Equity mutual funds recorded a net addition of 19.53 lakh folios in August, taking the total to 17.32 crore. Mid cap, flexi cap, small cap, and sectoral funds led the gains, despite only four new fund launches during the month.
Markets posted modest weekly gains with 64% of BSE 500 stocks closing positive. Dilip Buildcon led gainers with 18%, while Godfrey Phillips India topped losers with 9%. Sectoral strength came from capital goods and IT, while consumer durables lagged.
Nifty extended its eight-day winning streak, reflecting a cautious but positive market outlook. Rupak De of LKP Securities recommends top stock picks for the week, including Railtel, Cochin Shipyard, and Bajaj Finance, while highlighting ITs limited upside, defence opportunities, and expiry-day market adjustments.
Gold prices have surged past $3,600 globally and 1,09,000 in India, driven by recession fears, U.S. policy uncertainty, geopolitical tensions, and shifting global power dynamics that reinforce golds role as the ultimate safe-haven asset.
Urban Company IPO closed with a massive 103.6x subscription, led by QIBs and NIIs. Allotment will be finalised on September 15, with listing on September 17. GMP stands at Rs 56, indicating a potential 54% listing gain, though actual price may vary with market sentiment.
Dev Accelerator IPO closed with a stellar 64x subscription, led by massive retail demand. Allotment will be finalised on September 15, with listing on September 17. GMP indicates a likely 16% listing gain, though the actual price may vary with market sentiment.
The GST Councils move to exempt retail health and life insurance from 18% tax will lower premiums, boost affordability, and accelerate penetration, positioning insurers for stronger growth despite short-term transition disruptions and ITC-related adjustments.
Infosys announced its biggest-ever Rs 18,000-crore share buyback, offering Rs 1,800 per share nearly an 18% premium to market price. This is its first tender-route buyback since 2017 and aligns with its capital allocation policy to return 85% of free cash flow.
Debt mutual funds saw net outflows of 7,979 crore in August 2025, reversing Julys robust inflows of 1.07 lakh crore, mainly due to liquid fund redemptions and institutional cash management ahead of advance tax payments.
Sebi has approved key reforms in the mutual fund space, slashing the maximum exit load to 3%, revising distributor incentives for B-30 cities, and introducing special incentives to boost womens participation in investments.
