DSP Mutual Fund acquired more than 4.96 crore shares in four...
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Despite interest surge in gold, institutional investors remain hesitant: Report
Investment-related demand for gold that increased by 170 per cent...
Growing middle class, rising financial literacy boosting India’s retail investor participation: Report
"The availability of diverse investment products, such as mutual...
Crypto criminals steal over $10bn to date, despite crypto crime slowing down
According to data presented by AltIndex.com, crypto scammers and hackers stole more than $3.5 billion of cryptos in 2022 New Delhi: Crypto criminals have stolen more than $10 billion to date, despite crypto crime slowing down, a new report said on Monday. According to...
Portfolio management industry poised for expansion; asset base to grow up to 25 pc over next 3-5 yrs: Experts
Going by Sebi data, assets under management (AUM) of the portfolio management industry stood at Rs 28.50 lakh crore at the end of June, as compared to Rs 28.07 lakh crore at the end of the preceding month. On a year-on-year basis, the total assets managed by PMs...
India Retirement Index: Urban India sees a significant upward movement
Prashant Tripathy, managing director & CEO, Max Life said, “This edition shows progress in India’s retirement preparedness, which also signals the country’s stronger economic resilience. Today's working population will be tomorrow's large, retired population. And...
Cryptoassets increase risk in developing economies: BIS study
“Cryptoassets hold out the illusory appeal of being a simple and quick solution for financial challenges” especially in emerging markets, but “have so far not reduced but rather amplified the financial risks in less developed economies,” the BIS report showed...
12% of sitting MPs of RS billionaires, highest percentage from AP, Telangana: ADR
The total assets of seven Members of Parliament (MPs) analysed from Telangana is Rs 5,596 crore, that of 11 MPs from Andhra Pradesh is Rs 3,823 crore, and 30 MPs analysed from Uttar Pradesh have total assets worth Rs 1,941 crore New Delhi: About 12 per cent of sitting...
Reliance’s financial unit to list on bourses on Aug 21
The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
Continuing the trend of outflow, the year-to-date 2023 withdrawal was at Rs 1,060 crore as compared to Rs 1,020 crore in the preceding year. This is in contrast to the infusion of Rs 1.83 lakh crore for the year to date in the overall fund market New Delhi:...
Life insurance: New CBDT rules on calculating income for policies with premium exceeding Rs 5 lakh
According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year New Delhi: The Income Tax department...
After short breather; FPIs invest in equities on global uncertainty, concerns over China
''Since the markets have rallied smartly during the last three months, some profit booking by FPIs would be rational and can be expected, ''VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said New Delhi: Foreign Portfolio Investors (FPIs)...
Inflow in mutual fund SIPs at record high of Rs 15,245 cr in July
''The surge in retail investors' interest in mutual funds has translated into impressive inflow across scheme categories. The star performer this month has been SIP, with an impressive over 33 lakh new SIP accounts registered and a record Rs 15,215 crore of monthly...