Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space

The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget......

MFDs cash in big: Commissions jump over 20% on market liftoff

Commissions paid to mutual fund distributors (MFDs) increased by over 20 per cent for most large fund houses in 2023-24 (FY24), driven by a sharp market rally and strong inflows. Illustration:......

Equity mutual funds surge to historic Rs 34,697 crore inflows in May

Unperturbed by election uncertainty, investors poured record sums into equity mutual fund (MF) schemes in May, driving India closer to a $5 trillion market capitalisation. Illustration: Dominic......

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:......