According to the Axis Mutual Funds monthly data report, total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period.
The report points to a clear divergence between the premium and value segments within the retail market. While the premium segment has managed to sustain its growth momentum, the value segment has shown only a modest recovery, with results varying across different companies.
Despite facing headwinds such as severe heatwaves in the northern region, heightened competitive intensity, and the impact of the upcoming general elections, most FMCG companies managed to post mid to high single-digit revenue growth.
New Delhi [India], August 21: Axis Ecorp, a pioneer in the holiday home segment, is excited to announce a strategic collaboration with FOIC and Moneytree Realty to enter the fractional ownership segment. This initiative marks a significant milestone for Axis Ecorp, offering an innovative
The credit growth in the Indian banks will continue to be more than the deposit growth, a report by the 'Axis Securities' has said while also noting that bank deposit growth will pick up in the coming quarters.
Petah Tikva [Israel], August 15: Elmo Motion Control, a global technology leader in motion control solutions, will present its latest innovations at Automation Expo in Hall 1, Booth #H34-35-36. The Automation Expo takes place from August 21 to 24, 2024, at BEC, Goregaon, Mumbai, India. Th
Mumbai (Maharashtra) [India], August 10: Axis Bank, one of the largest private sector banks in India, continues to strengthen its relationship with customers by launching the second edition of its customer-centric initiative 'Sparsh Week 2024'. During this week, commencing from August 5th to
New Delhi [India], August 8: Motorola, a global leader in mobile technology and innovation recently launched the motorola edge 50 in India. The motorola edge 50 is the latest addition to Motorola's premium category of edge smartphones and it comes with numerous disruptive features such as an
New Delhi [India], July 17: Max Life Insurance Company Ltd. ("Max Life"/ "Company") celebrates the success of its 50th Super Customer Week, highlighting its commitment to building lasting customer relationships through engaging initiatives. This special event, which took place across 350+ br
Mumbai (Maharashtra) [India], July 11: 360 ONE has announced the appointment of Raghav Iyengar as CEO designate of its asset management business (360 ONE Asset), subject to necessary approvals. Raghav comes with a rich experience of over three decades in the financial services sector. Prior
Bangalore (Karnataka) [India], July 10: Vymo recently concluded its much-anticipated event, Nudge, at the prestigious Taj Lands End in Mumbai, gathering over 300 industry leaders, experts, and visionaries from the banking and insurance sectors in India. Themed 'Change is here,' Nudge highlig
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.