Market Bizzz

“SIPs are still coming largely into mid and smallcap funds but institutional players are cautioning that move into largecaps out of mid and smallcaps. As we saw on Monday and Tuesday last week, market returns are very lumpy and a few days will give the entire year’s return. So, if you are not invested, you will miss out on that.”

“We are not too much focussed on the lower end of the spectrum or lower ticket size lenders. If you look at the construct of our portfolio, it is a very good balance between small finance banks as well as some of the B2B lenders, I mean some sector specific lenders which is very well evident in the portfolio.”

The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also has investments in various companies of ADani Group, including Adani Enterprises, which operates the Mumbai international airport.

Most of Zerodha’s AUM was added post-2020, which is one of the biggest bull markets India has seen. While equity funds saw a slowdown in the pace of inflows, investments through the systematic investment plan route hit record high in November.

The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited, Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

Bullion scaled an all-time peak of $2,135.40 on Monday on elevated bets for a cut by the U.S. Federal Reserve, before dropping more than $100 on uncertainty over the cut’s timing.

Tokyo stocks opened lower on Friday despite gains in US shares, as a stronger yen against the dollar weighed on the Japanese market. “The Japanese market is expected to start lower due to the significant appreciation of the yen,” senior market analyst Toshiyuki Kanayama of brokerage Monex said.