Nine new fund offerings are set to open for subscription this week, including eight mutual funds and one specialised investment fund (SIF). The launches span passive, thematic, contra and hybrid strategies, with minimum investments starting at Rs 100.
8th pay commission: Constituted every 10 years, pay commissions are expected to make decisions that significantly impact salaries of central government employees and pensioners, including railways and defence staff. As per usual timelines, the 8th pay commission is expected to announce its final recommendations within 18 months of being formed, by mid-2027. The move will…
Indian investors seeking exposure to overseas equities have fewer choices among conventional international mutual funds, as several schemes are not accepting fresh investments. GIFT City funds offer an alternative to international mutual funds, many of which remain closed to fresh investments after the Reserve Bank of India (RBI) imposed a $7 billion industry-wide limit on…
An eye-catching week is in store as rate-setters at the Federal Reserve, European Central Bank and Bank of Japan announce policy decisions, while investors will gauge whether results from Alphabet, Amazon and Microsoft can fuel the next leg of the AI rally. Elections in Israel and Brazil, a gathering of China’s top leadership and a…
After two years of remaining cautious on the Indian stock market, Bank of America (BofA) Securities has turned constructive on Nifty and sees 12% upside potential in the benchmark index to rally to 26,200 by the end of the year. In its latest note, BofA Securities highlighted that its earlier cautious stance that markets may…
The S&P 500 ended lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting doubts about the sustainability of Wall Street’s AI-driven rally. Chip stocks in Asia and the United States dropped after memory chip giant Samsung Electronics’ blowout earnings report failed to satisfy investors with sky-high expectations. Micron…
Foreign institutional investors (FIIs) remained net sellers in Indian equities for the 10th consecutive week, as benchmark indices extended their losses amid rising Brent crude prices, weak global cues and persistent geopolitical uncertainties. While the pace of foreign selling moderated, a sharper correction in mid- and small-cap stocks underscored the fragility of market sentiment. The…