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New Delhi [India], September 2: In the ever-evolving world of investing, Indian investors are constantly seeking options that provide a fine balance between risk and returns. This is where hybrid mutual funds have carved a niche for themselves in the Indian financial market. With increasing awareness about investment diversification, hybrid mutual funds are gaining traction among investors of all kinds--from beginners to seasoned professionals. This article delves deeply into what hybrid mutual ...Read More >
Mumbai: State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm. "We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive office ...Read More >
New Delhi, Aug 25 (PTI) Infrastructure EPC company Vikran Engineering on Monday said it has mobilised Rs 231.6 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from various investors, including Bank of India Mutual Fund (MF), ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale, among others, according to a circular uploaded on the BSE websi ...Read More >
New Delhi, Aug 22 (PTI) Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence. He stressed the need for heightened vigilance, urging asset management companies (AMCs) to respond swiftly and track evolving fraud patterns as perpetrators become more sophisticated. While there is a need to diversify beyond the blue chips ...Read More >
Chennai (Tamil Nadu) [India], August 20: AssetPlus, India's leading digital platform for Mutual Fund Distributors (MFDs), today announced the launch of UPI AutoPay for Systematic Investment Plans (SIPs) through an integration with the Bombay Stock Exchange (BSE). This new capability allows investors to authorise recurring payments directly from their preferred UPI app, marking a significant leap towards faster, more convenient, and more transparent SIP mandate registration. Also Read | Who is M ...Read More >
VMPL Chennai (Tamil Nadu) [India], August 20: AssetPlus, India's leading digital platform for Mutual Fund Distributors (MFDs), today announced the launch of UPI AutoPay for Systematic Investment Plans (SIPs) through an integration with the Bombay Stock Exchange (BSE). This new capability allows investors to authorise recurring payments directly from their preferred UPI app, marking a significant leap towards faster, more convenient, and more transparent SIP mandate registration. For years, SIP ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
Mumbai: A majority of economists say that growth, rather than inflation, will be the primary driver of monetary policy decisions while adding that the Reserve Bank of India is unlikely to cut the policy repo rate further from 5.5% now. "We believe that growth would guide the RBI's thought process as inflation remains benign. We do not see any further cuts in our base case," Rahul Bajoria and Smriti Mehra, economists at BofA Securities India, wrote in a report. Inflation as measured by consumer ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) The Reserve Bank of India's Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday. Any additional room for easing could open up if growth underperforms and the US Fed cuts rates to counter labour market weakness, HSBC Mutual Fund said in its report. In its latest policy meeting, ...Read More >
Mumbai, August 13, 2025 -- Motilal Oswal Mutual Fund has unveiled a special Independence Day campaign that honours India's spirited pursuit of freedom while drawing a parallel to the increasingly important journey towards self-reliance and financial independence. The film captures a warm exchange between a retired brigadier grandfather and his 20-something grandson. As they reminisce over their family legacy of freedom fighters and soldiers, the conversation shifts to the challenges of the pres ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
BSE India Defence Index: BSE Index Services has launched BSE India Defence index (defence index) to track the growth of defence sector. The BSE India Defence Index will be reconstituted semi-annually (June and December). BSE India Defence Index Launched: BSE Index Services, a wholly subsidiary of BSE Ltd -- Asia's oldest exchange and the world's largest exchange in terms of the number of listed companies, has announced the launch of BSE India Defence index (defence index). The BSE India Defenc ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders ...Read More >
Mumbai: The Securities and Exchange Board of India(Sebi) has proposed to include the definition of algorithm and proprietary trading in the stock brokers' regulations. The current rules do not have any definition for such trades done by brokers. Under the proposal, Sebi said algorithmic trading would mean any order generated or placed using automated execution logic. The regulator said it was revamping the stock brokers' regulations to incorporate new requirements that have arisen due to chang ...Read More >
New Delhi: The top 1 per cent of India's wealthiest citizens have parked 60 per cent of their money in real estate and gold, according to a report on Monday. This segment of 'wealthiest citizens' is comprised of Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI) and the affluent class, which accounts for only 1 percent of Indian households but controls nearly 60 per cent of the country's total assets, the report by US-based wealth management firm Bernstein said. This seg ...Read More >
Mumbai, August 4, 2025: As of June 2025, as per industry data the Indian mutual fund (MF) industry stands at an AUM of ₹74.40 lakh crore, marking more than a sevenfold growth over the past decade. Equity commands the largest share at 59.94%, followed by debt at 26.53%, hybrid at 8.28%, and other categories accounting for 5.26%. A key development in the industry has been the steady rise of passive investing, which now accounts for approximately 17% of total AUM. While active funds continue to do ...Read More >
New Delhi [India] August 4 (ANI): The shareholding landscape of India Inc. witnessed a significant shift in the June 2025 quarter, with private promoter ownership plunging to an 8-year low while Domestic Institutional Investors (DIIs) surged to an all-time high, according to Primeinfobase, a division of PRIME Database Group. Private promoter holding in NSE-listed companies fell to 40.58 per cent as on June 30, 2025, down from 40.81 per cent in the previous quarter. This marks the lowest level s ...Read More >
New Delhi [India], August 4 (ANI): Around 60 per cent of India's Uber rich wealth is still parked in real estate and gold, according to a report by Bernstein. Uber rich individuals includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class. The report stated 'Uber Rich own approx. USD 2.7 Tn in serviceable assets, approx. 60 per cent wealth still parked in real-estate & gold'. As per the report, India's total household assets are valued at USD 19 ...Read More >
In a stunning turn of events, Viresh Joshi, once a key player at Axis Mutual Fund, has been arrested by the Enforcement Directorate on charges of money laundering. The case revolves around serious allegations of investor deception through front-running. Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 2 lakh crore by 'front-running' in trade activiti ...Read More >
New Delhi: In the Axis Mutual Fund money laundering case, the Enforcement Directorate on Sunday said it has seized Rs 17.4 crore of shares and mutual funds and arrested its then fund manager Viresh Joshi. A special court has remanded Joshi to ED custody till Aug 8.The proceeds of crime identified by the agency so far are around Rs 200 crore, and likely to further go up substantially. "The proceeds of the fraud were laundered through multiple shell entities and bank accounts beneficially owned by ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): In a major crackdown on narcotics smuggling, officers of the Airport Commissionerate, Mumbai Customs Zone-III, have seized 14.738 kgs of suspected NDPS hydroponic weed (marijuana) valued at approximately Rs 14.73 crore during operations on Sunday. The seizures were made across Chhatrapati Shivaji Maharaj International Airport (CSMI), resulting in the arrest of one passenger, as stated in the press release. The passenger was arrested under the provi ...Read More >
New Delhi: The Enforcement Directorate (ED) on Sunday announced the arrest of Viresh Joshi, a former chief trader and fund manager at Axis Mutual Fund, under the Prevention of Money Laundering Act (PMLA). Joshi is accused of defrauding investors of approximately Rs 200 crore through "front-running" in trading activities. A special PMLA court remanded Joshi, taken into custody on Saturday, to ED custody until August 8. The agency's action follows searches conducted on August 1 across multiple lo ...Read More >
New Delhi, Aug 3 (PTI) The government has notified a new framework for the edible oil industry, imposing stricter registration and reporting requirements on producers to enhance transparency and oversight, according to an official release. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, notified on August 1 by the Ministry of Consumer Affairs, Food and Public Distribution, amends the Vegetable Oil Products Production and Availability (Regulation) Order, 20 ...Read More >
NEW DELHI: The Directorate of Enforcement (ED) has arrested Viresh Gangaram Joshi, the former fund manager of Axis Mutual Fund, in connection with a multi-crore front-running scam that allegedly defrauded investors between 2018 and 2021. A special Prevention of Money Laundering Act (PMLA) court has sent Mr. Joshi, who was taken into custody on Saturday, to ED custody till August 8, the agency said. The ED's investigation, initiated based on a December 2024 FIR from Mumbai Police, alleges that ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Railway Minister Ashwini Vaishnaw on Sunday said that India's first bullet train between Mumbai and Ahmedabad will commence operations "very soon," and it will reduce travel time between the two cities to just 2 hours and 7 minutes. Talking to reporters at the Bhavnagar terminus in Gujarat, after virtually flagging off three trains: the Ayodhya Express, Rewa-Pune Express, and Jabalpur-Raipur Express, Vaishnaw stated that the bullet train project is moving quick ...Read More >
In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in 266 pin codes acr ...Read More >
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region. In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- b ...Read More >
Leh, Aug 3 (PTI) In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in ...Read More >
Mumbai: After partnering with US-based investment powerhouse BlackRock and making its official entry into the mutual fund sector of India, businessman Mukesh Ambani's Jio Financial Services Limited has joined hands with Allianz Group to dominate the reinsurance sector in India. Both companies entered the reinsurance sector through their wholly owned subsidiary, Allianz Europe BV, with a 50:50 joint venture. In its exchange filing, JFSL informed about its latest partnership, stating that it will ...Read More >
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