News for Tata Mutual Fund (TVF2D.BO)

Fintech major PhonePe has offloaded a 5% stake in geotech major MapMyIndia via an open market transaction for INR 486.03 Cr.

Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.

The Tata Nifty Midcap 150 Index Fund, a passive offering aimed at long-term investors seeking growth via mid-sized companies. The NFO is open until June 16. Benchmarking the Nifty Midcap 150 TRI, the fund offers diversified exposure to 20 sectors and aims to deliver returns mirroring the index, subject to tracking error.

63% of equity mutual funds gave negative returns in 2025 so far, with eight schemes losing over 10%. Samco Flexi Cap led the fall. ICICI Pru Large & Mid Cap Fund topped gainers with 7.7% return. Sectoral funds excluded.

Blue Chandra Pte Ltd., a subsidiary of Equity International Fund V, has exited Samhi Hotels Ltd. through a stake sale worth over Rs 150 crore. The Singapore-based investment firm sold 87.21 lakh shares, or 3.94% stake, in the company at Rs 174.3 apiece, according to NSE block deal. This takes the cumulative deal value to approximately Rs 152 crore.

Gold industry anticipates strong consumer interest during Akshaya Tritiya despite high prices, offering discounts and advance booking options.

With gold breaching Rs 1 lakh per 10 grams, Gold ETFs have outperformed Nifty ETFs in SIP returns over the past year. Axis Gold ETF led with a 54.85% XIRR, while Nifty 50 ETFs returned just 2.87–3.03%. Analysts cite central bank buying, inflation, and geopolitical tensions as key drivers, though recent outflows suggest profit-booking amid record prices.

The rally has drawn attention from notable figures like Uday Kotak and Robert Kiyosaki, while global brokerages including Goldman Sachs, UBS, and Bank of America have sharply raised their gold price forecasts.

MCX gold futures: Gold June futures on MCX surged to an all-time high of Rs 95,435 per 10 grams, fueled by safe-haven demand, macroeconomic worries, tariff tensions, and a weakening U.S. dollar.

SpiceJet will receive approximately Rs 294 crore from founder Ajay Singh, boosting the promoter group shareholding to over 33%. Singh's capital infusion aims to strengthen the airline's financial position and support growth. This follows his sale of a 1% stake and the airline's successful QIP with participation from major funds. SpiceJet has struggled with debt and missed market opportunities post-Covid.

IndusInd Bank shares plunged last week after the bank, in an internal review of its derivative portfolio, found discrepancies that could reduce its net worth by an estimated 2.35%

During the period from April 2024 to January 2025, IndusInd Bank experienced inflows of Rs 10,200 crore in mutual funds. Unfortunately, in February 2025, there was an outflow of approximately Rs 1,600 crore.

Following the recent fall, mutual fund investments in IndusInd Bank have experienced a significant decrease of over Rs 6,000 crore on March 11.

Around 19 AMCs had exposure of less than Rs 100 crore. JM Mutual Fund and HSBC Mutual Fund had exposures of Rs 86.63 crore and Rs 78.44 crore, respectively. PPFAS Mutual Fund held about 4.40 lakh shares valued at Rs 43.56 crore.

On the International Women’s Day today, Inc42 celebrates the contributions made by women leaders to the Indian startup ecosystem

Following this merger, Tata Quant Fund will be dissolved, and its unitholders will seamlessly transition to being part of Tata Flexi Cap Fund.

Low cost carrier SpiceJet reported a profit of Rs 25 crore for Q3FY25, a turnaround from a loss of Rs 301.5 crore in the same quarter last year. This marks the first time in a decade the company's net worth has been positive, reflecting the success of its financial recovery efforts.

A report by CIEL HR Services revealed a 69% increase in headcount in India's institutional investor sector, driven by market capitalisation growth. High job mobility is noted, with 25% of the workforce switching jobs. Women hold 27% of overall positions but only 14% of leadership roles. The sector's talent is highly qualified, with many holding advanced degrees.

Inox Air Products is focused on developing production capabilities for 40 gases, currently imported, that are needed for the semiconductor sector..The biggest opportunity for Inox India is in building LNG facilities.