Explainer: What is exit load in mutual funds
Exit loads are fees charged by mutual fund companies when units are redeemed before a specified period. Aimed at deterring short-term trading and encouraging long-term investments, exit loads protect fund stability and performance. Calculation involves a percentage of the redemption amount and depends on the investment holding period.
Planning to spot wealth creators in chemical space? PI Industries, Atul could give over 20% return each
India is positioning its chemical and petrochemical industry to become a global leader. The sector aims to increase its output to USD6 trillion. This growth will be driven by strategic partnerships, investments in sustainable practices, and innovation. Various states are key contributors, with policies and projects enhancing production and exports. The industry’s expansion is crucial […]
FII sell-off and market correction: Temporary dip or new trend?
Nifty index fell by over 2,000 points from its peak within a month, impacted mainly by foreign portfolio investors’ net outflows. Meanwhile, domestic investors kept investing in the market. Historically, markets often regain a significant portion of these outflows quickly, suggesting potential recovery ahead.
Nvidia to take Intel’s spot on Dow Jones Industrial Average
Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.
Wall Street closes higher as Amazon’s gains offset weak job growth
Other so-called Magnificent Seven members Meta Platforms and Microsoft also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq down on Thursday.
Sebi mulls measures to facilitate ease of doing biz for ESG Rating Providers
Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited […]
A cracker of a start to Samvat 2081: Indices climb nearly half a percent in Muhurat Trading Session
The local trader community actively participates in the Muhurat trading session, engaging in token transactions with an intent to take home profits. Making money in this hour is considered auspicious, setting the tone for the year to come.
India’s forex reserves fall by $3.5 billion
The Reserve Bank of India’s foreign exchange reserves decreased by $3.5 billion to $684.8 billion in the week ended September 25, primarily due to the central bank’s dollar sales to prevent rupee depreciation. Foreign currency assets fell significantly while gold reserves saw a rise. Outflows from Indian stocks and bonds added pressure on the rupee.
In dead-heat US polls, hedge funds hunt for trades
As the nearly deadlocked race nears, some are looking for so-called “asymmetric trades” involving bitcoin or the yuan, assets which could yield big profits if Trump wins but would not cause big losses if the wagers are wrong. “Trading the election is difficult given how tight it is,” said Edoardo Rulli, head of UBS Hedge […]
RINL’s SBI-led lender consortium to go for uniform debt rejig
Lenders have formed a consortium led by SBI to create a uniform debt resolution plan for RINL, which has been operating at one-third capacity. SBI Capital Markets is preparing the plan. RINL has missed payments and was downgraded to default category, but received a Rs 1,650 crore infusion from the government recently.