Mutual funds collect Rs 1.18 lakh cr via NFO in 2024

Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to......

HDFC AMC valuations ride on high-growth expectations

Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. Illustration: Dominic......

Two Insurers Announce Investment In Bima Sugam

New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation. IMAGE: Debasish Panda, chairman, Irdai. Photograph: ANI Photo The suspense as to the amount raised and the list......

Adani Ports to enter Sensex from June 24; Wipro to move out

Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) will replace IT major Wipro in the 30-share BSE Sensex from June 24, according to an official announcement on Friday. Photograph:......