As the electorate prepares to vote in the upcoming general election to determine India's leadership for the next five years, market watchers often look for cues on how the results might sway sentiments. History shows us that election outcomes can significantly influence market movements. For instance, in 2004, the market dipped when the BJP lost power; in 2009.
Open FlipHitting a new milestone, Zerodha Fund House recorded a significant surge in its assets under management (AUM) from Rs 500 crore to Rs 1,000 crore in just 40 days. The fund house touched the asset base of Rs 500 crore on February 15. Zerodha Fund House is a joint venture between Zerodha and smallcase. It forayed into the mutual fund space with the launch of passive funds in October 2023.
Open FlipExpert View: As we draw curtains on FY24, Kunal Vora, Head of India Equity Research, BNP Paribas speaking on the market outlook said that Domestic flows have become the bedrock of Indian Equities. However, valuations are looking expensive for the market as a whole and most of the key sectors. Bond-earnings yield gap is elevated which he sees as a cautious indicator.
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