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[hfe_template id='11223'] [ad_1] IRFC Share Price 146.09 10:06 AM | 19 Nov 2024 7.81(5.65%) Suzlon Energy Share Price 62.22 10:06 AM | 19 Nov 2024 2.97(5.0%) IREDA Share Price 192.25 10:06 AM | 19 Nov 2024 4.73(2.53%) Tata Motors Share Price 788.95 10:06 AM | 19 Nov 2024 17.06(2.21%) YES Bank Share Price 19.71 10:06 AM | 19 Nov 2024 0.43(2.24%) HDFC Bank Share Price 1724.2 10:06 AM | 19 Nov 2024 19.11(1.13%) NHPC Share Price 79.67 10:06 AM | 19 Nov 2024 1.52(1.94%) RVNL Share Price 428.85 10:06 AM | 19 Nov 2024 12.66(3.04%) SBI Share Price 816.05 10:06 AM | 19 Nov 2024 1.75(0.22%) Tata Power Share Price 416.3 10:06 AM | 19 Nov 2024 11.61(2.87%) Tata Steel Share Price 141.8 10:06 AM | 19 Nov 2024 0.6(0.42%) Adani Power Share Price 536.0 10:06 AM | 19 Nov 2024 9.15(1.74%) PayTM Share Price 810.5 10:06 AM | 19 Nov 2024 26.61(3.4%) PNB Share Price 103.19 10:06 AM | 19 Nov 2024 2.66(2.65%) Zomato Share Price 271.16 10:06 AM | 19 Nov 2024 0.38(0.14%) BEL Share Price 283.2 10:0...

[hfe_template id='11223'] [ad_1] As the noise around whether Indian households are shifting savings away from low-cost bank deposits to higher-yielding mutual funds grows louder, a statistical exercise fails to show a clear correlation between the two. A time series analysis between mutual funds and bank deposits was conducted by Bank of Baroda economist Dipanwita Mazumdar using Granger causality test and Cointegration regression. The test results show no causality between mutual funds and bank deposits and the other way round as well. "Statistical exercises to show a causal relationship do not lead to concrete results. The variables are not cointegrated as well, under different iterations. A plausible explanation could be that the cycles of MF outweighing BD are transient, and a very recent phenomenon. Besides, both the variables have been growing albeit at differential rates," Mazumdar said. Statistical test results Granger Causality test from FY14-19 and FY2...

[hfe_template id='11223'] [ad_1] Thematic mutual fund scheme Mirae Asset NYSE FANG+ETF FoF-Reg(G) delivered nearly 20% returns in the January-March quarter outperforming its peers in this category in the said period. The returns were higher not just against those domestic funds which invest in Indian equities but also those which invest in overseas stocks. As per the data available with Amfi, the number of thematic funds at the end of March stood at 160 which includes global, MNC and overseas fund-of-funds. The average returns delivered by this category in the January-March quarter stood at 5.10%. Mirae Asset NYSE FANG+ETF FoF-Reg(G) is an overseas fund-of-funds (FoF) which predominantly invests in units of Mirae Asset NYSE FANG+ETF. The latter has a portfolio of stocks forming part of NYSE FANG + Index. The fund has been in inception since May 2021. It is benchmarked against S&P BSE SENSEX - TRI which has given results of 2.06%. The other top thematic MF performers ...