Market capitalisation refers to the aggregate value of the company based on its current share price and the total number of outstanding shares.
These funds track the index of the market or sector where they are invested. They are not linked to any single stock, debt or company.
The company's IPO received bids for 83,33,04,538 shares against 81,23,594 shares on offer, as per data available with the BSE
Investor base of mutual funds doubling to 2.39 crore as of 30 June 2021 from 1.19 crore at the end of March 2017
IT major TCS reported its June quarter numbers which were slightly below the expectations of the market
It is only a matter of time before mutual funds become a preferred asset class compared to fixed deposits.
The Rs 963.28-crore IPO received bids for 4,67,44,067 shares as against 81,23,594 shares on offer, according to an update on the NSE
Nifty metal slipped the most, losing over 2%, followed by nifty financials. Financials continued to be major laggards as all indices lost close to 2%.
With SEBI coming out with Risk-o-meter labeling of funds, its important for investors to match their risk appetite with the fund labels
Markets regulator SEBI has imposed a total fine of nearly Rs 23 lakh on 16 entities for violation of market norms.