scorecardresearchWeekend Wrap: From Tata Motors to Bajaj Finserv; Top news and market movers this week: 13 January 2023

Weekend Wrap: From Tata Motors to Bajaj Finserv; Top news and market movers this week: 13 January 2023

Updated: 14 Jan 2023, 09:48 AM IST
TL;DR.
  • From top newsmakers to market performance, here's the market wrap for the week ended 6 January 2023.
Given the current scenario, Nifty’s fair value is seen at 19,500 by end CY23 (File Photo: PTI)

Given the current scenario, Nifty’s fair value is seen at 19,500 by end CY23 (File Photo: PTI)

Top News

1. SIP inflows jumped 20% on Y-o-Y basis to hit an all-time high of 13,573 crore in December 22 compared to inflows of 11,305 crore in December 21. Total number of SIP folios jumped to 6.12 crore in December 2022.

2. Open ended equity mutual funds witnessed inflows of 7303 crore in December 2022. The net Asset Under Management (AUM) of the Mutual Fund industry stood at 40.46 lakh crore.

3. India’s retail inflation rate eased to 5.72% in December, remaining within the tolerance level of 2 -6% for the second consecutive month.

4. India’s direct tax collections surged by 24.58% to 14.71 lakh crore till January 10, 2023 compared to 11.35 lakh crore for F.Y. 21-22.

5. Trust MF, DSP MF, HSBC AMC and ABSL MF have launched the NFOs for TrustMF Corporate Bond Fund, DSP Crisil SDL Plus G Sec Apr 2033 50:50 Index Fund, HSBC Multi Cap Fund, ABSL Multi Asset Allocation.

 

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

First Published: 14 Jan 2023, 09:48 AM IST