Page 72 - Sip News Today

Bajaj Finserv Asset Management Limited, a wholly owned subsidiary of Bajaj Finserv Limited, has announced its presence in the investment solutions industry. Backed by one of Indias most respected and oldest brands, it offers a host of innovative products and solutions to every Indian.

The scheme will be benchmarked against Nifty 50 Arbitrage Total Return Index (TRI). The scheme will be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, and Rukun Tarachandani.

An interesting thing to note is the section that is attracting retail money the most on Dalal Street. Retail investors are overwhelmingly present in mid-and small-cap stocks, a segment that risk-taking institutional investors typically stay away from. As of June end, the top 10 companies where retail holding was the highest are Ujaas Energy, Sintex Plastics, Visagar Polytex, Antarctica, Vikas Lifecare, Urja Global, MPS Infotecnics, Ortin Laboratories, Rolta India, Reliance Capital.

According to a study by Motilal Oswal Asset Management Company, the survey found that 61% of investors have invested in at least one passive fund, citing low cost, simplicity, and market returns as the top reasons

“The surge in retail investors interest in mutual funds has translated into impressive inflows across scheme categories. The star performer this month has been Systematic Investment Plan (SIP), with an impressive 33,06,337 new SIP accounts registered and a record Rs 15,245 crore of monthly contribution. Moreover, the industrys Assets Under Management (AUM) have grown by 25% YoY, underscoring mutual funds significance in financialization of savings,” said NS Venkatesh, CEO, Associatio...

Investors continued to book profits in largecap funds, as this category saw net outflows for the third straight month in July. The net inflows last month were Rs 1,880 crore, compared to outflows of Rs 2,049.6 crore in June.

Net inflows into equity MFs in India fell to ₹7,505.32cr in July, with outflows from large cap funds. And inflows into debt schemes rebounded sharply. The trend of healthy inflows in SIPs also continued, with an all-time high of ₹15,244.73 cr contributed in July.

India Business News: What took a year for SIP mop-up a decade ago, now needs just a month. Systematic investment plan contributions crossed the Rs 15,000-crore mark for th

A Pike County man is in jail after running from police back on June 28 when a Kentucky state Trooper attempted to pull over Thomas Dakota Diamond. Rad...

A Johnson County man led Deputies on a high-speed chase before he lost control of the car he was driving and crashed. Police were attempting to questi...