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<h2>Top News</h2>1. SEBI in a circular has introduced a new <a target="_blank" href="https://mintgenie.livemint.com/news/personal-finance/passive-funds-set-to-get-a-fresh-boost-with-sebi-s-new-diktat-151653472584388">passive ELSS scheme</a> category. Further, it laid down guidelines on how debt passive funds, ETFs and index funds should be managed.

2. Asset management companies (AMCs) launched 176 NFOs, collecting an astounding ₹1.08 lakh crore in FY 22.

3. <a target="_blank" href="https://mintgenie.livemint.com/markets">Shares of Delhivery,</a> Venus Pipes &amp; Tubes and Paradeep Phosphates got listed at a premium of 2%, 4% and 4.7% over issue price of ₹487, ₹326 and ₹42 respectively.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and <a target="_blank" href="https://kuvera.in/">kuvera.in</a>.

Weekend Wrap: Top news and market movers this week: 27 May 2022

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 27 May 2022.</li></ul>

Do not over-allocate to correlating sectors, says Arvind Kothari

This large-cap mutual fund has a massive edge over its peers. Details here

These multi-cap funds gave more than 20 percent return. Details here

Third party motor insurance to cost more from June 1; Check details for your vehicle here

Gifting as a timely tool to benefit the nextgen

Flexi-cap funds drew investors in hordes in fiscal 22, saw ₹35,877 crore inflow

AMFI asks mutual fund houses to curb work from home policies for its key executives

Govt calls off BPCL’s strategic disinvestment

Should crypto be part of your retirement accounts? 

Market Wrap: Sensex pares intra-day gains to settle over 100 points lower

The 30-share BSE index declined 100.42 points or 0.19 per cent to settle at 53,134.35. During the day, it jumped 631.16 points or 1.18 per cent to 53,865.93.

Bank of England Says Global Outlook Has ‘Deteriorated Materially’

The Bank of England said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world, posing a further downside risk in months ahead.

Vauld to be rescued? Crypto lender Nexo says plans to buy it

Nexo, which is based in London, said it would buy up to 100% of Vauld and reorganize its future operations with the aim to accelerate its deeper presence in Asia. It did not say when the deal would close.

These penny stocks defied weak market sentiment; surged over 1000% in this year 

Three penny stocks rallied over 1,000 percent in the first half of 2022 despite the ongoing volatility in the domestic equity markets.

Stock Market: Is it time to get greedy and buy shares?

<ul><li>Although there are some charts that suggests that markets may not have bottomed as yet; however, based on the past trends, they may bottom out in next few months and therefore the next 6-12 months look extremely crucial from the view of wealth creation over the next 3-4 years.</li></ul>

Weekend Wrap: Top news and market movers this week: 27 May 2022

Weekend Wrap: Top news and market movers this week: 27 May 2022