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CreditAccess Grameen surges on crossing AUM of Rs 25,000 crore CreditAccess Grameen is currently trading at Rs. 1478.05, up by 7.70 points or 0.52% from its previous closing of Rs. 1470.35 on the BSE. The scrip opened at Rs. 1477.15 and has touched a high and low of Rs. 1518.00 and Rs. 1475.80 respectively. So far 16095 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1794.40 on 11-Dec-2023 and a 52 week low of Rs. 876.10 on 31-Mar-2023. Last one week high and low of the sc...
CreditAccess Grameen surges on crossing AUM of Rs 25,000 crore
CreditAccess Grameen surges on crossing AUM of Rs 25,000 crore
Source: Accord Fintech
2024-02-26 03:01:26 pm
Mutual fund redemptions increased 39% in 2023 Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal Financial Services said in a report. Domestic MFs’ equity assets under management (AUM) rose for the 10th consecutive year to reach Rs 23.8 trillion (+43 39 per cent YoY) in CY23. The rise in AUM was fueled by an uptrend in market indices (Nifty: +20 39 per cent YoY) and higher equity...
Mutual fund redemptions increased 39% in 2023
Mutual fund redemptions increased 39% in 2023
Source: IANS
2024-01-15 12:29:13 pm
MAS Financial Services inches up on reporting 27% growth in consolidated AUM MAS Financial Services is currently trading at Rs. 895.45, up by 1.20 points or 0.13% from its previous closing of Rs. 894.25 on the BSE. The scrip opened at Rs. 902.80 and has touched a high and low of Rs. 902.80 and Rs. 895.45 respectively. So far 173 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.15 on 13-Oct-2023 and a 52 week low of Rs. 680.00 on 18-Apr-2023. Last one week high and low of the scrip st...
MAS Financial Services inches up on reporting 27% growth in consolidated AUM
MAS Financial Services inches up on reporting 27% growth in consolidated AUM
Source: Accord Fintech
2024-01-11 09:44:36 am
Monthly Update on India`s Asset Management Industry By JM Financial Institutional Securities Ltd SIPs strengthen as small and midcap schemes sustain equity flows Equity MF schemes (ex-arbitrage) inflows moderated in Nov’23 though was still robust at INR 198.3bn (vs. INR 246.6bn in Oct’23). Within equity, the inflows continue to be driven by mid cap and small cap schemes (INR 26.7bn and INR 37.0bn), though quantum of flows in small cap schemes has seen slight decline MoM in Nov’23. Arbitrage funds saw net inflows of INR 94bn (vs net inflows of INR 55bn in Oct’23...
Monthly Update on India`s Asset Management Industry By JM Financial Institutional Securities Ltd
Monthly Update on India`s Asset Management Industry By JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-12-31 11:34:38 am
Indel Money registers impressive Q2 and first half performance Indel Money, the flagship non-banking finance company (NBFC) under Indel Corporation, has announced a significant rise by 127.21% in profitability during the second quarter of the fiscal year 2023-24.The revenue for the quarter rose by 61.09% to Rs. 77.03 crore as compared to the same period in the previous year. The first half of FY24 saw the company demonstrating a stellar performance with its profitability surging by a record 568.86% buoyed by a strong AUM growth, heightened demand ...
Indel Money registers impressive Q2 and first half performance
Indel Money registers impressive Q2 and first half performance
Source: PR Agency
2023-11-27 04:28:53 pm
Investors will migrate to equity, index schemes as they become risk averse: Bank of Baroda With people becoming risk averse and aware of alternatives and willing to take risks, the migration to equity and index schemes is the pattern that would emerge, said Bank of Baroda in a report. According to the report, mutual funds have grown in stature and do compete with bank deposits. “While one can see a direct correspondence between debt schemes and bank deposits where risk-return tradeoffs are different, the migration to equity and index schemes is a reflection of the indiv...
Investors will migrate to equity, index schemes as they become risk averse: Bank of Baroda
Investors will migrate to equity, index schemes as they become risk averse: Bank of Baroda
Source: IANS
2023-11-21 05:51:46 pm
India - Canada diplomatic tension not to impact education loan NBFCs  The diplomatic tension between India and Canada will not impact the non-banking finance companies (NBFC) focused on education loans, said credit rating agency CARE Ratings.On the other hand, the rating agency expects the sector to continue to grow as students are more likely to seek alternative destinations for their education rather than postpone their academic pursuits.?The Assets Under Management (AUM) of retail education loans provided by CARE Ratings-rated specialised education loa...
India - Canada diplomatic tension not to impact education loan NBFCs
India - Canada diplomatic tension not to impact education loan NBFCs
Source: IANS
2023-10-16 04:33:57 pm