Some fund houses were neither able to gather critical mass of assets, nor build a distribution network
Your investment journey will have more ups and downs if you opt for a fund that offers high returns, but is also more volatile
The effort in creating customer awareness through targeted campaigns such as 'Mutual fund sahi hai' has also significantly aided the adoption of mutual funds among retail investors
The latest withdrawal is much higher than outflow of Rs 412 billion, witnessed in entire 2008, during global financial crisis
Brent crude traded around $78 levels, after gaining over 5 per cent during the week
Seek clarity for gains made in IPO share sales
Among sectoral indices, the Nifty Metal index settled 2.8% higher led by a surge in the shares of Jindal Steel & Power, NMDC and Hindalco Industries.
The stock was up 5% to Rs 881, bouncing back 7% from intra-day low of Rs 825 on the BSE.
IDBI Bank had underperformed the market by falling 41% from its recent high of Rs 84 on March 5, 2018, as compared to 3.8% rise in the S&P BSE Sensex till Thursday.
He also said the country has significant foreign exchange reserves
The stock rallied 19% to Rs 333, surging 62% from its Wednesday' low of Rs 206 after Ratnabali Investment and Aditya Goenka bought nearly 15% stakes in agrochemicals company through open market.
Since May 14, the stock gained 13% after the company reported a healthy 25% year on year jumped in its consolidated net profit and 13% growth in revenue in March quarter.
Indian lenders can hardly afford another headwind as they absorb trading losses from the past year's drop in sovereign bonds and continue to battle one of the world's worst bad-loan ratios
The stock hit 52-week low of Rs 28.85, falling 46% in past six trading sessions from Rs 53.60 on June 21, 2018.
Higher opening of the domestic equity market also propped up the rupee, forex dealers said
Thus far in the calendar year 2018, HEG (up 42%) and Graphite India (up 18%) have outperformed the S&P BSE Sensex, which 3% so far.
The world's fastest-growing major economy is relatively insulated from trade risks due to its massive domestic market and burgeoning middle class
The present regulations governing over-indebtedness applies only to NBFCs MFIs and MFIs
Morgan Stanley (MS), in a report this week, estimates IndoStar's share of retail AUM to double to 52% by FY20
Analysts at Elara Capital say Ertapenem approval gives comfort to Aurobindo's ability to grow its US business in FY19, despite the high base