News Overview

Mutual fund AUM edges closer to the ₹65 Trillion mark as of the end of July 2024

The 31% yoy growth in mutual fund folios in July 2024 shows that SIPs and NFOs are doing a wonderful job

The record SIP flows in July 2024 takes the average monthly SIP flows in FY25 to ₹21,467 Crore

Passive funds continue to see good traction, and this time around it is the good old equity index products

Grasim Industries, part of the Aditya Birla Group, reported a standalone net loss of ₹52.12 crore for Q1 FY24-25, despite an 11% revenue rise.

Japanese market's plunge sparks global downturn. Key lessons: diversify, avoid panic, review portfolios, understand global impacts, seek advice.

Ola Electric's IPO was oversubscribed 4.27 times, owing to a strong response from qualified institutional purchasers and retail investors.

All sectoral indices ended in the green, with auto, capital goods, IT, power, realty, PSU Bank, and media sectors rising between 1-2%.

The company declared a profit before tax (excluding exceptional items and one-time events) of ₹594 Crore (up 51%) for the quarter.

HCLSoftware Actian Data Platform witnessed significant growth in Hybrid Data Management and Integration over the previous few years.