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Street signs: Nifty eyes 17k-mark, poultry and aqua stocks may gain & more

The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks

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The rollover of Nifty positions stood at 83.9 per cent, higher than its quarterly average of 81.5 per cent. The high rollover figure is due to the longs built in the index at higher levels.

Chirag Madia Ashley Coutinho Sundar Sethuraman

2 min read Last Updated : Aug 29 2021 | 10:59 PM IST

Bulk investments back in equity MFs

A surge in the number of new fund offers (NFOs) over the past few months have prompted investors, especially high net-worth individuals (HNIs), to start investing lump-sum money in equity funds.

“The recent success of several NFOs indicates that HNIs and retail investors have started investing lump-sum in MF schemes. Over the past few months, we had seen huge participation only from systematic investment plans (SIPs),” said a senior official in the industry.

Recently, SBI Balanced Advantage Fund collected more than Rs 14,500 crore in its NFO, while last month ICICI

Topics : Street Signs Nifty index Equity Mutual Funds NFOs SIPs Nifty50 stock markets

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