Thu, Oct 31, 2024 4:05 PM
Reduce Laxmi Organic Industries; target of Rs 240 Prabhudas Lilladher
A Flip by Shubhangi Gupta
In a bid to ensure that the funds raised by mutual fund houses through new fund offers (NFOs) are invested faster, the Securities and Exchange Board of India (Sebi) on Wednesday proposed a timeline of 30 days from the time of allotment of units to investors. In addition, fund houses will have a window of another 30 days, if required.
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Pratik Gupta, CEO of Kotak Institutional Equities, expects foreign portfolio investment outflows from Indian markets to continue due to high valuations, slowing earnings, and rising US bond yields, with upcoming events like the US presidential election and potential Chinese economic stimulus adding to the uncertainty.
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The Indian markets are continuously dominated by the young investors, highlighted a latest report by National Stock Exchange. The report noted that the proportion of investors under the age of 30 has surged significantly over recent years, climbing from 22.9 per cent in March 2018 to a remarkable 40.0 per cent by September 2024.
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