High-risk capacity individuals can invest in equity-oriented schemes, moderate risk capacity individuals can invest in a combination of equity as well as debt; proportion might differ from person to person.

The Indian equity market touched an all-time high of 18,350 on October 14, up by 30 per cent from the start of the year and 56 per cent in the last one year.

According to the report, the Department of Telecommunications (DoT) has reached out to mobile operators seeking their response on whether they want to opt for a four-year moratorium on spectrum payments and adjusted gross revenue (AGR) dues.

Dhani Services Ltd., one of India’s fastest growing transactional finance and primary healthcare platform, announced an equity raise of Rs 1,200 crores for a 9 per cent stake. Dhani is ranked at no. 3 on Google Play Store (India) in the Business category. Dhani has over 30 lac paid monthly subscriptions & 90 lac+ monthly active users.

On Wednesday, Snowman Logistics,a  provider of integrated cold chain solution to users in India, declared its quarterly results for Q2FY22. The company was able to sustain the improved performance shown during the last quarter. Most of its strategies have started delivering and expansions in Siliguri and Mumbai are commissioned.

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty IT ETF that essentially tracks Nifty IT TRI. Read on to find out more about it.

On Wednesday, Jindal Stainless (Hisar) Limited (JSHL) announced the commissioning of the 26,000 tons per annum (TPA) capacity Precision Strip Mill as part of the first phase of its latest brownfield expansion plan at its state-of-the-art Specialty Products Division (SPD). This takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA. 

On Wednesday, the benchmark indices corrected led by the expensive side of the market where valuations were stretched. Most of the sectoral indices ended in the red although PSU banks were seen holding the trend with investors inclining for value in that space.

On Wednesday, post a volatile session, headline benchmark indices Sensex and Nifty ended with losses of 0.74 per cent and 0.83 per cent. Consumer durables, metal and utility stocks saw steep corrections.

The fund house has a majority of its AUM in equity dedicated funds.