Mutual funds increase exposure to banking, IT stocks amid outperformance

The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Illustration: Dominic......

After 3 years, a bureaucrat to head Sebi

Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years.......

Passive investments surge in 2024: Index fund folios double, ETFs up 40%

Index funds and exchange-traded funds (ETFs) have added a record number of investment accounts in 2024, buoyed by the sectoral and thematic investing euphoria that has spilled into the passive......

Relentless FII selling hits market sentiments; Sensex down 200 points

Equity benchmark indices Sensex and Nifty extended their downward trend to eighth day in a row on Friday as investors' sentiments were plagued due to persistent foreign fund outflows. Photograph:......