Editor’s be aware: Richard Lapchick is a human rights activist, pioneer for racial equality, professional on sports activities points, scholar and writer. He is president of the Institute for Sport and Social Justice, chairman of the DeVos Sports Business Management Program on the University of Central Florida and director of the Institute for Diversity and […]Read More
KOLKATA: Life Insurance Corporation of India (LICI), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on Wednesday. The insurer has collected about Rs 87,300 crore of renewable […]Read More
Axis Mutual Fund has launched ‘Axis Global Alpha Equity Fund of Fund’ which will invest in Schroder International Selection Fund Global Equity Alpha. The fund house said it is targeting to collect up to Rs 1,500 crore from a new offering which will help domestic investors take bets in the global markets. It can be […]Read More
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have […]Read More
Shares of Orient Bell surged over 12 per cent in Monday’s early trade after bulk deal data showed that Porinju Veliyath-owned Equity Intelligence India on Friday acquired an additional 80,000 shares in the company at Rs 91.87 per share. Equity Intelligence India held 1.57 percent stake, or 2,25,000 shares, in the company at the end […]Read More
ET Intelligence Group: The current rally in the benchmark equity indices after a sharp fall in March is yet to result in a recovery in the SIP book. In July, 7.2 lakh SIP accounts were discontinued, the highest in any month since April 2016, when the Association of Mutual Funds of India (AMFI) started disclosing […]Read More
The focused funds, which take concentrated bets on few stocks, continued to attract investors’ attention despite the four-year low equity inflows in July. With an inflow of Rs 534 crore, it was the only one out of 10 equity mutual fund categories to report positive fund flow for 16 consecutive months, according to AMFI data. […]Read More
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is […]Read More
Mutual fund investors are concerned about the economic scenario caused by the Covid-19 pandemic, and its impact on their investments. Shivani Bazaz of ETMutualFunds.com reached out to A Balasubramanian, MD & CEO of Aditya Birla Sun Life Mutual Fund, for his perspective on the scenario. Bala, as he is widely known in the industry, asks […]Read More
The tables have turned in your investing universe. India has been witnessing a shift in investors’ savings from physical assets to financial assets for some time now, and Covid-19 disruption has only intensified that momentum. The recent surge in the number of new demat accounts and mutual fund folios validates this. While market watchers say […]Read More
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