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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
India’s equity market today resembles a roller coaster that frequently stalls at the bottom. Sharp sell-offs and weeks-long losing streaks seem to have become the norm, with the benchmark Nifty 50 and the BSE Sensex down about 15% this year. But that hasn’t deterred investors from pledging their mutual funds to secure loans. In fact, the segment is witnessing double-digit growth.
It’s not a problem by itself. Loans against mutual funds are a handy way for investors to instantly access money without redeeming their investments. But a falling market changes the story. Borrowers could be forced to liquidate their investments …
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
