News That Matters - Snippets


Axis Mutual Fund changes fund managers of 7 funds amidst allegations

Axis mutual fund has removed two of its fund managers from 7 schemes amidst front-running allegations. SEBI has initiated a probe, and this is a developing situation. The immediate impact on investors in the affected funds can’t be ascertained until the fund house, or SEBI provides further information. None of the funds are part of the Scripbox recommendation.

index funds

Indian IT giants go one up on Dalal Street

The IT majors came out roaring with excellent Q3FY22 financial results. Considering their exposure to mutual fund portfolios across the board, this solid performance is good news for your investments and wealth. IT is also a significant employer in the country and this performance indirectly bodes well for the overall economy.

india inc positive

Optimism prevails amongst Indian biz leaders

According to a survey by ET, business leaders of India Inc are bullish about a pick-up in private investment. This combined with a PMI of 55.5 in December reflects well on the prospects of India Inc. For the prospects of your wealth, this is good news indeed.

RBL bank leadership change

Key changes take place in RBL Bank leadership, RBI steps in

While the developments at the helm of RBL bank have hit the bank’s stock price, investors can take heart from RBI’s statements and the management’s communication on the situation. We are watching the developments closely. We also believe individual fund managers are well placed to protect investor interests and take appropriate actions in their respective portfolios.


HSBC Mutual Fund acquires L&T Finance’s MF arm for Rs 3,200 Cr

The acquisition serves both HSBC AMC’s growth plans and L&T Finance’s strategic aim to strengthen its balance sheet. For investors in L&T AMC’s funds, though, little is likely to change at this stage. Fund managers and leadership remain the same. We will keep an eye on this and inform you if something fundamental changes.

Practical Insights For Wealth Creation

Our weekly finance newsletter with insights you can use

Your privacy is important to us

shriram group

Shriram consolidates group companies to create India’s largest NBFC

Shriram group’s consolidation exercise will create India’s largest NBFC, Shriram Finance Ltd. While the market has reacted negatively to this, for now, the long term impact on investor wealth is unclear. It’s definitely something we will keep our eye on and see how it all pans out.

telecom tariff

Talk is no longer cheap as prepaid tariffs hiked by major telecom players

Improving profitability is a key driver that is driving major telecom players to increase pre-paid tariffs. It is hoped that this move will do much to make the sector sustainable and financially healthy. In the long run, this move is likely to have a positive impact on investor wealth.