Assets under management (AUM) of this equity category in FY24 soared by 1.22 lakh crore to 2.93 lakh crore from 1.7 lakh crore a year ago - the highest growth in assets under management (AUM) collected by any equity category in this period.

Nippon India Mutual Fund has changed the fund manager for its three schemes: Nippon India Small Cap Fund, Nippon India Multi Asset Fund, and Nippon India Focused Equity Fund.

The bank's operating profit for the quarter was lower at Rs 1110 crore due to 41% higher operational expenses including Rs 162 crore one-time pension-related staff cost, offsetting 15% higher net interest income at Rs 2195 crore, its highest ever.

Motilal Oswal Flexicap Fund completed a significant milestone on April 28. The fund has completed ten years of existence in the market. The fund manages assets under management (AUM) of Rs 9,660 crore.

Of the 12 NFOs, three schemes are still under their NFO period. Here is the category-wise break up of new funds launched.

Bank holidays in May 2024: Check state-wise list

The minimum SIP investment is Rs 100 and in multiples of Re 1 thereafter. The minimum lumpsum investment is Rs 500 and in multiples of Re 1 thereof.

Axis Nifty Bank Index Fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release.

A total of 1,247 shares changed hands on the counter till 01:44PM (IST)

Around 75 schemes offered negative returns in April, according to the data by ACE MF.

The new fund offer or NFO of the scheme is open for subscription and will close on May 16. The scheme will re-open for continuous subscription and redemption within five business days from the date of allotment.

A total of 12,952 shares changed hands on the counter till 10:45AM (IST).

We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you.

Around 93% of small cap mutual funds failed to beat their benchmarks in April. Only 2 out of 27 schemes managed to outperform, emphasizing the riskiness of small cap investments and the need for a high-risk appetite.

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.

Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.

Since algo trading depends hugely on quantitative models, it also presents certain challenges. Besides sophisticated computer algorithms and lightning-fast speed, a robust risk management system is also needed.

Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.

Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.

Adani Total Gas Q4 Results: PAT 71% YoY to RS 168 crore; revenue from operations rose 5% YoY to Rs 1,258 crore.

A total of 10,642 shares changed hands on the counter till 12:48PM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 7751.55.

JAPAN-STOCKS/CLOSE (UPDATE 1)Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus

The Nifty Metal Index has surged significantly since November, delivering 11.6% year-to-date returns. In comparison, the Nifty 50 and Nifty 500 have yielded 2.7% and 5.7%, respectively. Despite global headwinds, metal companies with stable cost structures can prove effective long-term bets amid strong domestic demand. Should you invest in metal stocks now?

Angel One stands to gain from Indias booming broking industry, fueled by factors like rising income, increased awareness of financial assets, smartphone penetration, digitisation, regulatory protection for retail investors, and household savings financialisation. Should you buy?