Manking Personal Finance Easy
Tata AIA Life Insurance Co Ltd today announced the launch of its Multicap Momentum Quality Index Fund, with the New Fund Offer (NFO) opening from December 24 to December 31, 2024. The fund will track the Nifty 500 Multicap Momentum Quality 50 Index. and investing in market capitalizations. The fund’s investment strategy invests 80 to…
Time: 5.30 pm, early May Place: Pitampura, north-west Delhi People wait anxiously in front of a roadside food cart. The long, long queue spills over from the pavement onto the street, leaving bikes, cars, cows and canines jostling for space on the narrow road. A few paces ahead, half a dozen vloggers are filming the…
Institutional flow in Indian equity markets will remain a driving force in the calendar year 2025 as it witnessed robust institutional flows of nearly ₹4 lakh crore in 2024, ICICI Securities expected. The institutional liquidity flow has been a cornerstone for the markets’ outperformance. It expected the Nifty index, on the higher side, to point…
The initial public offering (IPO) of Transrail Lighting Limited is expected to be the last day of public subscription on Monday, December 23. The public issue opened for bidding on Thursday, December 19. Investors in the stock market have until 5pm on Monday as the deadline for submitting applications for the public offer. Transrail Lighting’s…
The International Financial Services Centers Authority (IFSCA) has relaxed fund management rules to make it more attractive for fund managers to register with Gift IFSC. The Fund Management Entity (FME) rules allow retail schemes, non-retail schemes (alternative investment funds), investment trusts and portfolio management services. As of March 31, 2024, there were 104 FMEs registered…
Unimech Aerospace IPO: The initial public offering (IPO) of engineering solutions company Unimech Aerospace and Manufacturing Ltd will take place on Dalal Street next week. The ₹Unimech Aerospace IPO worth Rs 500 crore is a motherboard IPO and the company’s shares will be listed on both the stock exchanges – BSE and NSE. Unimech Aerospace…
The combined market valuation of all top 10 most valued companies fell by ₹4,95,061 crore last week, in line with a bearish trend in equities, with Tata Consultancy Services and Reliance Industries facing the sharpest erosion. Last week, the benchmark BSE fell 4,091.53 points or 4.98 percent. “The Indian stock market recorded its steepest weekly…
The Indian stock market is expected to close the calendar year 2024 on a strong footing, with the benchmark indices Sensex and Nifty 50 returning over 8% year-to-date (YTD), marking the ninth consecutive year of gains . However, markets have seen a sharp correction of around 11% over the past two months, pulling back from…
Markets regulator SEBI has unearthed a progressive scheme involving stock trader Sachin Bakul Dagli of PNB MetLife India Insurance Company and eight other entities, which generated illegal profits of ₹21.16 crore. The lead of these entities lasted more than three years. SEBI, through an interim order, on Friday banned Sachin Bakul Dagli and eight other…
Buy or Sell: The Indian stock market saw significant activity this week, driven by the US Federal Reserve’s decision to cut interest rates by a quarter of a percentage point, marking the third cut this year. However, Fed Chairman Jerome Powell’s indication that there would be only two quarter-point cuts in 2025 dampened market optimism….
