Tag: most sold

Top news SEBI in a circular has introduced a two-tiered benchmarking system for Mutual Fund schemes. The first tier should reflect the category, while the second tier should reflect the fund manager’s investment strategy. Prudent Corporate Advisory Services acquires the Mutual Fund business of Karvy Stock Broking. Karvy Stock Broking Ltd (KSBL) had a total…

Top news CBDT announced Income tax and Corporate tax refunds worth Rs 92,961 crore to more than 63.23 lakh taxpayers between 1 April 2021 to 18 October 2021. EPFO added net new enrolments of 14.81 lakh subscribers in August 2021, a growth of 12.6% from the previous month. The Central Government has hiked Dearness Allowance…

Top news Amazon Pay India has partnered with Kuvera to offer wealth management services. Initially, Mutual funds and Fixed Deposits would be made available to Amazon pay users. SEBI has offered exchanges the option of switching to a T+1 settlement cycle from the current T+2 cycle beginning in January 2022 to streamline the fund settlement process.…

Top news FM Nirmala Sitharaman unveiled the government’s Rs 6 lakh crores National Monetization Pipeline. Airports, railways, roads and other sectors to be privatized over a span of 4 years. BSE Sensex surpassed the 56,000-mark for the first time while Nifty 50 breached 16,700 mark during this week. NSE has restricted stockbrokers from selling Digital…

Top news Market cap of BSE-listed firms hit $3 trillion for the first time led by gains in mid caps and small caps. Franklin Mutual Fund has announced the payout of the next tranche of Rs 1261 crore to unitholders of the six wound-up schemes. Unitholders can check their payout status here. ABSL Mutual Fund…

Top news The RBI has cancelled the licence of the United Co-operative Bank Ltd, West Bengal over regulatory non-compliance and inadequate capital. The net asset under management (AUM) of the mutual fund industry rose to an all-time high of Rs 32.42 lakh crore in April. Axis Mutual Fund has launched the NFO for Axis Global…

Top news India’s exports during the April-June quarter jumped to $95.4 billion, a 85% rise Y-o-Y basis compared to exports of $51.4 billion in the same period last year. SEBI has reduced the minimum application value for REITs and InvITs. A trading lot can be of a single unit and will be in the range…

Top news Fitch Ratings reaffirmed India’s sovereign rating at ‘BBB-‘. Fitch forecasts a 12.8 per cent GDP growth in Financial Year-22 and added that “The surge in coronavirus cases may delay GDP recovery, but it won’t derail the economy”. Indicating higher job growth, new enrolments with EPFO grew by nearly 19.63% to 12.37 lakh in…

Top news Tata Consumer Products has been included into NIFTY 50 Index while YES Bank, Jubilant Foodworks, MRF, GAIL, Apollo Hospitals, Adani Enterprises and Vedanta have been included into NIFTY NEXT 50 Index. GST collections hit a record high of Rs 1.24 lakh crore in March 2021, a rise of 27% on a Y-o-Y basis…

Top news RBI’s Monetary Policy Committee kept the repo speed & reverse repo rate unchanged at 4% and 3.35% respectively using an accommodative stance. The MPC kept the GDP growth projection unchanged at 10.5percent for FY22. SIP inflows hit an all-time high of Rs 9,182 crore in March 2021, a substantial rise of 22 percent…