Aside from the other systematic and unsystematic risks, investing in a mutual fund entails fund manager risk. In this post, we talk about fund manager risk and the steps to resolve it.

 Around noon on Tuesday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally higher amidst mixed global cues.The Asia Pacific markets dipped as the US president announced tariff cuts on Chinese goods. 

On Tuesday, Indian markets opened in the red amid considerable volatility, owing to mixed global cues. Nifty Bank, auto, and public sector undertakings gained ground. On Sensex, FMCG was down by 0.89 per cent, IT plunged 1.29 per cent and healthcare slipped 0.83 per cent while all other indices were somewhat higher. 

In a series of steps taken by the government of India, it announced the levy of Export Duty on Pellets Nil to 45 per cent and increased the duty on Iron Ore lumps from 30 per cent to 58 per cent. Also, an Export Duty of 15 per cent was announced on export of Pig Iron.

After ending the previous session in red, frontline index S&P BSE Sensex opened in green today. By 9.15 am, the index gained nearly 92 points, or 0.17 per cent higher than the previous close.  

Aether Industries is engaged in the manufacturing of specialty chemicals.

IHCL also aims at re-structuring its portfolio and achieve a 50:50 mix between its owned/leased and managed hotels.

On Monday, markets erased the gains in afternoon trade after not being able to recover post the export tax imposed on steel products. The benchmark indices ended marginally lower in the volatile session on Monday. 

Brooks Laboratories Ltd, Jyoti Structures Ltd and Easy Trip Planners (EaseMyTrip) Ltd witnessed positive action in today’s session.  

On Monday, the domestic equity benchmarks closed near the flat line, with a slight negative tilt. While metal equities were heavily selling, IT and auto companies ended the day in the green. Inflation concerns, impending expectations of fast interest rate rises, and a weakening global economic outlook all weighed on investors' minds.