Chase Financial News

thematic fund, sectoral fund, liquid fund, fixed maturity plan, an index fund, and overnight fund are open for subscription. After a dry spell for a short period, the NFO market is again showing some signs of revival. Should you invest in these NFOs to maximize the returns from your mutual fund portfolio? First, find out why mutual funds launch NFOs. Mutual fund houses typically launch new schemes because they want to complete their bouquet of offerings or to increase their assets under management. Sometimes, funds may have discovered an interesting theme or idea which they think may offer an opportunity to create wealth. An investor need not bother about fund houses completing their offerings or chasing AUMs. If it’s a unique idea, you should take a closer look.

Advances in AI technology are contributing to an unprecedented rise in investment fraud.

By Saeed Azhar

The recent mutiny in Russia revealed cracks in President Vladimir Putin’s regime and raised hopes in the West that his days in power were numbered. There are two reasons for caution: Autocrats have remarkable staying power and only rarely are replaced by a democratic government. Images of hundreds of heavily armed men rumbling in a convoy toward Moscow raised the possibility that the man who launched the Ukraine war and has dominated Russian politics for more than two decades could lose power.

The country’s largest banks are well positioned to weather a severe recession, according to the results of the Federal Reserve Board’s annual bank stress test.

Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further rate hikes.

Bubs Australia says its key distributor in China is seeking to claw back more than $20 million from the troubled baby formula company as refund for ageing stock sitting unsold in its warehouses.

Economies’ by Mariana Mazzucato and Rosie Collington. The authors argue that the reliance of large businesses and, even governments, on external experts weakens and undermines their competence and ability to accomplish their goals. The hired experts have no stake in the real outcomes and go through a highly practised performance and make their money.

The average sum insured in retail health insurance has also gone up from Rs.4 lakh to Rs.7 lakh for Reliance General Insurance in the past two years, Rakesh Jain, CEO, Reliance General Insurance tells ET Wealth.In the recent past, IRDAI has mandated several standardised products, such as those for mental health, surrogacy, etc. Are insurers facing any difficulty in implementing these? When it comes to product development, you need to have certain data to create a product and price it. Mental health plans or IVFs were never under the ambit of insurance, and the confidentiality of data meant that the insurance companies could not understand the risk and pricing.

Stocks on Wall Street rallied on Friday to wrap up an action-packed week, month, and quarter as signs of cooling inflation boosted hopes the Federal Reserve is approaching the end of its rate-hiking cycle.

Sensex and Nifty have hit record peak levels, some investors are still having FOMO because the stocks in their portfolios have not yet performed well enough. Sumeet Bagadia, Executive Director, of Choice Broking, says that there are opportunities in IT and pharma stocks which have yet to perform.

HDFC Chairman Deepak Parekh, who has announced his retirement, is one of those who are penny wise — as well as pound wise. When Parekh was doing his articleship in London after studying accountancy, he planned to celebrate his 21st birthday with three friends. He prepared the budget for the party: two shillings and six pence for each of the three guests. Shilling was a British coin one-twentieth of a pound which was discontinued in 1971. A shilling had 12 pence. In today's rupee terms, it translates to nearly 12.5 rupees for each. He told them that they could have whatever they wanted within that budget. But when drinks started flowing, Parekh's meticulous budget all went awry. He ended up with a 'grand' bill of 13 shillings. His friends had to shell out the difference, and, till date, they hold him to ransom for that party. That value of frugality and that strict measure of money stayed forever with Parekh. Unlike his birthday party budget, his home mortgage business, which he joined nearly a decade later, never went awry. At 78, when he is retiring from HDFC, it is merging with its arm HDFC Bank, turning into a Rs 1,600 crore financial behemoth, the second biggest company by market cap in India after Reliance Industries and the fourth biggest bank in the world.

Emmanuel Macron scrapped an official trip to Germany after nights of unrest across France. Officials said they were again deploying 45,000 police to the streets nationwide in an effort to head off a fifth night of violence. Some 2,400 people have been arrested overall since the teen's death on Tuesday.

NASCAR Cup Series street course race, which is also called Grant Park 220, is scheduled for 4:30 p.m. CT Sunday. It is being organized for the first time. The race will be held on the downtown Chicago streets around Grant Park, including Michigan Avenue. Here's what you may need to know about this race on Sunday:

London | After four days of unpredictable and head-scratching action, Australia’s pacemen Mitchell Starc and Pat Cummins ripped out England’s top order with a masterclass of textbook bowling to put their side in sight of a 2-0 Ashes lead on Saturday.

West Indies will not be part of the ODI World Cup for the first time in the history of the tournament after being eliminated from the Qualifiers — a result that plunged country's cricket to an unimaginable low, on Saturday. Coming into the do-or-die Super Six contest, West Indies, packed with some bona-fide T20 superstars, suffered an embarrassing seven-wicket defeat against Scotland after managing a modest 181 in 43.5 overs. It was an impressive show by the Scots, especially by all-rouder Brandon McMullen, who first took three wickets, and then scored a patient 69 off 106 balls to steer his side to a famous victory.

Now, with top economies seeking semi-skilled and skilled professionals to plug labour shortages, offering them extensive benefits and upgrading their standard of living, people's desire to migrate has reached an all-time high. Going by the numbers, Indians continue to chase the American dream with 7,88,284 of them relinquishing their citizenship in 2021, according to a Ministry of External Affairs data.

Consumer discretionary, realty, healthcare, automobiles, and capital goods sectors were the top five best-performing sectors in June. The S&P BSE Realty, Healthcare, and Capital Goods sectors have seen 9-10% upside in June. The S&P BSE Auto, Capital Goods, Bankex, and Industrials indices scaled record highs last month.

HDFC Bank will be the fourth most valuable bank in the world in terms of market capitalisation after the merger with mortgage lender HDFC. According to Bloomberg data, the merged entity will have a market capitalisation of $172 billion, the most after JPMorgan Chase, Industrial and Commercial Bank of China (ICBC) and Bank of America.

Brookfield Asset Management Ltd. has agreed to acquire London-listed Network International Holdings PLC for about £2.2 billion (US$2.8 billion) to expand its presence in credit card processing in the Middle East.

Financial professionals have a warning for their employers: Don’t ask me to come in to the office more often, or I’ll quit.