These 5 Mutual Funds Are Betting Big on EV Stocks

The Indian automobile industry appears set for a major transformation with a shift to electrification. Currently, the Electric Vehicle (EV) industry is at a nascent stage in India. It accounts for just 1.3% of total vehicle sales as of FY 2020-21. However, EVs are increasingly gaining acceptance. EV sales are growing rapidly, mainly in the…

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April 23, 2022 | by

Why Investors Are Pulling Out Money from Debt Mutual Funds

Debt mutual funds witnessed net outflows of Rs 1.15 lakh crore in March 2022. The category had witnessed outflows of Rs 8,274 crore in February 2022. Among the sub-categories of debt mutual fund, Liquid Fund saw the highest outflow of Rs 44,604 crore, while Overnight Fund saw outflows of Rs 12,852 crore. Corporate Bond Fund, Short Duration Fund,…

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April 14, 2022 | by

Bandhan-led Consortium to Take Over IDFC Mutual Fund: What Should Investors Do?

A consortium comprising Bandhan Financial Holdings (parent of Bandhan Bank), private equity firm ChrysCapital, and Singaporean sovereign wealth fund GIC has entered into a definitive agreement to acquire IDFC’s mutual fund business. The consortium, led by Bandhan Financial Holdings, will acquire IDFC Asset Management Company (IDFC AMC) and IDFC AMC Trustee Company for a consideration…

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April 12, 2022 | by