NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline followed weak equity market sentiments in the preceding quarter. Although market sentiment improved, it did not revive new fund offer fundraising. Established fund houses and differentiated products may still attract […]
FIIs increase PSU exposure, trim stakes in private banks
Foreign investors reduced holdings in top private banks over the past year. They increased stakes in select public sector lenders, showing a notable shift. This trend reflects closing performance gaps between public and private banking sectors. Analysts note diminished premiums for private banks as public ones improve. Investors now focus on individual bank performance rather […]