This is a passive fund that is relatively low cost, compared to actively managed schemes that tend to have a higher expense ratio.

“A positive thing has been the continuous SIP inflows by retail investors. So, clearly, the message that ‘timing the markets’ doesn’t work is reaching investors. This has supported Indian markets amid widespread foreign sell-off,” says Prableen Bajpai, founder, Finfix Research & Analytics

The BHARAT Bond ETF is India's first corporate bond ETF and it is an initiative of the Government of India, from the Department of Investment and Public Asset Management and the latter has given the mandate to Edelweiss Mutual Fund to design, launch and manage the product.

Online mutual funds distribution platform BSE StAR MF has surpassed its previous high to process record 2.32 crore transactions in November, clocking a growth of 10% month-on-month and 38% year-on-year.

We reached out to NJ Mutual Fund, one of the new entrants in the mutual fund industry, to find out about its journey in the last one and a half year. Rajiv Shastri, Director and CEO, NJ AMC says that 2022 was challenging and he learnt a lot.

IDFC AMC is one of the top 10 AMCs in the country with an average assets under management of over Rs 1.2 lakh crore. It has investment products across equities, fixed income, and hybrid.

Equity indices have delivered 11-12% over a long period since 1995. Should a householder invest only in equities then? Probably that would not be wise.

The regulator said the initial margin payable by the client to the stock broker should be in the form of cash, cash equivalent or equity ETFs.

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

“In order to avoid inconsistency in investment by MFs in debt instruments of an issuer, irrespective of the scheme being actively or passively managed, it has been decided to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes,” Sebi said.

Currently, credit risk-based single-issuer limits are allowed for debt exchange-traded funds to enable them to effectively manage the risk associated with such investments.

​A Systematic Investment Plan (SIP) is a mode of investment offered by mutual funds. Using this method, an investor can put in a fixed amount of money at predefined intervals in a chosen mutual fund scheme.

Foreign portfolio investors (FPIs) net bought Indian shares worth ₹1,241.57 crore on Tuesday, showed provisional data from the stock exchanges. So far this month, including Tuesday's provisional data, FPIs have purchased shares worth nearly ₹29,284 crore in the cash segment, the best in three months.

“Segments like consumer durables where the valuations have not corrected and are not reflecting the current picture of some slowdown seen in the overall consumption, the competitive pressure is very high and the inability of the companies to pass on the pricing. That is leading to margin contraction and those probably are not getting fully reflected in the valuations.”

The Quant ESG Fund is one-year old and is the topper in the category, where a few schemes like Invesco India ESG Fund, ABSL ESG Fund and Axis ESG Fund have offered negative returns in one year.

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"Equity valuations are above average and not cheap. There are pockets like banking and PSU stocks which are attractive, while consumption is expensive," said Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund.

"Debt has become an attractive asset class today because of the higher yields amid rising interest rates," said Sankaran Naren, executive director, ICICI Prudential Mutual Fund.

Union AMC today announced the inauguration of its first branch in North East in Guwahati. Union AMC is co- sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. of Japan.

An up-trending profit cycle, a likely peak in short rates in 1Q2023 and ebbing global macro risks relative to 2022 make the case for absolute upside to Indian stocks," said Morgan Stanley in a note to clients. "That said, India's relative gains may take a breather in 2023.

HSBC Asset Management (India) has said that it has completed the acquisition of L&T Investment Management for a consideration of US$ 425 million, subject to closing adjustments.

Nifty Indices linked passive funds account for 76% market share in terms of total number of equity and debt passive funds and 73% market share in terms of total Asset under Management (AUM) of equity and debt Funds in India.

The investment objective of the scheme is to seek long term capital growth by investing in allocation ranging for equities between 65-80%, fixed Income and gold ETFs at 10-25% each along with up to 10% in units of REITs and INVITs.

Alternatively, AMFI has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year.

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

While it had a track record of modest outperformance leading up to the recategorisation, it has been erratic in the past few years. Strong showing in 2020 and 2021 has been wiped away by sharp underperformance this year, hurting its long term track record. It needs to find its feet quickly to catch up with its peers.

The Securities and Exchange Board of India (Sebi) said fund houses should pay dividends to unitholders within seven days and the redemption amount should be given within three days.

The Nifty Pharma Index has grown at 9.52% annually since October 2012. For example, Rs.1,00,000 invested in the Nifty Pharma Index in 2012 would be worth Rs. 2,48,220 by the end of October 2022.

Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemption.

The industry body has also requested for various steps to be taken for the betterment of the mutual fund industry and investors and to deepen the equity market via mutual funds.

Whenever the stock market crosses a psychologically-significant mark, many investors, especially mutual fund investors, inevitably ask: Should we do something different? Sell or buy something?

The Scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI. The stock selection will be based on the “Fair Value” approach.

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The report by MOFS indicates that the slowdown in lumpsum investments has been on account of large HNIs waiting for a better entry point as the equity market is close to a new high, weakness in flows from lower-end customers in rural areas, and reduced NFO activity by large AMCs in the equity segment.

"If an investor has 100 rupees, they could probably consider investing 50-60 rupees immediately and the remaining post the budget clarity."

San Francisco-headquartered TPG Capital, one of the largest private equity (PE) firms, managing more than $120 billion in assets as of August, has been doubling down on investing in India after a cool-off period between 2012-2014.

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Silver has witnessed sharp volatility since the start of this year, marking a high of Rs 73,000 and a low of 51,500. Analysts believe that silver ETFs might gain from many global and domestic tailwinds.

According to the fund house, the scheme is suitable for investors seeking long term capital appreciation and Investment predominantly in equity and equity related securities of small cap companies.

Investors need to make the right comparisons while evaluating returns. For example, a large cap equity fund should be compared with its benchmark or another large-cap fund and not with a mid-cap or thematic fund.

Economists have factored a lower growth for the September quarter at 6.5 percent compared to 13.5 percent in the June quarter. Despite risks of a further slowdown, the Reserve Bank is still expected to deliver a 35 to 50 basis points ( one bps is 0.01 percent) rate hike to manage inflation within the mandated band of 2-6 percent.

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There were 27 schemes that have been in the market for 10 years or more. Out of these, 26 schemes offered double-digit returns.

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AMFI data shows that debt index funds have accumulated more money than equity index funds since July this year. Experts say investors have shifted to passive debt schemes because of the rate tightening and volatility in the equity markets.

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“ I am not a great fan of just jumping into something because it has done well. It is a question of where does the risk reward favour you and a large part of where risk reward favours always got to do with starting valuations being attractive. Jumping into a moving bandwagon of defence at this point of time is not my cup of tea. Maybe it fits other investors, but not my cup.”

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"Market is expecting inflation to have peaked and slow into 2023, while growth headwinds have picked up into 2023, especially in the western world," said Vikram Chopra, a fund manager with DSP Investment Managers.

The Securities and Exchange Board of India (Sebi) has amended mutual funds rules and the new norms would come into force from January 15.

The company is selling its shares in the range of Rs 548-577 apiece between November 30-December 2, with a lot size of 25 equity shares. The issue is entirely an offer-for-sale (OFS) of up to 14,481,942 equity shares.

A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.

Dharmaj Crop's IPO had a fresh issue of up to ₹216 crore and an offer for sale of 14,83,000 equity shares. Its price range was ₹216-237 a share. Dharmaj Crop has raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund.

According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.

Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.

During Q2 2022, proceeds raised from main markets equated to $4,326 million via 13 IPOs compared to 4 IPOs raising $334 million during Q3 2022, a decline of 92% in the proceeds raised and a decline of 69% in the number of deals, as per the EY IPO trends report.

The premium for the listing-bound Dharmaj Crop Guard and Uniparts India is moving higher in the unofficial market, hinting a strong listing pop for investors, if the optimism prevails for another few sessions.

With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.

The quota for retailers was subscribed 4.54 times, whereas the employees portion was booked 2.21 times. Portion for non-institutional investors fetched 3.29 times bids, and the portion for qualified institutional bidders was booked 36%.

The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.Price range for the offer is at Rs 216-237 a share.

As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore

The IPO of Uniparts India will close for subscription on Friday, December 2.

The company is selling its shares in the range of Rs 216-237 apiece between November 28-30, with a lot size of 60 equity shares. The issue comprises fresh equity shares worth Rs 216 and an offer-for-sale (OFS) of Rs 35.15 crore.

Dharmaj Crop IPO consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares.

Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows.

In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.

The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.

The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).

Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.

Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.

It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.

Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.

The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.

The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.

The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.

Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.

Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.

Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.

Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.

Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.

By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.

The IPO will include a fresh issue of shares worth up to Rs 1600 crore

Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.

The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.

According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.

The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."

KFintech is also the largest issuer solutions provider in India based on the number of clients serviced and holds a 43% market share based on the market capitalisation of NSE 500 companies and a 34% market share based on the number of clients serviced within NSE 500 companies, as on January 31, 2022.

Analysts tracking the grey market said the issue received a strong response from institutional bidders which boosted the sentiments over the issue. One can expect a mildly positive listing for the stock.Abhay Doshi, co-founder at UnlistedArena said the company received a strong response from QIB bidders which pushed the morale of investors despite aggressive pricing. "One can expect 10-15% returns on debut."

Global Health is one of the largest private multi-speciality tertiary care providers operating in North and East India. It has a network of five hospitals under 'Medanta' brand in Gurugram, Indore, Ranchi, Patna and Lucknow.Dealers tracking the grey market said the lower-than-expected response to the issue dented sentiments for the company and one should not expect any fireworks at listing.

The company's Rs 1,960 crore IPO was sold in the range of Rs 450-474 per share and received a muted investor response, just sailing through between November 9-11 as retailers and HNI investors kept off the issue, and it barely sailed through.

The company will use the IPO proceeds towards funding capital expenditure for setting-up of 25 new stores, two warehouses, financing working capital requirements of the company, repayment or pre-payment, in full or part, of certain borrowings availed by the company and general corporate purposes.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance (O&M) service providers within India, specifically the provision of O&M services for wind turbine generators.

The company is selling its shares in the range of Rs 514-541 apiece between November 14 and 16, with a lot size of 27 equity shares

Last heard, the shares of Archean Chemical were commanding a premium of around Rs 95-100 in the grey market, hinting for a strong listing pop. The premium in the unofficial market has been hovering around the same levels.

The initial public offering of Fusion Micro Finance ran between November 2-4 wherein the company sold its shares in the range of Rs 350-368 apiece to raise Rs 1,104 crore.

The portion reserved for the qualified institutional buyers was subscribed 98.47 times, while the non-institutional investor's segment saw bids of 21.21 times. The retail investor portion was subscribed 4.09 times.

In September, the Securities and Exchange Board of India (Sebi) announced it would be introducing a special confidential filing framework through which companies will be able to file offer documents privately with the market regulator and seek its comments. They needn't file any public offer document until the actual launch of the IPO. Sebi will soon publish the final guidelines on this framework.

The Dow Jones Industrial Average fell 56.2 points, or 0.16%, at the open to 34533.59

Asked if he knew whether funds were being funneled to Alamed, FTX's former chief executive officer told ABC: "I did not know that there is any improper use of customer funds."

The aggressive pace of U.S. Federal Reserve rate increases this year has sent the dollar soaring, thanks to higher U.S. benchmark yields and fears the central bank would push the U.S. economy into recession in its attempts to combat inflation.

In view of representations received from credit rating agencies, it has been decided to extend the date of applicability of the standardised industry classification till December 15, the Securities and Exchange Board of India (Sebi) said in a circular.

Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair saying the pace of U.S. interest rate hikes could be scaled back.

​​Through the sale, Softbank aims to raise Rs 1,000 crore. It is likely to sell 2.2 crore shares via block deal

"Taking into account the emergence of ETFs as an investment product with various advantages such as transparency, diversification, lower cost, etc, it has been decided to allow units of equity exchange traded funds (equity ETFs)... as an eligible security for MTF as well as an eligible collateral under MTF," Sebi said in a circular.

Chart readers said Nifty is now showing signs of running out of steam for the time being. The mark, 18,888, could be a tough resistance to cross while 18,678 could offer support in the near term.

With a market cap of Rs 17.25 lakh crore, Mukesh Ambani-led Reliance Industries is India's most valued company, followed by TCS, HDFC Bank, Infosys and ICICI Bank.

In the Nifty pack, 27 stocks closed in the green, while 22 stocks ended in the red.

In the Nifty 50 index, 27 stocks ended in the green, while 22 stocks closed in the red in today's trade.

The maiden offering of Bharat Bond ETF was launched in 2019, helping CPSEs raise Rs 12,400 crore. In the second and third tranches, it had raised Rs 11,000 crore and Rs 6,200 crore, respectively. The ETF has raised Rs 29,600 crore in its three offerings so far.

The NSE Nifty index closed 54.15 points up at 18812.5

"We forecast 10% potential upside in MSCI-China from now to end-2023," JPMorgan's analysts said in note, adding that their target for the yuan-denominated CSI-300 stocks index was a 9% rise to 4,200 points.

UPL, Eicher Motors, ICICI Bank, Cipla and Bajaj Auto were among the top losers on NSE in today's trade.

"The investors are evaluating the conditions," Mumbai-based Yes Bank said, adding that the bank and the investors will engage with the Reserve Bank of India to seek an early resolution of the conditions and get final approval.

The Nifty Auto index closed 0.3 per cent down at 13191.75.

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The Nifty Bank index closed 0.07 per cent up at 43260.65.

The 30-share BSE Sensex closed up 184.54 points at 63284.19

The 30-share BSE Sensex closed up 184.54 points at 63284.19

In the Nifty50 index, 27 stocks closed in the green, while 22 stocks ended in the red.

The 30-share BSE Sensex closed up 184.54 points at 63284.19

During the LIVE discussion, Hassan will explain how some finfluencers generate fake MTM screenshots to impress gullible younger traders on social media. The expert will explain to the audience how one can identify such fake profit claims made by some traders on social media channels.

The 30-share BSE Sensex closed up 184.54 points at 63284.19

The 30-share pack Sensex advanced 184 points to end at 63,284, while its broader peer Nifty50 ended above the 18,800 mark after touching a new peak of 18,888 in intra-day trade.

The 30-share BSE Sensex closed up 184.54 points at 63284.19

The NSE Nifty index closed 54.15 points up at 18812.5

The Nifty Realty index closed 1.98 per cent up at 459.05.

Sales of Bajaj Auto stood at 3.06 lakh units in November 2022 against 3.79 lakh units in November 2021

The Nifty Pharma index closed 0.18 per cent down at 13120.65.

Axita Cotton, HPL Electric Power, Salasar Techno Engg, Dhanlaxmi Bank and HLV Ltd., hit their fresh 52-week highs during the day.

The partially convertible rupee ended at 81.2150 per dollar, compared to its previous close of 81.4225. The currency had briefly strengthened to a two-week high of 80.99 in early trades, but gradually gave up some of those gains

“Normally in any FMCG product, as the commodity prices come down, the brand starts giving better margins and that holds true for us also. So when the prices go up, we are under pressure to manage the market share. Sometimes we cannot raise prices as much as required but when it comes down, we are comfortable and are in a better position.”

“We never like or dislike a stock permanently. One has to look at the risk reward of the individual stocks. In investing, one should never say no to anything. One has to constantly keep on looking at and we have taken these two PSU names. So do not think that we do not buy PSUs. As long as we understand and see that things are in the right place and in favour, we will go for these stocks.”

Spot Gold prices in the delhi markets traded higher amid stronger physical gold demand,said Dilip Parmar, Research Analyst at HDFC Securities.

Today, the times have changed with the advent of technology, and investors from each segment are now easily able to access market technicalities, charts, data points, research reports, DRHPs, and many more with a smartphone, internet access, and an account with the broker.

A total of 24,903 shares changed hands on the counter till 02:10PM (IST).

The Relative Strength Index of the stock stood at 54.96 on Thursday.

The Relative Strength Index of the stock stood at 60.88 on Thursday.

In an exchange filing, the company said that its board of directors are scheduled to meet on Friday, December 16, to consider and approve the proposal to sub-divide or split the equity shares.Following the update, shares of the smallcap player jumped 5% to Rs 29.50 on Thursday. The stock settled at Rs 28.10 on Wednesday.

A total of 572,692 shares changed hands on the counter till 01:50PM (IST)

Shares of L&T Technology Services surged 8%, Mphasis and Persistent rose over 5%, while TCS, Tech Mahindra, Coforge, and LTI advanced over 2%.