Page 2 - Axis Mutual News Today

Feb 29 (PTI) Sebi on Thursday barred 12 entities, including promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate volumes and price of the companys shares.

Market regulator Securities and Exchange Board of India (SEBI) has barred 12 entities, including the promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate the volumes and price of the Companys shares since its listing.

Indian market is witnessing an expansion characterized by the arrival of new and exciting companies, a rise in investor involvement, and a notable absence of excessive valuations, according to Divam Sharma of Green Portfolio.

The break-up of net inflows this fiscal, as of 16 February, was ₹1.68 trillion into equity, ₹1.01 trillion into debt

Devang Shah of Axis Mutual Fund predicts a structural shift in demand-supply dynamics for Government bonds in 2024-25, driven by Index inclusion, FPI buying, and lower gross borrowing. He expects RBI to ease liquidity, cut rates, and lower yields. Investors can consider adding duration to their portfolios in fixed-income funds.

Fixed deposit investors should be prepared for a downward trend in interest rates. The 10-year government bond yield has already fallen and is expected to continue decreasing. Whenever interest rate starts falling, the short to medium-term FD rates will be affected first, so investors should consider booking their FDs soon.

RBI MPC announcements today: A 0.5% drop in your home loan interest rate can save you Rs 3.83 lakh if the interest rate on your Rs 50-lakh loan for 20 years comes down from 9% to 8.5%. This will give much needed relief to old home loan borrowers who have seen their interest rate rise sharply within the last 3 years.

“While we did not expect any major announcements in this budget, the lower fiscal deficit coupled with higher capex outlay will aid continued momentum of India growth story. Both of these moves are enablers for a pickup in the private capex cycle,” says Ashish Gupta, CIO, Axis Mutual Fund

Indias equity indices surged nearly 1% to new highs on Monday, with the Nifty closing above 22,000 for the first time, as IT stocks continued to propel the markets on better-than-expected third-quarter earnings.

The MD and CEO of Axis Mutual Fund says the fund house would now like to adopt a blended style of investment, and also focus on hybrid funds