The Indian rupee s direction this week is likely to be determined by whether the country s central bank steps in to cap depreciation after the currency fell to a historical low on Friday, while. -March 25, 2024 at 09:38 pm EDT
- MarketScreener
For sectors like railways and defence, the fiscal deficit poses a risk, potentially slowing down government driven capex from the current growth rate of 25-30 percent to 10-15 percent, says the CIO-Equity at the fund house
After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22).
During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23.
The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.
Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers radar after a hiatus.
Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued.
Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
The Covid winter seems to be finally ending for debt-oriented mutual fund (MF) schemes as interest rates peak, especially for those that invest in shorter-maturity papers.
In the past two months, shorter-horizon debt schemes - ultra-short, low-duration, and money-market - have together raked in net inflows of Rs 48,000 crore, the highest for two months since April-May 2021.
These schemes invest in shorter-maturity papers ranging from three months to a year.