From Mauritius to GIFT City: Alchemy’s journey in building India’s financial hub
Alchemy Capital Management became the first fund house to migrate from Mauritius to GIFTCity, India, reflecting confidence in domestic fund management. The Alchemy India Long Term Fund focuses on high-conviction, India-dedicated equity strategies, leveraging regulatory clarity, growing ecosystem, and long-term growth potential to attract global investors.
Equity mutual funds offer up to 4% weekly gains. Check the top 10 performers
Equity mutual funds have offered up to 4% return in the last week (August 18 to August 23). There were 575 funds in the said time period, of which 461 posted positive returns. Here are the top 10 performers
Sebi clears LIC’s reclassification as public shareholder in IDBI Bank amid divestment plan
Sebi has approved LIC’s reclassification as a public shareholder in IDBI Bank, subject to conditions like capping voting rights at 10% and reducing its stake to 15% within two years. The move follows the strategic disinvestment plan, with IDBI reporting 17% YoY net profit growth in Q1 FY26.
AMFI inks pact to train postmen as MF distributors
To enhance mutual fund distribution in remote regions, Amfi partnered with the Department of Posts to train one lakh postmen. This collaboration, marked during Amfi’s 30th foundation day, aims to deepen financial literacy and broaden the reach of mutual fund products nationwide. Sebi officials and industry leaders attended the event, highlighting the initiative’s significance.
Only 2 passive mutual funds will open for subscription this week. Check details
Two passive mutual funds from SBI and Zerodha open for subscription this week: Zerodha Nifty Smallcap 100 ETF and SBI Dynamic Asset Allocation FoF, catering to different investment needs.
Trump’s Ukraine diplomacy and its ripple effect on precious metals markets
Trump’s renewed diplomatic push to end the Russia-Ukraine war has heightened uncertainty for gold and silver. A ceasefire could reduce the geopolitical premium, but failure may push bullion to new highs, with central banks and investors boosting demand amid inflation, tariffs, and currency risks.
These 11 penny stocks tumbled up to 50% in just a month — are you affected?
In the past 1-month, 11 penny stocks have seen sharp declines, falling between 20% and 50%. These underperformers were identified using a targeted screening approach, focusing on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. This strategy is […]
12 SME IPOs soared 100-400% in 2025 so far— do you own any?
In 2025, 12 standout SME IPOs delivered stellar returns of 100–400%, with Fabtech Technologies, Adcounty Media, and Flysbs Aviation among the top gainers, reflecting strong investor appetite.
Diagnostics company Molbio files DRHP with Sebi for an IPO
Molbio Diagnostics, a Goa-based POC diagnostics company, filed its DRHP to raise Rs 200 crore via fresh issue and 1.25 crore shares through OFS. Its patented ‘Truenat’ PCR platform enables rapid decentralized testing. FY25 revenue stood at Rs 1,020 crore, PAT Rs 138.5 crore. Promoters include Sriram family and Exxora Trading.