Fitch Ratings presents an optimistic outlook for India s banking sector in 2024, highlighting the country s substantial improvement in 2023. The agency praises India s banking sector resilience and potential. The banking, financial services, and insurance (BFSI) sector in India is integral to the country s economic growth, offering abundant growth opportunities. The BFSI sector boasts financial health and stability, with regulatory safeguards in place.
Bajaj Finserv Mutual Fund announced the launch of the Bajaj Finserv Nifty 50 ETF. The scheme opened for public subscription on January 15, 2024, and will close on January 18, 2024.
The ELSS schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI. These benchmarks offered 16.32%, 14.97%, and 16.48% respectively in the same time period.
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