This came following a net outflow of Rs 78,027 crore in January....
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Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the...
Amfi launches 3 initiatives to boost MF accessibility, financial literacy, investment recovery
Venkat Chalasani, Chief Executive, Amfi The MITRA (Mutual Fund...
Shining global outlook for gold in 2023
In the last one year, gold purchases in the international markets was about 4,000 tonne of which 1,400 tonne took place in the last quarter, said Emkay Global "The yellow metal has already posted over three per cent gains in the month of January, 2023. The current...
FPIs shift focus back on Indian market; invests Rs 7,600 cr in a week
It appears that the sustained selling in India witnessed from early January is over but they might sell again at higher levels, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said New Delhi: Foreign investors seem to have shifted their focus...
Equity mutual funds inflow hits 4-month high at Rs 12,546-cr in Jan on strong SIP flows
''Despite the volatility in stock markets, investors continue to repose faith in equity mutual funds, as evidenced by the Rs 12,546 crore of net inflows in January, a 72 per cent rise on month-on-month basis,'' Gopal Kavalireddi, Head of Research at FYERS said New...
Wealth Management:Ultra-rich foreigners flock to Singapore to set up family offices
Family offices are usually set up with the objective of managing the financial and investment needs of affluent families or individuals including providing financial solutions, budgeting, insurance, charitable giving, wealth transfer and succession planning, and tax...
Higher investment limit in saving schemes to help sr citizens, middle class
TV Somanathan,Finance Secretary The Budget 2023-24 raised the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh. Also, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for a...
Budget-2023-24:Sitharaman announces new savings scheme for women with 7.5% fixed interest rate for 2 years
The postal monthly income scheme also saw an enhancement of limit. In a single name, Rs 9 lakh can be invested as compared to Rs 4.5 lakh now New Delhi: Union Finance Minister Nirmala Sitharaman Wednesday announced a 'Mahila Samman Saving Certificate' with a fixed...
Budget-2023-24:No tax on income up to Rs 7 lakh, standard deduction allowed under new tax regime
Union Finance Minister Nirmala Sitharaman Sitharaman also allowed a Rs 50,000 standard deduction to taxpayers under the new regime, where assessees cannot claim deductions or exemptions on their investments She also tweaked the concessional tax regime, which was...
FPIs adopt cautious stance ahead of Budget; take out Rs 17,000 cr from equities in Jan
Overall, foreign portfolio investors (FPIs) have pulled out Rs 1.21 lakh crore from the Indian equity markets in 2022, following aggressive rate hikes by the central banks globally, particularly the US Federal Reserve, volatile crude, rising commodity prices and the...
Inflow in gold ETFs drops 90 pc in 2022; asset base, investors account grow
''A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for...
Mutual funds’ SIP collection jumps 31 pc to Rs 1.5 lakh cr in 2022 on higher retail participation
The 42-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.6 lakh crore in 2022, way higher than Rs 96,700 crore seen in 2021 The consistent monthly increase in SIP flows have helped the industry to add Rs 2.2 lakh...