Saturday, Dec 9 2023 | Time 08:19 Hrs(IST)
Business Economy

Small-cap funds grow to Rs 1.82 lakh cr by July end

Mumbai, Sep 11 (UNI) Asset under management (AUM) of small-cap funds in India has grown from Rs 38,820 crore as of May 2020 to Rs 1.82 lakh crore at end of July 2023, while the number of folios (individual investors) have also grown from 52 lakh to 1.16 crore during the same period.
According to AMFI data that was revealed here on Friday, net inflows in small-cap funds were Rs 4,174 crore in July, accounting for 55 per cent of the total inflows.
Many small- and mid-cap companies are benefiting from themes such as “Make in India” and “China Plus One”.
In Financial Year 2022-26 period, the domestic electronics market is expected to grow at (+) 18 per cent CAGR to USD 225 billion by FY26, fostering a robust growth cycle for the Indian electronics manufacturing services (EMS) sector.
In textiles sector, companies present in home textiles and garmenting are trying to grab the large export opportunity, a press release said here on Saturday.
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Centre bans onion export till March 2024 to keep inflation in check

Centre bans onion export till March 2024 to keep inflation in check

08 Dec 2023 | 8:38 PM

New Delhi, Dec 8 (UNI) Seeking to maintain sufficient stock of onions and keep inflation in check ahead of Lok Sabha election early next year, the government has banned exports of onions till March 2024.

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Hydro power major THDCIL signs MoU for water sports academy

08 Dec 2023 | 8:21 PM

Dehradun, Dec 8 (UNI) State-owned THDC India Ltd (THDCIL) on Friday announced the signing of a Memorandum of Understanding (MoU) with the Indian Kayaking & Canoeing Association (IKCA), Uttaranchal Olympic Association (UOA), and the Department of Yuva Kalyan and Sports, Government of Uttarakhand to set up THDCIL Water Sports High Performance Academy at Koteshwar, Tehri.

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BPCL and Tata Passenger Electric Mobility sign pact for electric chargers

08 Dec 2023 | 8:09 PM

New Delhi, Dec 8 (UNI) Bharat Petroleum Corporation Limited (BPCL) on Friday said that it has signed a pact with Tata Passenger Electric Mobility (TPEM) to set up 7,000 chargers.

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Status quo on repo rate expected : Sanyal

08 Dec 2023 | 6:54 PM

Kolkata, Dec 8 (UNI) Chief Economist and Head Research, Bandhan Bank Siddhartha Sanyal on Friday said the status quo on the repo rate by the Monetary Policy Committee (MPC) was as expected.

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Bankers, industry say RBI monetary policy on expected lines

08 Dec 2023 | 6:33 PM

New Delhi, Dec 8 (UNI) Hailing the Reserve Bank of India (RBI)'s decision to continue the pause on key lending rate, bankers and industry captains have said that stable monetary policy would support growth.

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