Smallcap mutual funds are equity funds that invest in small-sized companies having a market capitalisation of up to Rs 5,000 crore. Compared to funds that concentrate on larger companies, these funds are more volatile and risky, but they also seek to give investors the possibility of financial appreciation. These mutual fund mostly invests 65 per cent…
Parag Parikh Flexi Cap Fund In 10 years, Parag Parikh Flexi Cap has given a 20.92 per cent annualised return. Its assets under management (AUM) are Rs 1,03,868 crore, while its net asset value (NAV) is Rs 92.46. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 20.16 per cent since its…
HDB Financial Services, the non-banking financial arm of HDFC Bank, will launch its much-anticipated Rs 12,500 crore initial public offering (IPO) on June 25. The issue will remain open for subscription till June 27, making it the largest public issue so far in 2025 and the biggest since Hyundai Motor India’s Rs 27,000 crore IPO…
HDFC Bank has announced significant changes to its credit cards, effective July 1, 2025. One notable change is the revised lounge access policy, which is drawing attention and topping searches. The bank has announced that the complimentary lounge access on direct swipe-off is discontinued effective midnight of 09 June 2025. With effect from June 10,…