In October 2024, Mutual Funds made significant changes to their portfolios, including adding and reducing stakes in various Mid Cap stocks. During this period, stocks like Tata Chemicals, 360 One WAM, and Angel One saw increased buying, while shares in RBL Bank and CDSL were reduced. According to a report by Nuvama Wealth, here’s a … Read more
Investing in companies with order books that more than their market cap can be an attractive option for investors. This shows that the company has more contracted revenue from future orders than its current market valuation. Such scenarios are often seen in sectors like infrastructure, defense, and heavy engineering. However, investors should analyze these companies … Read more
Despite continuous declines in the stock market, October saw record investments in Equity Mutual Fund schemes. According to AMFI (Association of Mutual Funds in India) data, investors made a record investment of ₹25,323 crore through SIP, while ₹4,047 crore was invested in New Fund Offers (NFO). Benefit from Lump Sum Investments During a Market Down … Read more
Jio Financial Services: Mukesh Ambani’s company, Jio Financial Services has achieved a significant milestone. On October 29th. The company announced that it has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This permission has been granted to Jio Financial Services‘ wholly-owned subsidiary, Jio Payment Solutions Limited (JPSL). … Read more