Monday, December 23

Tag: stocks

Mutual funds SIP investments increase 28% to Rs 2 trillion in FY24 | Mutual Fund – Top Stories
11Apr By adminNo Comments
Business

Mutual funds SIP investments increase 28% to Rs 2 trillion in FY24 | Mutual Fund – Top Stories

Illustration: Binay Sinha3 min read Last Updated : Apr 11 2024 | 9:10 PM IST Buoyant economic outlook and increased market participation helped drive the inflows in the mutual fund industry through systematic investment plans or SIPs route to record Rs 2 lakh crore in 2023-24, marking a rise of 28 per cent year-on-year. In comparison, an inflow of 1.56 lakh crore was witnessed through this route in 2022-23, Rs 1.24 lakh in 2021-22 and Rs 96,080 crore in 2020-2021, data with the Association of Mutual Funds in India (Amfi) showed. Moreover, mutual fund SIP contribution has seen over four-fold rise during the last seven years. It was Rs 43,921 crore in 2016-17. Additionally, SIP book has also grown consistently from Rs 14,276 crore in March 2023 to an all-time hig...
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Money-savvy teen who bought stocks aged 14 and now drives a Tesla offers her best advice tips to start investing
8Apr By adminNo Comments
Money

Money-savvy teen who bought stocks aged 14 and now drives a Tesla offers her best advice tips to start investing

By Mackenzie Tatananni For Dailymail.Com 07:30 08 Apr 2024, updated 08:42 08 Apr 2024 Sophia Castiblanco, 17, made a fortune through investing and content creatingShe began investing three years ago with help from her parents and encourages others to take the leapCastiblanco shares her tips for investing and reveals how to manage risk A high school junior is encouraging others to invest after earning nearly six figures from buying and selling stocks like Amazon and Tesla.Sophia Castiblanco, now 17, began making her own money through social media at just 14 years old, mostly through producing lifestyle content.Now she's eager to share finance tips after her own success at investing her income.'I've always kind o...
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RCTC To Release Q2 Dividend At Board Meeting On November 7
28Oct By adminNo Comments
Business

RCTC To Release Q2 Dividend At Board Meeting On November 7

Curated By: Business DeskLast Updated: October 28, 2023, 18:00 ISTThe IRCTC stock experienced a roughly 2 per cent surge.The Board of Directors will additionally review the unaudited financial results of the company.The Indian Railway Catering and Tourism Corporation Ltd (IRCTC), which previously distributed a full 100% dividend to its investors, is likely to declare a mid-year dividend soon. The final decision on this matter will be made during the 132nd meeting of the company’s Board of Directors. As per an official filing on the Bombay Stock Exchange (BSE), the meeting is set to take place on Tuesday, November 7, 2023.The Board of Directors will additionally review the unaudited financial results of the company for the quarter and half-year ending on September 30, 2023. In an official...
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SME IPOs: Here’s Why You Should Be Cautious Before Investing In SME stocks
13Oct By adminNo Comments
Business

SME IPOs: Here’s Why You Should Be Cautious Before Investing In SME stocks

Curated By: Business DeskLast Updated: October 13, 2023, 18:58 ISTSME IPO price manipulation is done for a premium listing of the stock. Market regulator SEBI has raised concerns regarding the unprecedented volatility in the value of SME IPOs and stocks.SME IPOs are in the spotlight currently after two regulatory reforms by market watchdog Securities and Exchanges Board of India (SEBI). In September, 37 small and medium enterprises (SMEs) went public raising over Rs 1,000 crore through initial public offerings (IPOs), according to Moneycontrol. However, on September 25, SEBI included SME stocks under the Additional Surveillance Measures (ASM) and Trade-to-Trade Settlement (T2T) due to concerns about price manipulation and irregular trading volumes.There is a significant potential for...
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Two 20-year-olds beat grim market to mint India’s newest unicorn
25Aug By adminNo Comments
Business

Two 20-year-olds beat grim market to mint India’s newest unicorn

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.StepStone Group, Goodwater Capital and others invested a combined $200 million in the Mumbai-based company, it said Friday in a statement. Zepto, built with backing from startup incubator Y Combinator, said it’s on track to turn profitable within 15 months and intends to go public in two to three years.Childhood friends Aadit Palicha and Kaivalya Vohra dropped out of Stanford’s computer science program to return to India and build the startup when they were teenagers. They are now the youngest founders of any Indian unicorn.“Quick commerce is India’s fastest-growing consumer interne...
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