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Mutual fund industry added 34 lakh folios in Q2FY23

Total number of folios went up by 2.5% QoQ and 23.7% YoY to 13.81 crore at quarter-end. Category-wise, all Open-Ended categories except Debt Oriented schemes (-0.9%) witnessed growth in September 2022 vis-àvis June 2022. 

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Before Market Opens: 9 things to know at 9 am on September 26, 2023

Indian markets are likely crash on Tuesday following losses in Asian peers as U.S. Treasury yields scaled a fresh 16-year peak to 4.552%. Meanwhile, Gift Nifty was trading 75 points lower, indicating a gap-down start to benchmark Nifty. Let's take a look at some key market cues before the opening:

NFO Alert: UTI Mutual Fund launches UTI Innovation Fund; all you need to know

UTI Mutual Fund announced the launch of UTI Innovation Fund. The scheme opened for public subscription on September 25, 2023, and will close on October 09, 2023.

Rupee falls 20 paise to close at 83.14 against US dollar

<ul><li>At the interbank foreign exchange market, the local unit opened weak at 83.04 and traded between a high of 83.04 and a low of 83.15 against the greenback.</li></ul>

Gold remains flat, silver tumbles  <span class='webrupee'>₹</span>450; check rates here

<ul><li>In the international markets, both gold and silver were down at USD 1,922 per ounce and USD 23.45 per ounce, respectively.</li></ul>

Market Wrap: Sensex, Nifty end flat in highly volatile trade amid weak global trend

Stocks

<ul><li>After gyrating 461.6 points during the day, the 30-share BSE Sensex eked out a marginal gain of 14.54 points or 0.02 per cent to settle at 66,023.69. The broader Nifty settled marginally up 0.30 points at 19,674.55.</li></ul>

Mutual fund industry added 34 lakh folios in Q2FY23

Total number of folios went up by 2.5% QoQ and 23.7% YoY to 13.81 crore at quarter-end. Category-wise, all Open-Ended categories except Debt Oriented schemes (-0.9%) witnessed growth in September 2022 vis-àvis June 2022.

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