As much as 73.6 percent of active fund managers of mid-/small-cap schemes underperformed the benchmark despite the S&P BSE 400 MidSmallCap Index jumping 44 percent in 2023. However, the number of large-cap equity funds beating their benchmarks improved in 2023 as only 52 percent of actively managed funds underperformed the S&P BSE 100 last year against 88 percent in 2022.
Open FlipThe National Company Law Tribunal (NCLT) on March 28 refused to deferĀ an extraordinary general meeting called by the board of directors of embattled ed-tech company Byju to raise the authorized capital to give effect to the rights issue. The tribunal has now listed the case for hearing on April 4 where other issues will be addressed too.
Open FlipShares of banks and NBFC shares like Bajaj Finance on Thursday rose to 4% after the Reserve Bank of India (RBI) relaxed rules regarding provisions for investments in Alternative Investment Funds (AIFs) by all regulated entities. Led by healthy buying seen in banks and other financial stocks, Nifty rallied over 200 points today and crossed the 22,300 level.
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