Are your arbitrage funds in trouble?
In March, Tata Mutual fund and ICICI Prudential Mutual Fund stopped inflows temporarily in their arbitrage funds. Early this week, Kotak Mutual Fund in a note to distributors said that arbitrage spreads have turned negative on the expiry day for the first time in a decade.
Rupee opens 32 paise up at 75.03 against dollar
For the day, MOSL expects the rupee (Spot) to quote in the range of 74.80 and 75.25.
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Mukesh Ambani nears deal with top sovereign funds from Middle East for Jio
Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks.
BankBazaar raises Rs 45 crore in ongoing funding round led by WSV
Including this latest round of funding, BankBazaar has now raised about $116 million, across multiple rounds.
PGIM India MF starts daily disclosure of short maturity debt portfolios
We want to try change the sentiment and hence, we have introduced this unique initiative to improve transparency and help build trust, especially on the debt side,” said Ajit Menon, CEO, PGIM India Mutual Fund.
Gold rate slips below Rs 47,000 on profit-booking
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings, rose 0.1 per cent to 1,129.28 tonnes on Tuesday.
DII equity holdings touch multi-quarter high in Jan-March
The AUM of DIIs and FIIs was Rs 20.4 lakh cr & Rs 24.4 lakh cr, respectively, in April 2020.
Trending stocks: Reliance Industries shares up over 1%
A total of 418,550 shares changed hands on the counter till 09:17AM (IST).
SBI gives Rs 3,000 crore to MSMEs in a day
According to Rajnish Kumar, chairman of SBI, the amount was disbursed to 22,000 units in the MSME sector.
LIC’s portfolio value declines by over Rs 1.7 lakh crore in Q4
Investments in several PSUs and debt-laden entities have weighed on LIC's portfolio.
Custom Furniture startup WoodenStreet raises $ 3 million in Series-A Funding from IAN Fund, RVCF
With an increase in import duties, home-grown brands can utilize such investments in building themselves up and shape a better tomorrow under the ‘Make in India’ umbrella.
Mirae Asset India launches Mirae Asset Arbitrage Fund
The fund will be benchmarked against Nifty 50 Arbitrage Index. The fund will be managed by Jignesh N. Rao and Jigar Shethia (Equity) and Mahendra Jajoo (Debt).
Gopal Agrawal leaves DSP Mutual Fund; Vinit Sambre to manage DSP Top 100, Focus Fund
DSP Mutual Fund announced that Vinit Sambre will take over as the Fund Manager of DSP Top 100 Equity Fund and DSP Focus Fund from June 1. Vinit Sambre will also manage the equity portion of DSP Regular Savings Fund and DSP Equity Savings Fund.
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