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SIF AUM jumps 29% to Rs 17,858 crore in June; inflows surge 171% MoM
Specialised Investment Funds saw assets grow significantly in June 2026. Total inflows into these funds also experienced a substantial increase. Hybrid Long-Short Funds continued their dominance within the SIF segment. The broader mutual fund industry also reported healthy investor participation during the month. SIP contributions reached a record high, indicating sustained retail interest.
Avantel Profit Jumps 67% In Q1, Margin Expands 360 Basis Points On Strong Revenue Growth
Revenue from operations increased 35.7% year-on-year to Rs 70.4 crore, up from Rs 51.9 crore a year earlier, reflecting steady execution across its defence communication and wireless solutions business.
Why large cap and mid cap funds could be the best mutual fund to bet on now, according to Abakkus study - livemint.com
Why large cap and mid cap funds could be the best mutual fund to bet on now, according to Abakkus studylivemint.com
Harleys, AI PCs, premium TVs: Amazon Prime Day suggests India's premiumisation story is moving beyond metros
Amazon India's Prime Day sale revealed significant premium product demand from smaller cities. Sales of luxury beauty and grooming items saw substantial year-on-year growth. Customers also purchased larger televisions and premium motorcycles, with many buyers from tier-2 and tier-3 locations. New Prime memberships and small business participation increased outside major metropolitan areas.
Unique Picks: 7 stocks held by a single MF scheme in June; rally up to 120% in 3 months
ETMarkets identified 40 stocks held exclusively by single mutual fund schemes, with select names delivering up to 117% three-month returns while others declined sharply.
Motilal Oswal Says Credit Growth Has More Legs; ICICI Bank, HDFC Bank, SBI Among Top Bets
Motilal Oswal on banking sector
Gray skies put tourists under monsoon’s magic spell
The monsoon season is attracting many travelers to various Indian destinations. Popular spots like Goa and Kerala are seeing increased tourist footfall this year. Hill stations in Himachal and Uttarakhand also report significant growth in hotel bookings. Overseas destinations like Tajikistan are experiencing a substantial rise in travel interest. Hotels and travel brands are offering attractive deals to boost seasonal tourism.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Fino Payments Bank June update: Deposits rise 11%, loan referrals surge 3.5x
Fino Payments Bank reported an 11% year-on-year growth in deposits to ₹2,755 crore, with 3.1 lakh new accounts opened. Its loan referral business saw a 3.5x increase to ₹240 crore, but transaction throughput declined 35% due to the shift to UPI.
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.