 |
|
|
|||||
Shares of major AMCs and capital market firms slumped up to 10% on Wednesday after SEBI proposed a major revamp of mutual fund fee structures. HDFC AMC fell 6.4%, Nippon Life India AMC 7%, and Nuvama Wealth 9%, as investors reacted to potential cuts in expense ratios and brokerage commissions under the new proposal.
Category:
News and Media
Ace investor Sunil Singhania's Abakkus Asset Management has reshuffled its Rs 2,700 crore portfolio, adding six new stocks including All Time Plastics and Suven Life Sciences. The fund also reduced holdings in Sarda Energy & Minerals, Ion Exchange, and Rupa & Company during the September quarter.
Category:
News and Media
Indias IPO market is booming, with LG Electronics Indias $1.3 billion issue selling out in just 6.5 hours the fastest in 17 years. Driven by strong domestic participation from mutual funds, insurers, and retail investors, India is nearing last years $21 billion record. However, sky-high valuations and massive oversubscriptions raise concerns of a market correction.
Category:
News and Media
All news |
||||||||||||||||||
|
||||||||||||||||||