The fiscal 2023-24 was undoubtedly a good year for stock markets in general, thus delivering an impressive return of 30 percent to the benchmark index of Nifty50. No wonder then the stocks and mutual funds drew investors galore. It will, therefore, not come as a surprise that a total of 185 new fund offers, or …
As millennials, it’s commonplace for us to prioritise our personal financial aspirations. However, amidst our pursuits, we must recognize the financial security of our younger siblings, who may still need to gain the maturity or resources to secure their own financial futures. Rather than solely indulging in fleeting pleasures like gadgets or social outings, we …
The Association of Mutual Funds in India (Amfi) and Boston Consulting Group (BCG) published a report in August 2019 titled Unlocking the ₹100 Trillion Opportunity. The mutual fund (MF) industry had under ₹25 trillion of assets under management (AUM) in July 2019. We have come a long way since then. The industry’s AUM has more …
Systematic Investment Plan (SIP) inflows soared to a record high of ₹18,838 crores, marking the seventh consecutive month with inflows surpassing ₹15,000 crores and the twenty-ninth consecutive month with inflows exceeding ₹10,000 crores in January 2024, according to an insights report by Geojit. This robust performance underscores the sustained confidence of investors in systematic investment …
Mumbai: Investors continued to buy equity mutual funds adding ₹21,781 crore in January, making this the 35th month of consecutive net inflows. These inflows climbed 28% from ₹16,997 crore in December. Contributions through systematic investment plans (SIP) surged to a record high of ₹18,838 crore in January higher by ₹1,228 crore than December’s ₹17,610 crore. …
My husband and I earn ₹20 lakh annually and invest ₹40,000 every month via a systematic investment plan (SIP) which I started two months ago. I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate ₹1 crore in six years for the down payment of our home. Do we …
Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration you want to remain invested for. Diversification is one of the most important techniques in financial planning and investment. It is basically not putting all your eggs in one basket and hence aims to …
Let us see how you can invest for your different financial goals. Prioritise your financial goals First, list your financial goals into short-term, medium-term, and long-term goals. You can estimate the amount you have to accumulate to reach these goals and the required timeline for each of the goals. After identifying these goals, the next …
As coffee lovers celebrate National Espresso Day, it’s a good time to learn about the surprising ways espresso can be beneficial for your health On National Espresso Day, as you savor your favorite espresso blend, take a moment to appreciate not just the delightful taste but also the potential health benefits that come with each …
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity …