Sebi directs mutual funds to deploy NFO fund within 30 days of allotment
New Delhi, Feb 27 (PTI) Markets regulator Sebi on Thursday made it mandatory for asset management companies to deploy money collected from investors through new fund offers (NFOs) within 30 days from the date of allotment of units.
At present, there is no time limit for deployment of funds.
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Read MoreSEBI introduces Specialised Investment Funds for wealthier investors with minimum Rs 10 lakh investment
The Securities and Exchange Board of India (SEBI) has introduced a new investment category dubbed the ‘specialised investment fund’ (SIF) designed for wealthier investors. This initiative, effective from April 1, requires a minimum investment of Rs 10 lakh. SEBI’s move aims to cater to investors with higher risk appetites while providing asset managers with over three years of operational history the opportunity to offer diverse investment strategies under this new category.
Read MoreUS economy grew at 2.3% annual pace from October to December, 2.8% in 2024, unchanged from government’s initial estimate
US economy grew at 2.3% annual pace from October to December, 2.8% in 2024, unchanged from government’s initial estimate
WASHINGTON — US economy grew at 2.3% annual pace from October to December, 2.8% in 2024, unchanged from government’s initial estimate.
Second estimate of US growth confirms a 2.3% annual pace expansion in fourth quarter
WASHINGTON (AP) — The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.
The outlook for 2025 is cloudier as President Donald Trump pursues trade wars,
Read MoreNVIDIA (NVDA) – Research Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for NVIDIA (NASDAQ: NVDA):
- 2/28/2025 – NVIDIA was upgraded by analysts at DZ Bank AG from a “hold” rating to a “strong-buy” rating.
- 2/27/2025 – NVIDIA had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald.
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Read MoreThe Burst
Why Is Seth Klarman Buying Dropbox?
Described by many as the next Warren Buffett, Seth Klarman is at the head of a new generation of prominent investors following a value investing strategy. Although this strategy has underperformed the market in recent years, Klarman and others like him strongly believe that value investing is still the best strategy for realizing long-term growth in the stock market.
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Read MoreThe Ivy
Time To Gamble On This Casino Stock?
Wynn Resorts (NASDAQ: WYNN) operates luxury casinos and resorts, including Wynn Las Vegas, Encore Las Vegas, Wynn Macau, Wynn Palace Cotai (Macau), and Encore Boston Harbor. It also has plans to expand its services into Japan and Australia.
Are these growth plans going to spark further growth and warrant buying the stock or is it time to sell,
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