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Retail investors now own a bigger slice of smallcap companies than at the start of 2023-24 (FY24), underscoring their growing conviction about investing in this red-hot space.
Data from Capitaline shows mutual funds (MFs ) average holding in the National Stock Exchange Nifty Smallcap 250 rising to 9.26 per cent from 8.67 per cent during the first six months of FY24, with the number of companies with over 20 per cent MF holdings increasing from 24 to 28.
In comparison, MF holdings in Nifty50 companies have gone up only marginally, from 9.67 per cent to 9.75 per cent. ....
For the year ended March 31, profit was ₹21.71 crore, against ₹83.33 crore. Cholamandalam Financial Holdings Ltd. has reported a standalone profit of ₹31.97 crore for the quarter ended March 31. The company had posted a profit of ₹25.36 crore in the year-earlier quarter. For the year ended March 31, profit was ₹21.71 crore, against ₹83.33 crore. Total income for the quarter grew to ₹50.74 crore, from ₹28.66 crore in the same quarter last fiscal. Full-year profit was lower on account of lower dividend income and interest cost recognised on borrowing made for equity investment in a subsidiary, the firm said in a statement. Cholamandalam MS General Insurance Company Ltd, a subsidiary in general insurance, registered a gross written premium of ₹ 4,705 crore in FY ‘21 against ₹ 4,824 crore last year. ....