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Time of India
13 hours ago
- Business
- Time of India
Why are savvy HNIs turning to ETFs during market dips?
Agencies Live Events Mumbai: Savvy mutual fund investors have been buying the dips using equity Exchange-traded Funds (ETFs). Data from ETIG shows that over the past year, trading activity in ETFs on the National Stock Exchange (NSE) has seen spurts on days the Nifty has fallen more than 1%."We've consistently observed that ETF volumes spike on days when the market or the underlying index falls," says Swarup Mohanty, vice-chairman & CEO, Mirae Asset Investment Managers (India).For instance, on April 7, when Nifty fell 3.24% amid tariff hikes and backlash from China, ETFs worth ₹5,810 crore were traded on NSE. This was more than double the previous five-day average of ₹2,766 crore. Similarly, on February 28, when the Nifty 50 declined 1.86%, ETFs worth ₹2,813 crore changed hands compared with the five-day average of ₹1,585 crore. ETFs are traded like stocks and returns mirror the moves of the underlying index like Nifty or Bank largely the more informed investors, such as family offices and the affluent that are implementing this investment strategy . "Several HNIs (high networth individuals), family offices and institutions use any volatility and intraday dips to buy ETFs," says Saket Kumar, co-founder, "ETFs carry lower risk than individual stocks, making them an attractive option."Mohanty adds that these investments during market dips are being made either for the long term or for short-term tactical purposes.'Buy the dips' is a strategy where investors take advantage of short-term market declines to buy stocks or ETFs at lower prices on the belief that the decline is find ETFs cheaper compared with index funds, which are bought and sold directly by the mutual funds . The Nifty ETF carries an expense ratio as low as 5 basis points with no recurring costs. In contrast, a Nifty 50 index fund (direct plan) could charge between 5 and 20 basis ability to buy and sell immediately is a key advantage that ETFs have over index funds, where investors must wait for the day-end net asset value (NAV)."There are no exit loads in ETFs, the expense ratio is low, and investors can buy or sell during market hours, which is attracting more investors to the product," says Arun Sundaresan, head - ETF, Nippon Life India Asset Management
Indian Express
16-05-2025
- Politics
- Indian Express
Action taken in review meeting on Jan Samvad portal and Haryana CM Window complaints; executive engineer suspended
The Haryana government has started taking action against officials found responsible for delay in acting on the complaints received on the Jan Samvad portal and CM window. In a meeting chaired by Dr Saket Kumar, Additional Principal Secretary to the Chief Minister, an executive engineer was Friday placed under suspension. 'During the meeting, officials took note of a case where several instalments under the Pradhan Mantri Awas Yojana (PMAY) in urban areas were pending due to a lack of inspections by Urban Local Body (ULB) officials. Taking serious note of the issue, Dr Saket Kumar directed the department to submit the list of pending beneficiaries and ensure the prompt disbursement of payments. Orders were issued to suspend the executive engineer posted at the department's headquarters after a significant number of unresolved complaints were found in the ULB Department,' a government spokesperson said. In the meeting, a complaint from Tikri village of Karnal district came up for discussion. It involved the wrongful inclusion of an unknown woman's name in the Parivar Pehchan Patra (PPP) – the document that is required in Haryana to avail social security benefits. It was found that despite repeated efforts by the complainant, Sushil Kumar, who alleged that a woman's name was wrongly entered in his family ID card, no corrective measures were taken. 'Taking cognizance of this serious administrative lapse, directions were issued to fix responsibility, take disciplinary action against the guilty official, and also register an FIR,' the government spokesperson added. The additional deputy commissioners (ADCs) of all districts were also directed to ensure the resolution of all pending cases within a week. Additionally, a formal advisory has been issued, stating that 'any negligence in addressing complaints related to the Jan Samvad portal and CM Window will not be tolerated.' 'During the meeting, while reviewing the tenders for development works, instructions were given to quickly assess the feasibility of all pending proposals and prepare rough estimates. The tender process is to commence immediately after obtaining administrative approval. A case related to Shahabad, in which a No Due Certificate (NOC) was issued for a colony in an incorrect manner, has been recommended to the Vigilance Branch of the Chief Secretary's Office for investigation. Additionally, orders were issued to issue a charge sheet against the municipal engineer found guilty at the initial stage of the investigation,' the government spokesperson said. Friday's meeting was attended by senior officials from the ULB Department and the Citizen Resource Information Department (CRID), along with the chief minister's officers on special duty, Vivek Kalia and Rakesh Sandhu. 'Applications received directly by the chief minister during his visits or during public hearings held at Sant Kabir Kutir (Haryana CM's residence in Chandigarh) are uploaded to the Jan Samvad portal. The progress of these cases is personally reviewed by the chief minister on a weekly basis,' Kalia said.
Time of India
14-05-2025
- Time of India
Man arrested for ‘sexually assaulting' 5-yr-old in Patna
Patna: A 42-year-old man was arrested on Wednesday for allegedly sexually assaulting his tenant's five-year-old daughter in Patna over the past several days, said police. A case has been lodged against the accused under various sections of BNS and the Pocso Act on the basis of the statement of the girl's father. He has been sent to judicial to the local police, the latest incident of the sexual assault by the landlord took place on Sunday while she was playing in the house. The minor later told her parents that the perpetrator had been showing her inappropriate content on his cellphone while repeatedly assaulting her over the past several days, according to the statement of the father. "Initially, the child remained silent out to fear, but when her mother noticed her discomfort, she revealed everything. The father mentioned that these incidents occurred when his daughter went to play on the terrace," said a police superintendent of police Saket Kumar said the child's statement has been recorded. "She revealed that the accused was abusing her for some time, but she was unable to express it out of fear. The case has been registered under sections 8 and 12 of the Pocso Act, along with BNS. The girl's medical examination will be done," he survivor's family has been residing as tenants in the house of the accused for the last two years.
Time of India
14-05-2025
- Time of India
Man arrested for ‘sexually assaulting' 5-year-old in Patna
Patna: A 42-year-old man was arrested on Wednesday for allegedly sexually assaulting his tenant's five-year-old daughter in Patna over the past several days, said police. A case has been lodged against the accused under various sections of BNS and the Pocso Act on the basis of the statement of the girl's father. He has been sent to judicial to the local police, the latest incident of the sexual assault by the landlord took place on Sunday while she was playing in the house. The minor later told her parents that the perpetrator had been showing her inappropriate content on his cellphone while repeatedly assaulting her over the past several days, according to the statement of the father. "Initially, the child remained silent out to fear, but when her mother noticed her discomfort, she revealed everything. The father mentioned that these incidents occurred when his daughter went to play on the terrace," said a police superintendent of police Saket Kumar said the child's statement has been recorded. "She revealed that the accused was abusing her for some time, but she was unable to express it out of fear. The case has been registered under sections 8 and 12 of the Pocso Act, along with BNS. The girl's medical examination will be done," he survivor's family has been residing as tenants in the house of the accused for the last two years.
Time of India
14-05-2025
- Time of India
Man arrested for ‘sexually assaulting' tenant's five-year-old daughter in Patna
Patna: A 42-year-old man was arrested on Wednesday for allegedly sexually assaulting his tenant's five-year-old daughter in Patna over the past several days, said police. A case has been lodged against the accused under various sections of BNS and the Pocso Act on the basis of the statement of the girl's father. He has been sent to judicial to the local police, the girl was first sexually assaulted by the landlord on Sunday while she was playing in the house. The minor later told her parents that the perpetrator showed her inappropriate content on his cellphone while repeatedly assaulting her over the past several days, according to the statement of the father. "Initially, the child remained silent out to fear, but when her mother noticed her discomfort, she revealed everything. The father mentioned that these incidents occurred when his daughter went to play on the terrace," said a police superintendent of police Saket Kumar said the child's statement has been recorded. "She revealed that the accused was abusing her for some time, but she was unable to express it out of fear. The case has been registered under sections 8 and 12 of the Pocso Act, along with BNS. The girl's medical examination will be done," he survivor's family has been residing as tenants in the house of the accused for the last two years.
