Monday, October 19
Mumbai: The Indian rupee ended nearly unchanged from its previous close at 85.33 per dollar on Tuesday, after touching a peak of 84.63 during the day. The rupee gave up its gains amid dollar buying from oil companies, foreign investors and state-run banks, traders said. The rupee opened at 84.70/$1 versus 85.37 per dollar close on the previous day (Friday). The initial optimism seen in the rupee on Tuesday came on the back of US-China trade agreement and a ceasefire agreement between India and Pakistan. "A key question is what this trade deal means and where Asian currencies will stand relative to China," said MUFG Bank in a note. "This is perhaps most relevant for the likes of India, Malaysia, Vietnam and Thailand, which are most likely to be able to substitute China's exports, and where
Mumbai: Brokers are increasingly steering clients towards liquid exchange-traded funds (ETFs) to keep idle cash within their systems. Current regulations require brokers to transfer unutilised client funds back to their bank accounts at the end of every month. By encouraging investors to park this money in liquid ETFs - which trade like shares - brokers are able to avoid fund outflows and retain assets on their platforms. Over the last year, assets under management in liquid ETFs have risen 31%, from ₹17,200 crore to ₹23,550 crore.The growing popularity of liquid ETFs has prompted a flurry of new launches, especially by various brokers and financial services firms such as Angel, Mirae, Groww, Shriram, Bajaj Finserv and Zerodha. Most of these firms have both stock broking and mutual fun
As the markets display resilience amid the recent geopolitical tensions, investors remain curious if the market will hit a fresh lifetime high in the current leg of the rally? As markets continue to surge amid positive momentum, Deven Choksey, MD of DRChoksey FinServ, in an interaction with ETNow, shared his perspective on where the indices could be headed next and the sectors likely to drive the market in the coming sessions.Choksey pointed out that the direction (of the market) remains positive despite the sharp rise in the previous session and suggested that a potential correction could present fresh buying opportunities for investors.Choksey stated, "We probably would see the higher contribution into the index stocks, particularly from index stocks into the indexes," indicating that he
LIC Mutual Fund has reintroduced five of its flagship equity schemes, aiming to enhance its product offerings, attract new investors, and align with evolving market dynamics. The relaunch of ‘Funds in Focus Q1FY25’ is also expected to enhance their appeal by integrating new technologies and implementing strategies to strengthen growth potential.As of April 2025, LIC Mutual Fund manages a total of 41 schemes, comprising 15 equity funds, 9 debt funds, 6 hybrid funds, 1 solution-oriented fund and 10 ETF, index and other funds. The fund house has a robust monthly SIP inflow. Overall, AUM has seen a notable rise from Rs 33,854 crore in March 2025 to Rs 37,554 crore in April 2025, registering a growth of 11%.Also Read | Nippon India Small Cap Fund exits IndusInd Bank, Adani Wilmar, 3 other s
