Investor interest in the mutual fund industry as an avenue to generate long term wealth creation is rising with SIP's asset base touching an all-time high of Rs 4.67 lakh crore at May-end. Over the past five years, the systematic investment plan or SIP AUM has grown 30 per cent annually, twice as fast as the growth in the overall mutual fund industry's assets under management (AUM). According to data released by Association of Mutual Funds in India (Amfi) on Wednesday, SIP AUMs have seen a close to four-fold jump to Rs 4,67,366 crore as of May this year from Rs 1,25,394 crore as of August 2016.
After a gap of 10 years, the DMK snatched the reins of power from arch rival AIADMK, with its president M K Stalin leading the party to a stellar performance and in the process, helming the state as chief minister for the first time.
Govt may tighten presumptive taxation norms and also do away with some deductions.
India's appetite for imported crude oil may wane in fiscal year (FY) 2023 from record levels in pre-pandemic 2019-20 fiscal as higher oil prices, a spillover from the conflict in Ukraine, and increasing use of biofuels affect domestic demand for petroleum products. Brent crude surged to a nine-year high, shy of a July 2008 record $147.50 a barrel, before declining to around $100 a barrel - but the volatility in commodity rates will slow global economic growth and use of fuels. Demand for all oil products may grow at only 2-3 per cent in FY23, slower than the current fiscal and nearly half the 5.5 per cent growth estimated by the petroleum ministry, according to industry officials.
'Solace' emerged from the heart of a mother who knew what it feels like to be a helpless parent when treatment for a sick child is expensive.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Asserting that preventing a possible Covid third wave is the biggest issue now, the Bharatiya Janata Party hit out at Opposition parties on Wednesday for disrupting Parliament proceedings over "manufactured" matters like the Pegasus issue and claimed it was "anti-national" to not discuss the pandemic in both the Houses.
Tandav promises to be thrilling. Moumita Bhattacharjee hopes it lives up to this.
Instead of getting swayed by market gyrations, investors must stay invested for the long term, advises Sarbajeet K Sen.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
The SJB has begun to collect signatures from MPs for the no-confidence motion, according to media reports.
Should deposit growth continue to outpace credit growth, banks may end up ceding some hard-earned 25-50 bps improvement in profitability or net interest margin gained in the past two years.
An overwhelming majority of Indians (84 per cent) feel it is safe to return to their workplaces, according to a Deloitte survey that suggests consumers in India are showing a positive spending intent and brighter outlook towards the future. The latest monthly analysis (wave 220) of Deloitte's Global State of the Consumer Tracker, signals a cautious consumption revival in the country, aided by the decreasing number of Covid-19 cases and an improved vaccination drive. The Global State of the Consumer Tracker is an online survey based on responses from 1,000 people each in 18 countries including India.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A summary of Wednesday's action at the US Open on Day 3.
The widening differences between Punjab Congress leaders -- Captain Amarinder Singh and Navjot Singh Sidhu intensified with their wives joining them in the conflict.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
Relationship problems? Let Love Guru help.
Italian top seed Matteo Berrettini marked himself down as a genuine Wimbledon threat after beating Britain's Cameron Norrie 6-4, 6-7(5), 6-3 to win the Queen's Club title on Sunday.
While Yadav began to tour different constituencies and address public meetings to mobilise the SP rank and file, he has concurrently started the tedious process of cobbling up an alliance of smaller outfits representing a mlange of castes and sub-castes, reports Virendra Singh Rawat.
Bayern Munich eased past title rivals Borussia Dortmund 3-1 on Saturday to secure their 10th consecutive Bundesliga crown in front of a sold-out home crowd and with three games to spare, while Paris St Germain secured a record-equalling 10th French top flight title after stuttering to a 1-1 home draw by 10-man RC Lens.
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
'Good investment opportunities should not be missed.'
'A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.'
'It's something I do in games to visualise where we are bowling, how the batter is playing our bowlers and then out of habit I always mark centre.'
Images from Day 3 of the third Test between England and India, at Headingley, Leeds, on Friday.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
The game, postponed from the start of the season, offered Atletico the chance to peel further away from nearest challengers Real Madrid but a second draw in three games only moved them on to 55 points.
A round-up of Wednesday's action in the UEFA Champions League.
While ex-lovers Vishal Aditya Singh and Madhurima Tuli weren't seeing eye-to-eye, they have finally broken the ice and looks like they may patch-up by the end of their Bigg Boss journey.
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
'They asked me if I was a devout Muslim and if I could recite the Kalma.' Flying Officer Jawahar Lal Bhargava knew his game was up. 'They threatened me with dire consequences if I didn't tell the truth.'
Arguing that the recent elevation in retail inflation is not structural but supply-driven and therefore potentially transitory, a foreign brokerage report has forecast that the benign interest rate regime will continue at least until next June. The assessment comes a day ahead of the third bimonthly monetary policy review on Friday wherein it's widely expected that the monetary authority will leave the key rates unchanged at 4 per cent even though the consumer prices have been on remaining above 6 per cent since May and crude prices have been north of $70 a barrel for months.
In the bowlers list, Bumrah achieved a career-high ranking of 28 while fellow teammate Mohammad Shami moved two places to 24th.
Images from football action around European leagues played on Sunday
Gladbach dominated the first half and missed a string of chances, with Freiburg goalkeeper Alexander Schwolow denying Plea and Lars Stindl in quick succession as the home side defended desperately.
Assets under management with the mutual fund industry jumped a whopping 41 per cent in fiscal 2021 to Rs 31.43 lakh crore, despite a minor 1 per cent decline in March, says a report. The 1 per cent decline in assets on monthly basis in March was because of net outflows from open-ended debt funds, even though open-ended equity funds for the first time in June 2020 recorded net inflows, according to the industry data collated by Crisil on Friday. Marc saw net outflows of Rs 29,745 crore, taking down the industry's asset base to Rs 31.43 lakh crore, down from the record high of Rs 31.64 lakh crore in February, registering a whopping 41 per cent growth in the fiscal 2021 over the previous fiscal, said Crisil, adding cumulative inflows equalled Rs 2.09 lakh crore.
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