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Best-performing Large Cap Mutual Funds in 1 year (till August 1, 2023): Direct plans of as many as 11 Large Cap schemes have given over 17% annualised returns in 1 year. The regular plans of these schemes have also given more than 15% returns to investors in this duration, as per data on the website of the Association of Mutual Funds in India (AMFI) tracked till 1st August 2023.

The interest rate for Public Provident Fund (PPF) scheme is stuck at 7.1% since April 1, 2020. While the Government has revised the interest rates of several small savings schemes in three years, it has kept the PPF interest rate unchanged.

By Kashif Anwar

Relative Strength Index (RSI) is one such powerful tool that helps gauge a stock's momentum and potential trend reversals. On August 1, StockEdge reported 25 stocks trading in the overbought zone but with declining RSI, indicating a bearish move. From this list, ETMarkets has handpicked 10 such stocks to explore further.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says “while there is a risk in the short term of flighty capital moving out of India to lock in some of those gains. But anything more than short term, India still looks fairly well positioned because of these other factors that are at play and are leading to longer-term factors.”Do you think that market was just overheated and looking for an excuse for a correction and that is what is playing out today or could there be a bigger worry that market should not just completely rub off?I would agree that markets have done incredibly well.

Canada’s population reached 40 million people earlier this year and it continues to grow.

Du Beke, a well-known judge on Strictly Come Dancing, has revealed a harrowing incident from his past where he was stabbed by his father, leading to a three-day hospital stay. The 57-year-old dancer made the shocking revelation during an appearance on Kate Garraway's Life Stories on ITV.

Tech consultant Nima Momeni will stand trial for murder in the stabbing death of Cash App founder Bob Lee, a San Francisco judge ordered Tuesday. Lee's violent death shocked the tech community as fellow executives and engineers praised his generosity, curiosity and leadership skills. He was 43 and chief product officer of cryptocurrency platform MobileCoin when he died.

health ministry has prohibited sale of two veterinary drugs-Ketoprofen and Aceclofenac. According to the notification dated July 31, the government prohibited the manufacture, sale and distribution of these drugs and their formulations. The government said that it is satisfied that the use of drug formulations containing Ketoprofen and Aceclofenac.

Angshu Mallick, CEO & MD, and Shrikant Kanhere, CFO, Adani Wilmar, in conversation with ET Now post Q1 results. Adani Wilmar reported a loss of Rs 79 crore in the June 2023 quarter and revenue was down 12%. According to Mallick, the company suffered because edible oil prices have come off very sharply and Adani Wilmar was not able to contra-hedge the local oils, particularly in India, as there is no such hedging mechanism.What impacted the performance this time around? Is there any one-off, any exceptionals that is impacting the profitability?Angshu Mallick: The good part to note is that there has been a 25% increase in volumes.

unemployment rate fell last month mainly due to increased demand for agricultural labour in rural areas with the onset of the monsoon season. According to a report published by Bloomberg citing Centre for Monitoring Indian Economy(CMIE) data for the month of July, the total joblessness rate fell to 7.95% in July, from 8.45% in June The seasonal monsoon rains have covered the entire country and it is critical as the monsoon rains water nearly half of the country's agricultural land have raised the expectations of higher production in farm products and also helping in economic growth.

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Zerodha Co-Founder Nikhil Kamath believes investors should not get carried away in a bull market if it lasted longer with low volatility. Sharing his views on Twitter, Kamath said it is it's more about not losing too much in the bad times and not making the most during the good times. "Bear markets are significantly more dramatic than bull, if this bull run has lasted longer than usual and vix(volatility index) is at a ridiculously low level, don't get carried away," Kamath wrote on Twitter.

Zerodha Co-founder Nikhi Kamath said in a tweet. In his opinion, one should not lose too much in bad times and focus on making the most during good times. "#Bear markets are significantly more dramatic than bull, if this #bull run has lasted longer than usual and vix(volatility) is at a ridiculously low level, don't get carried away...," Kamath said.

An Australian medtech start-up with plans to launch its surgical products in the United States has come across fund managers’ radars.

As Australia’s second-largest wine group and its advisers bunker down on what’s expected to be a protracted recapitalisation process, Street Talk understands American buyout group Platinum Equity is getting its ducks in a row.

yields turned Indian mutual funds (MF) into large buyers of government debt in July, with the trend expected to continue on bets that bond yields are nearing their peak, at least two fund managers said on Wednesday. «The 10-year yield moving above 7.15% has made it attractive and people want to capture this move,» said Murthy Nagarajan, head of fixed income at Tata Mutual Fund said. An increase in inflows into debt schemes allowed MFs to invest in longer term bonds, the best option to put in large sums in the debt market, Nagarajan added, saying he does not expect yields to move sharply in near future.

Fed to cut rates sooner than it currently states. A rate cut combined with higher-than-average inflation will result in a structural up move in gold prices, said Chirag Mehta and Ghazal Jain of Quantum Mutual Fund. Gold started July on a subdued note, trading near $1900 per ounce levels with the backdrop of the Fed’s hawkish hold in June. Prices gradually moved up during the month as investors stuck to bets of one final interest rate hike in July. The probability that the Fed will raise its benchmark rate by 25 basis points to a range of 5.25%-5.50% in July was above 90% for most of the month, according to Interest Rate Futures. International gold prices ended the month around 2.7% higher. Domestic prices moved up by around 2.9%. However, there was some volatility along the way. The minutes from the Fed’s June 13-14 meeting revealed that a majority of Federal Reserve officials saw the need for further interest rate hikes in 2023, given the above-target inflation and labour market resilience. Next, the US Bureau of Labor Statistics published the private sector jobs data, which showed 209,000 jobs were added in June, below the market expectation of 225,000. May's increase of 339,000 also got revised lower to 306,000. The weaker-than-expected rise in private sector jobs was positive, but the unemployment rate edged lower to 3.6% from 3.7% and the annual wage inflation stood unchanged at 4.4%, compared to analysts' estimates of 4.2%, pointing to still tight labor market conditions. These events sharply pushed 10-year Treasury yields above the 4% threshold and weighed on gold prices, which traded in the early-$1900s.

«The question really is, are you going to go either into a long consolidation or a deep direction? I think neither of those right now yet very-very clearly. All that has happened is that you have broken the 20-day average both on the Nifty and Bank Nifty which gives us another 1% to 3% kind of downside,» says Rohit Srivastava, Indiacharts.com.If I am a positional trader and I have been riding the market for a few months now, however, much compulsive trader I am on the long side suppose, one was getting completely exhausted on any fresh long ideas because everything seemed to have gone up. So, if a cut actually happens, will it make markets healthier and how severe could it be in your view, just a shallow cut or could it get deeper?It is an interesting question because if you think of yourself either as a positional trader or investor, you hope to buy at much lower levels.

Trent Ltd. traded 0.32 per cent down in Wednesday's trade at 01:49PM (IST). Around 8,369 shares changed hands on the counter.

Japanese shares slid on Wednesday to their biggest one-day percentage drop this year, as caution prevailed across Asia after a surprise cut on the U.S. credit rating weighed on sentiment. Japan's benchmark Nikkei average closed down 2.30% at 32,707.69 in its sharpest one-day drop since Dec.