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Ease of investing, automatic asset allocation, and favorable long-term capital gains taxation are attracting investors to fund of fund (FoF) schemes. Data from AMFI shows inflows of 1,008 crore in August, reversing previous outflows. FoFs invest in a mix of mutual fund schemes rather than directly in stocks or bonds, simplifying investment decisions for many.
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Indian Renewable Energy Development Agency (IREDA) plans to raise 30,000 crore in FY25 through debt and equity. The company, which listed in November 2023, aims to fund part of this through a follow-on public offer by early next year. IREDA seeks to expand its loan book beyond 85,000 crore by the end of the current financial year.
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The U.S. dollar rose broadly on Thursday after the Federal Reserve's significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low against a basket of currencies. The Fed's move was aimed at sustaining low unemployment amid easing inflation, with further rate cuts expected in the coming years.
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News and Media
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