Wealth Management
BSE investors base crosses 4 cr mark
Leading stock exchange BSE has achieved yet another milestone with its registered investors base crossing the four-crore mark today. The bourse saw its investor base increasing by 14.25 per cent over the previous year, 2.75 per cent over previous quarter and 1.03 per cent over...
Sebi to take steps to bring cost effectiveness in MFs, examine expense ratio
New Delhi: To make mutual funds more attractive for investors, Sebi will take measures to bring cost effectiveness in the sector by promoting go green initiatives through online transactions and examine the existing expense ratio applicable for various schemes. Besides, measures will be taken to...
Qatar on track to lose its world’s richest place status to Macau
Qatar Is on track to lose its status as the richest place in the world to the Chinese gambling enclave of Macau. The global casino hub’s economy will reach the equivalent of about $143,116 per person by 2020, according to projections from the International Monetary...
Over 2 lakh non-filers filed ITR in FY'18, paid Rs 6,416 cr tax
New Delhi: As many as 2.09 lakh 'non-filers' filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore, Minister of State for Finance Shiv Pratap Shukla said today. In a written reply to a question in the Rajya Sabha, he said...
Mutual funds asset base up 5% to Rs 24 lakh crore in July
Mumbai: Mutual funds' asset base rose by 5 percent to Rs 23.96 lakh crore in July-end, driven by participation from retail investors and a spirited investor awareness campaign by the industry. The asset under management (AUM) of the industry, comprising 42 players, was Rs 22.86...
Investors' richer by Rs 4.67 lakh crore in five days of market rally
An analysis of stock market data showed that the total market capitalisation (m-cap) of the BSE-listed companies jumped to Rs 1,51,44,543 crore at the end of trade today. A wealth of investors surged by Rs 4.67 lakh crore in just five trading sessions as the...
Mutual fund industry's AUM to hit Rs 100 trillion by 2025: Mahindra AMC
Mumbai: Indian mutual fund industry's assets under management (AUM) are expected to touch Rs 100 trillion by 2025, due to lower penetration of the product among households, a top Mahindra AMC official said on Thursday. At present, the mutual fund industry has an asset base...
Tycoon Mukesh Ambani set to overtake Alibaba's Jack Ma as Asia's richest
Mukesh Ambani is poised to overtake Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries to disrupt the e-commerce space in India. The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion on Friday with...
Mutual fund inflow rises 43% to Rs 1.4 lakh cr in Q1: Amfi
Mumbai: Investors have pumped Rs 1.4 lakh crore into mutual fund (MF) schemes in April-June quarter this fiscal, a surge of 43 per cent from the year-ago period, driven by strong participation from retail investors. According to Association of Mutual Funds of India (Amfi) data,...
Equity Mutual Fund inflows rise 15% in Q1 to Rs 33000 crore
Mumbai: Equity mutual funds saw inflow of nearly Rs 33,000 crore in the first quarter of the current fiscal, a surge of 15 percent year-on-year, underpinned by strong participation from retail investors, especially in small towns. In comparison, equity funds, which also include equity-linked saving...
