WEEKLY FUNDING
Sectoral and thematic mutual funds lead return chart last week
The equity mutual funds have offered up to 5% return in the last week (July 1 to July 5) and sectoral/ thematic funds have topped the return chart. There were around 644 equity mutual funds in the said period. Here are the top seven funds, according to the ACE MF.
7 mutual fund NFOs to open for subscription this week
Around seven new mutual funds will be open for subscription this week. Here are the details according to the data by ACE MF.
Top startup and tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.
SBI may bank on infra bonds to raise Rs 10,000 crore next week
State Bank of India is expected to enter the debt market next week to raise up to Rs 10,000 crore via infrastructure bonds, with Bank of India likely to follow a week later to raise Rs 5,000 crore. These bonds help reduce lenders' overall funding costs as they are exempt from CRR and SLR
ETtech Deals Digest: Startup funding rises 97% YoY to $242 million this week
Startups mostly at the late and early stages, raised funds through 18 rounds, compared to 43 in the same period last year, when they raised a total of $123 million, according to data from Tracxn.
Weekly Top mid and smallcap picks: These mid and smallcap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
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ETtech Deals Digest: Startup funding soars to $748.5 million this week
Startups raised $748.5 million in the third week of June, with Mumbai-based Zepto securing $665 million. This marked an eightfold increase from the previous week. Top deals included Zepto, EKA Mobility, Wrogn, OrbitShift, and Alyve Health.
ETtech Deals Digest: Startup funding drops 28% on year to $97 million this week
Startups raised $97 million in the second week of June, a 28% decrease from last year, with Indkal Technologies accounting for 38% of the total. Top deals include Indkal Technologies, Ethereal Machines, Smartworks, Hocco, and Renee Cosmetics.
PSU mutual funds delivered upto 10% returns in week after election results
PSU-theme based mutual funds have offered an average return of 9.16% in the last one week after election results. The BSE PSU - TRI index was up 9.91% in the period, an analysis by ETMutualFunds showed.
3 mutual fund NFOs to open for subscription this week
Around three mutual fund NFOs will open for subscription this week. These three NFOs will be from Aditya Birla Sun Life Mutual Fund, Kotak Mutual Fund, and Baroda BNP Paribas Mutual Fund, according to data by ACE MF.
IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week
The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.
Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
ETtech Deals Digest: Startup funding rises 23% on year to $326 million this week
Tracxn data shows, that startups, mostly late-stage, raised funds from 16 rounds. In the same period, a year ago – June 1 to 7, 2023 – they had raised a total of $266 million. The funding winter was in full force by then, having set in from September 2022.
Beyond elections, track these 6 factors also to understand Nifty movement this week
Investors would react to not just the exit poll predictions but also India's Q4 GDP numbers which, at 7.8%, was much higher than the Street estimates. Global markets will likely react to the outcome of the PCE data in the US, the Fed's preferred gauge of inflation.
Top startup & tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed these stories.
Mahindra Manulife Manufacturing Fund & 5 other mutual fund NFOs to open for subscription this week
Six mutual fund NFOs, including JM Small Cap Fund, Zerodha Nifty 100 ETF, and Zerodha Nifty Midcap 150 ETF, open for subscription this week covering ETFs and Nifty 100 Index
6 mutual funds NFOs to open for subscription this week
Around six mutual fund NFOs will open for subscription this week. These six mutual fund NFOs are from the ETF, multi cap fund, small cap fund, and thematic fund categories, according to data from ACE MF.
ETtech Deals Digest: Startup funding plummets 88% on year to $26 million this week
Goodwater Capital emerged as the topmost investor in terms of deal volume in the latest week.
Adani Enterprises, Adani Energy Solutions to consider fund raising next week
Adani Enterprises and Adani Energy Solutions are planning to raise funds via equity through board meetings next week. Adani Enterprises previously raised Rs 12,500 crore through a QIP in May 2023.
Dollar hovers near highest in a week after hawkish Fed minutes
Ether continued to hover near Tuesday's more than two-month peak amid speculation over the potential approval of U.S. spot exchange-traded funds that would track the world's second-biggest cryptocurrency.
Two mutual fund NFOs to open for subscription this week
Around two new fund offers will open for subscription this week, according to data by ACE MF.
Dow ends above 40,000 milestone, indexes notch up weekly gains
The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.
ETtech Deals Digest: Startup funding falls 34% on year to $118 million this week
In terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially, deal value went up about 3.3X from $35.2 million to $117.6 million.
Gold prices set for second weekly gain on Fed rate outlook
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that labor market conditions remain fairly tight even as job growth is cooling.
Samco Special Opportunities Fund, and two Bajaj Finserv Mutual Fund NFOs open for subscription this week
Bajaj Finserv Multi Asset Allocation Fund and Samco Special Opportunities Fund NFOs open this week, focusing on diverse investments like equity, debt, Gold ETFs, and special situations for potential capital growth.
3 mutual fund NFOs to open for subscription this week
Three mutual fund NFOs will open for subscription this week, according to the data by ACE MF. Two NFOs will be from Bajaj Finserv Mutual Fund and one will be from Samco Mutual Fund.
IPO Calendar: Primary market to host Go Digit's highly-anticipated issue, 4 SME IPOs & 12 listings next week
Amidst a busy week in the primary market, Go Digit's highly anticipated IPO is set to launch on May 15. Despite election season, three companies raised over Rs 6,000 crore with positive response. Additionally, four SME IPOs and 12 listings are scheduled for next week.
Elon Musk’s xAI nears funding at $18 billion value soon as this week
The size of the round hasn’t been finalised, the people said, asking not to be identified as the information isn’t public. The maker of AI chatbot assistant Grok was set to raise $6 billion in the round, whose participants include Sequoia Capital, Bloomberg News has reported.
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