Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
The Singapore government has increased its stake in ICICI Bank. The government of Singapore invested Rs 1,662.71 crore in ICICI Bank's Qualified Institutional Placement (QIP) offer. This increased his stake in the bank by 11.08 per cent. The Singapore government previously held 2.12 per cent stake in ICICI Bank at the end of the last quarter, according to BSE data. After the fresh investment, its stake in the bank rose to a total of 13.2 per cent. In the information given to the stock markets, the bank said that over 4.64 crore shares were offered to the Singapore government in QIP, which is equivalent to 11.08 per cent stake of the bank. The Singapore government was the largest investor in the bank's latest QIP. ICICI Bank has raised about Rs 15,000 crore by allocating shares under QIP. In this offer, the bank issued around 41.9 crore shares at an issue price of Rs 358 per share. The bank's shares closed at Rs 361.40, down 1.81 per cent on the NSE on Friday...