Representative image (Pic credit: Reuters) NEW DELHI: Markets regulator Sebi’s board on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. In a statement issued after the board meeting, Sebi said its…
Both Indian indices, the BSE sensex and Nifty 50, continued their record-breaking streak on Tuesday, marking the fourth straight session of all-time highs. The current rally was fueled by the recent interest rate reduction in the United States last week, coupled with the strong performance of domestic commodity-related companies following China’s announcement of fresh stimulus…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans.The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their…
BENGALURU: Wealthtech platform MyFi, a subsidiary of TIFIN, has launched a conversational AI assistant for long-term wealth creation. MyFi leverages research-driven, fact-based investment intelligence and AI models to generate personalized investment guidance based on the user’s investment portfolio. MyFi is registered with SEBI as a Registered Investment Advisor (RIA) and operates in strict accordance with…
Quant Mutual Fund took India’s market by storm in recent years, using computer models to generate 560% returns and boost assets by almost 400-fold. That spectacular growth is under threat in India’s latest regulatory probe. The Securities and Exchange Board of India is reviewing alleged front-running trades by Quant Mutual Fund employees, people familiar with…
