s market regulator has asked money managers to consider restricting one-off investments from clients in small- and mid-cap stock mutual funds and cut commissions offered for their sale, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India communicated this to the money managers in a meeting earlier this month, the sources, who included a regulatory official, said. The regulator did not specify…

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Markets

Amfi writes to MFs about Sebi concern over froth in small, mid caps space

Mumbai: Industry body Association of Mutual Funds in India (Amfi) has asked mutual funds to put in place safeguards to protect the interests of all investors in mid- and small-cap funds. Amfi sent this letter after markets regulator Securities and Exchange Board of India (Sebi) raised concerns of “froth building up in small and midcap segments” amid continuing flows in mid- and small-cap funds. Amfi cited Sebi’s directive to…

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