Saturday, October 03
Edelweiss Mutual Fund, led by CEO Radhika Gupta, increased its holdings in 401 stocks and reduced its stake in 117 stocks in May, according to monthly data from Prime Database.Some of the key stocks where the fund house raised its holdings include HDFC Bank, State Bank of India, Eternal, Reliance Industries, Cipla, PNB Housing Finance, L&T, Coforge, Bharti Airtel, Varun Beverages, BSE, Adani Enterprises, Bharat Forge, Oil India, REC, ITC, and IndusInd Bank, among others.Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in MayThe fund house reduced its exposure in these stocks - LIC Housing Finance, Dixon Technologies, TCS, Jio Financial Services, Vedanta, PFC, Vodafone Idea, Lupin, IRCTC, Shree Cement, MRF, Blue Star, Hindustan Zinc, Eicher Motors
Quant Mid Cap Fund added three new stocks to its portfolio in May: ITC, Lupin, and Aditya Birla Lifestyle Brands. It also made a complete exit from three stocks during the same period—Cochin Shipyard, Bharat Heavy Electricals, and Ipca Laboratories.The mid cap fund added 50 lakh shares of ITC, followed by 27.64 lakh shares of Aditya Birla Lifestyle Brands and 1.90 lakh shares of Lupin during the said period. On the other hand, the fund sold 16.78 lakh shares of Bharat Heavy Electricals from its portfolio in the same timeframe.Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy?Around 8.80 lakh shares of Cochin Shipyard and 5.26 lakh shares of Ipca Laboratories were also offloaded from the portfolio in May.The fund increased
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each of their meetings this year.Officials also downgraded their estimates for economic growth this year while lifting their forecasts for unemployment and inflation.While the median expectation for two rate cuts in 2025 didn't change, a number of officials lowered their projections. Seven officials now foresee no rate cuts this year, compared with four in March. Two others pointed to one cut this year."Uncertainty about the economic outlook has diminished but r
