The basis of allotment allows investors to ascertain if and how many shares they have been allocated. In the IPO allotment status, the number of shares allocated is also shown. For applicants who did not get shares, the company will start the refund procedure. The allotted shares will be transferred into their demat accounts. Tuesday, … Read more
Fund of funds (FoFs) that invest in overseas exchange traded funds (ETFs) will stop accepting fresh inflows from 1 April as the mutual fund industry is close to hitting its $1-billion limit to invest in overseas ETFs. However, investors can still diversify globally as some international funds have headroom to invest in international stocks. These … Read more
Hindustan Aeronautics will be supplying 6 sets of LM2500 Gas Turbines(GT) and GT Auxiliaries (GTAE), Spares, Tools for Indian Navy Next Generation Missile Vessel(NGMV) Project to Cochin Shipyard. The order by Cochin Shipyard is to be executed by Hindustan Aeronautics (HAL) between FY26 to FY29. Strong order book bodes well for Hindustan Aeronautics (HAL) in … Read more
Retail investors predominantly invest in equity mutual fundsand, as per data put out by the Association of Mutual Funds in India in December, over 95% of the assets under management (AUM) in debt mutual funds (MFs) comes from corporate entities, while over 90% of equity AUM comes from retail and HNI (high net worth individuals) … Read more