News for Kotak Mahindra Mutual Fund (KTKIND4RG.BO)

India’s MF behemoth, SBI Mutual Fund, is swinging low to get more Mungerilals into the stock market via SIPs.

Kotak Mahindra Asset Management Co. became the latest to announce the launch of the 'Choti SIP' facility. The Systematic Investment Plan will be available for all eligible schemes of Kotak Mahindra Mutual Fund, it stated in a press release on Thursday.

Defence equipment manufacturer Solar Industries India on Friday announced that the firm bagged a ₹2,150 crore international defence supply export order, according to a BSE filing.

The move signifies a shift in Amazon’s investment strategy in India.

According to data from the National Stock Exchange (NSE), Amazon, via its investment arm Amazon.com NV Investment Holdings, sold approximately 44 lakh shares, or a 4% stake, in Mumbai-based Shoppers Stop. The shares were sold at an average price of Rs 627.60 each, resulting in a transaction value of Rs 275.89 crore.

Ecommerce major Amazon has exited Shoppers Stop by selling nearly 4% stake in the retail chain for INR 275.88 Cr via a block deal.

As per NSE block deal data, Omega Telecom Holdings Pvt Ltd, a Vodafone Group entity, sold 5.963 crore shares — or 2.26% — in Indus Towers at Rs 353.7 a piece, aggregating Rs 2,109.41 crore. Usha Martin Telematics Ltd, another Vodafone Group entity, sold its near 1.96 crore shares — or 0.74% in India’s second-largest tower company — also at Rs 353.7 a piece, aggregating Rs 692.28 crore.

Vodafone sold its final 3% stake in Indus Towers for Rs 2,801.7 crore. Multiple global investors purchased the shares. Vodafone will use some proceeds to repay debt. The remaining amount will be invested in Vodafone Idea. This investment will help Vodafone Idea pay its dues to Indus Towers. Vodafone Idea's financial health is crucial for Indus Towers.

NTPC Green Energy IPO raises Rs 3,960 crore from 107 anchor investors, including LIC, Goldman Sachs, and Singapore Government. IPO opens with a Rs 10,000 crore target.

Premji Invest-backed PI Opportunities Fund-I sold its entire 5.76% stake in Medplus Health Services for Rs 482 crore through large trades. The fund, controlled by Azim Premji’s Premji Foundation, divested 68.93 lakh shares at Rs 700 per share.

Fixed income mutual funds of longer duration continue to gain attractiveness amidst impending monetary easing, along with the economy's resilient macro-economic fundamentals.

Bharti Airtel: The debt will be issued in seven tranches, with anchor investors including major financial players such as JP Morgan, ICICI Prudential Mutual Fund, Barclays Merchant Bank Singapore, Nippon India Mutual Fund, SBI Mutual Fund, Kotak Mahindra Mutual Fund, Axis Mutual Fund, and Franklin Templeton Mutual Fund. Barclays and Standard Chartered Bank have been appointed as arrangers for the issuance.

In this interview, Nilesh Shah, MD at Kotak Mahindra AMC, delves into current market valuations, the rise of passive and index funds, how AI will impact the mutual fund industry and more.

Kotak Mahindra Mutual Fund has announced a change in the exit load structure of Kotak CRISIL IBX AAA Financial Services Index - Sep 2027 Fund

Sensex, Nifty updates on 8 August 2024 - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 8 August 2024

JNK India IPO listing today with strong subscription demand, poised for a potential blockbuster listing with 30% premium.

JNK India Ltd IPO oversubscribed 28 times, priced at ₹395-415, with proceeds for working capital and expansion.

JNK India Ltd's IPO closes today with 1.03x subscription, offering heating equipment for various industries.

JNK India Ltd's IPO, priced at ₹395-415, received bids for 0.49 times the offer size, catering to various industries.