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ICICI Bank adds most credit cards in April amid rising competition
Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. "We are focused on growing the business and growing it with the right set of customers in a profitable way," said ICICI Bank Group chief financial officer Anindya Banerjee. "We have been seeing reasonably steady new customer acquisition and would hope to see better numbers in terms of growth."

Mutual Funds Are Cutting Exit Loads — What Does It Mean, And Should Investors Care?
Exit load refers to the fee charged when investors redeem mutual fund units before a specified holding period. Traditionally, many equity schemes charged a 1% exit load if investors withdrew within one year.
Tech Mahindra Ltd soars 1.01%, Gains for third straight session
Tech Mahindra Ltd is quoting at Rs 1450, up 1.01% on the day as on 12:49 IST on the NSE. The stock is down 8.94% in last one year as compared to a 3.34% fall in NIFTY and a 22.37% fall in the Nifty IT index.

Department Of Posts Puts Mutual Fund Distribution Initiative On Hold Pending Inter-Ministerial Consultations
The hold covers the full scope of the initiative, including NISM training, examinations, EUIN registration and mutual fund distribution activities.

Direct Plan Of Mutual Funds: What Are Key Benefits And Who Should Opt For It? — Explained
Choosing between the Direct Plan and a Regular Plan of a mutual fund scheme is a personal decision.

Premier Energies Shares Extend Gains A Day After Nomura, Quant Buy Stake In Block Deals
Among the key buyers, Quant Mutual Fund acquired 40.84 lakh shares, while Nomura India Investment Fund Mother Fund purchased 25 lakh shares at Rs 955 apiece.

‘More SIP isn’t bad for us’: Deepak Shenoy says stopping mutual fund SIPs could hurt India more than FII outflows - Mint
‘More SIP isn’t bad for us’: Deepak Shenoy says stopping mutual fund SIPs could hurt India more than FII outflowsMint
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Premier Energies bulk deal: Promoters sell stake worth Rs 2,289 crore; Quant, Nomura among top buyers
Premier Energies' promoters divested shares worth nearly Rs 2,289 crore to institutional investors, including Smallcap World Fund and Quant Mutual Fund. This move coincides with heightened interest in India's solar manufacturing sector, driven by policy support and robust earnings. The company is aggressively expanding its module and cell capacities, with analysts maintaining a positive outlook.

Barbell Strategy For Fixed Income: Here's What Debt Fund Managers Use To Navigate Yield Volatility — Explained
According to Basant Bafna of Mirae Asset Mutual Fund, the 'barbell' strategy broadly involves allocating money at both ends of the duration spectrum rather than concentrating investments in the middle.

The Great Consumption Reset: How a billion Indians changed what they buy
India's consumption landscape is evolving, with consumers favouring experiences, digital services, and premium products over basic goods. Kotak Mutual Fund's report shows a surge in foreign travel spending and premium smartphone sales, indicating a shift towards higher-value purchases.

Oracle, Wipro, Tech Mahindra stocks fuel the Nifty IT index above 29,000
The Nifty IT index gained almost 1% to rise to the day's high of ₹29,177.80 apiece, with all index constituents in the green. The IT pack rose 4.31% last week, though it remains flat with a negative bias for the month so far.