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Wood said in an interview with Bloomberg TV that Tesla's robo taxis will account for 90% of its value over that time. Tesla has initiatives in humanoid robots that Ark hasn't even factored into the price prediction, she added on the sidelines of the HSBC Global Investment Summit in Hong Kong on Tuesday.
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Bankers say a few more firms are likely to launch QIPs in the coming week as companies look to capitalise on improving market sentiment and investor appetite.
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SIPs made in this index for 8 to 15 years in this time frame have made money. In comparison, for an investor to be sure that her small cap index SIP investments did not lose money in this period, she had to continue for at least 12 years.
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The NSE Nifty advanced 0.04%, or 10.30 points, to finish at 23,668. The BSE Sensex moved 0.04%, or 32.81 points, higher at 78,017. Both indices have gained 5.15% in the previous seven trading sessions.
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Axis Asset Management Company (AMC), its Trustee, former CEO Chandresh Kumar Nigam and three other individuals have settled with Sebi a case of alleged failures in monitoring the activities of dealers, leading to the front-running of Axis Mutual Fund trades.
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