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AUM ₹ 919,519.99 crore (as on 31-Mar-2024) No. of schemes 116…
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- SIPs stay above ₹30,000 crore: Equity mutual funds smash record as assets hit ₹48.5 lakh crore
Equity mutual fund assets rose to a fresh record of ₹48.5 lakh crore in July, accounting for 56 per cent of the mutual fund industry's overall Average Assets Under Management (AAUM), as active equity schemes continued to grow strongly.
- Gold shines, braving odds, rises 17% from June lows — What’s behind the jump? Will it impact Fed rate cut decision?
Gold price today: According to experts, the COMEX gold rate today is facing a hurdle at the $4620-$4630 per ounce zone
- IPO GMPs: Skyways IPO, Symbiotec Pharmalab IPO to Lumino Industries IPO —what grey market premium signals?
Upcoming IPOs include Symbiotec Pharmalab, Hy-Tech Engineers, and Skyways Air, each opening for subscription from 24 August. Prices range from ₹50 to ₹988 per share, with all showing positive trends in the grey market, indicating strong potential for favorable listings.
- Luxury Sales Plunge in China as Tax Push Hits Rich Shoppers
Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.
- Gaja Alternative IPO: Focus shifts to allotment date; latest GMP, 6 steps to check status
Gaja Alternative IPO allotment will be finalised on 24 August. Investors can check their allotment status on the MUFG Intime India portal. The IPO had a subscription of 31.33 times and shares will be allocated on 26 August, with refunds starting on 25 August for unsuccessful applicants.