Mutual fund trends: Net equity inflows drop 19% to Rs 24,690 crore in October; SIPs, gold ETFs continue to shine

Net inflows into mutual fund equity schemes slipped nearly 19% month-on-month to Rs 24,690 crore in October, marking the third consecutive monthly decline even as retail SIP investments and gold ETFs remained resilient, data from the Association of Mutual Funds in India (Amfi) showed on Tuesday.Amfi attributed the decline in equity inflows largely to profit-booking…

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‘Envy and greed walk…’: Did Warren Buffett take a dig at Elon Musk’s $1 trillion Tesla pay package? What he said in final letter as Berkshire CEO

Warren Buffett’s comments come days after Tesla approved a $1 trillion pay package for its CEO Elon Musk. Berkshire Hathaway’s CEO Warren Buffett – widely regarded as an investment maverick – seems to have taken a subtle dig at Tesla CEO Elon Musk’s pay package. In his final shareholder letter as CEO, Warren Buffett observed…

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Markets watch: Asian stocks rise as US shutdown nears end; oil prices stay under pressure

File photo (Picture credit: AP) Asian stocks continued to climb for a second straight day on Tuesday as signs emerged that US lawmakers were close to resolving the country’s record-long government shutdown. The positive sentiment also lifted global markets, though oil prices remained subdued amid concerns about oversupply and slowing demand.At 0230 GMT, the Nikkei…

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Gold price prediction: Why are gold prices rallying again and what’s the outlook? Top levels investors should watch out for

In the very short-term, gold is expected to test the strong resistance around $4160. (AI image) Gold price prediction: Gold prices are rallying again on the hopes of US Federal Reserve rate cut expectations, and China’s gold buying. However, Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan recommends buying the…

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