Weekend Wrap: From Indian Overseas Bank to Bajaj Auto, top news and market movers this week: 15 September 2023

Updated: 16 Sep 2023, 12:30 PM IST
TL;DR.

From top news makers to market performance, here's the market wrap for the week ended 15 September 2023.

Open ended equity mutual funds witnessed inflows of 20,245 crore in August 2023.

Top News

  • SIP inflows jumped 25% on Y-o-Y basis to hit an all-time high of 15,814 crore in August 2023compared to inflows of 12,693 crore in August 2022.
  • Open ended equity mutual funds witnessed inflows of 20,245 crore in August 2023. The net Asset Under Management (AUM) of the overall Mutual Fund industry stood at 46.62 Lakh crore.
  • As per data released by the Ministry of Statistics India’s retail inflation moderated to 6.83% in Aug 2023 from 7.4% in July 2023. Whereas, CPI inflation stood at 4.8% in Aug 2023 from 4.9% in July 2023.
  • IPO of R R Kabel Ltd and EMS Ltd got oversubscribed by 18.7 and 76.2 times respectively.
  • HDFC AMC has launched the NFO for HDFC Pharma & Healthcare Growth Fund. The NFO closes on September 28, 2023.

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Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.in.
 

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First Published: 16 Sep 2023, 12:30 PM IST