Groww got the approval of the Competition Commission of India (CCI) in September 2021 to acquire Indiabulls Asset Management Company (AMC) and Indiabulls Trustee Company.
Legal workarounds around the proposals in Sebi’s consultation paper can defeat the main purpose of protecting small investors
Making gold more expensive for other currency holders, the dollar gained 0.4% to a more than three-month high after data showed China's services activity expanded at the slowest pace in eight months in August.
The Fed is likely done raising interest rates, traders bet on Friday after a jump in the U.S. unemployment rate and moderate wage growth suggested that labour market conditions were easing.
Vipul Shah, Chairman, Gem and Jewellery Export Promotion Council said that the first half of 2023 was pretty slow for the sector, but after the India international jewellery show there is growing demand into the plain and studded gold segment
Chinese dealers sold gold at $20-$38 an ounce premiums over global spot prices, after jumping to $40-$60 last week.
The human subjectivity in stock selection often leaves fundamental investing open to biases, making return outcomes just as undesirable as those that rely on statistics
The passenger, who had carried the gold worth Rs 8.9 lakh, had arrived in Trichy from Kuala Lumpur on Monday.
Commodities guru Jim Rogers learned about investing in silver from India. The country has been a great investor in silver for decades, he said
PGIM India Midcap Opportunities Fund has delivered below-average returns in the short term. However, its long-term performance has been noteworthy
Spot gold fell 0.4% to $1,910.31 per ounce by 1:44 p.m. EDT (1744 GMT). U.S. gold futures settled 0.4% lower at $1,939.90.
Spot gold was nearly unchanged at $1,917.17 per ounce by 1149 GMT, having risen about 1.5% so far this week. U.S. gold futures shed 0.1% to $1,945.20.
Silver prices have witnessed a remarkable 6% surge, captivating the attention of investors worldwide. All eyes are on the upcoming statement from the US Federal Reserve chair at Jackson Hole, a pivotal moment that could shape market trends. The dollar index has climbed to a 2-1/2 month high, exceeding 104 points.
The proposal to reinvest redemption proceeds from ETFs back into the stock market requires approval from the finance ministry.
Net collections under the small savings fund has seen a growth of around 48% on-year for the current financial year and has reached 34 percent of the Budget target for 2023-24 as of now.
Gold prices reached a three-week high amid soft PMI data from the United States and Euro Zone. The decline in US Dollar from a two-month high has bolstered buying activity. Meanwhile, silver prices have surged by 4 percent overnight and is now trading at a three-week high. The USD and Treasury Yields have retreated ahead of the Jackson Hole meeting, with industrial demand projected to rise. Notably, solar panels are expected to account for 14 percent of global silver consumption. Watch Manisha Gupta in conversation with Somsundaram PR, Regional CEO of the World Gold Council only on Commodities Corner.
Spot gold rose 1% to $1,916.20 per ounce by 2:17 p.m. EDT (1817 GMT), after hitting its highest since August 11.
The fund house already has Quantum Multi Asset Allocation Fund of Funds which has AUM of Rs 53 crore and invests in various schemes of Quantum mutual fund that feeds into gold, bond and equity funds.
The sugar sector finds itself in a delightful confluence as two significant factors align – soaring ethanol prices and the festive demand surge. Join us to explore how these dynamics are shaping the industry's landscape, with a closer look at the potential gains and impacts on both sugar and ethanol markets. Watch Manisha Gupta in conversation with Aditya Jhunjhunwala, President of the India Sugar Mills Association only on Commodities Corner.
Gold prices rebounded from a five-month low as decline of the US dollar from its two-month high supported gold's resurgence. Treasury yields in the US surged ahead of the Jackson Hole meeting from August 24 to August 26, reflecting investors' anticipation of potential policy changes.
Spot gold was up 0.2% at $1,900.30 per ounce by 0123 GMT, while U.S. gold futures rose 0.2% to $1,929.40.
Volatile stock markets and depleted household savings in the US have only led to an increase in household borrowings and credit card debt. Going forward, the consumer’s support to the US economy is expected to dwindle. To protect from such external shocks, gold is a good asset diversifier.
Franklin Templeton in April 2020 announced shutting down of the six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market.
Steel prices are edging towards a two-month low. China's rebar inventories have witnessed a remarkable 35 percent year-on-year (YoY) increase, impacting the ferrous metals sector, including steel and iron ore. We also discuss the market's response to a less-than-expected rate cut in China, alongside factors such as weak imports and real estate sector demand. A robust US Dollar, reaching a two-month high, adds to market concerns. Additionally, we analyse anticipation surrounding the Jackson Hole meeting outcome this Friday – August 25. Lastly, we highlight the upward trend in India's steel production and exports. Stay informed with our comprehensive analysis of these crucial market dynamics. Watch Commodities Corner with Manisha Gupta to know more.
A good way to diversify one’s portfolio is by investing in different categories of mutual funds according to one’s risk appetite. A balance of debt and equity can help mitigate risk.