The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
Boxer Akhil Kumar on Friday scored a dramatic come-from-behind victory against Russian world champion Sergey Vodopyanov at the Olympic Games in Beijing, lifting the gloom brought about by the end of India's campaign in tennis and virtual end of further medal hopes in shooting.
'Akhil means universe and that title suited the film well,' VV Vinayak tells Radhika Rajamani.
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
Devendra Fadnavis, a veteran politician from Maharashtra, is set to become the state's chief minister for the third time following a decisive victory by the BJP in the recent assembly elections. Fadnavis' political journey has been marked by resilience, strategic manoeuvring and a string of successes, including becoming the youngest mayor of Nagpur. He is known for his articulate speeches and effective governance, but his tenure has also been marked by challenges, including the Maratha reservation issue and the irrigation scam. He faces a new set of challenges, but his ability to adapt and make tactical decisions could prove crucial for him and his party in the coming days.
Devendra Fadnavis, a seasoned politician known for his strategic maneuvering and resilience, has been sworn in as the Chief Minister of Maharashtra for the third time. His political journey has been marked by both triumphs and setbacks, including a short-lived coalition with the NCP and a period in opposition. Fadnavis's leadership is expected to focus on infrastructure development and addressing the concerns of the Maratha community.
Vijender Singh (81kg) and Akhil Kumar (56kg) settled for bronze medals after losing in the semi-finals, but the women pugilists kept India's chances of a boxing gold in the Arafura Games alive as all three advanced to the final in their respective categories in Darwin, Australia, on Thursday.
Replying to the motion, he said the crime rate has not increased if the population growth is taken into account.
Devendra Fadnavis, a seasoned politician with deep roots in the RSS, is set to become the Chief Minister of Maharashtra for the third time, after his party, the BJP, won a landslide victory in the state assembly elections. Fadnavis' political journey has been marked by resilience and strategic maneuvering, as he has navigated through challenging times, including political upheavals and controversies.
Back from a conditioning camp in South Africa after going up a division, Olympian boxer Akhil Kumar on Monday said he will make his feather weight debut in the Asian Championship in June. The Haryana-boxer, who went 3 kgs up from the bantam weight division after winning the World Cup bronze medal in December, says he does not expect instant success in the new division.
The Indian pugilists won the flyweight and light-heavyweight final bouts.\n\n\n\n
Sunil Ambekar, RSS Akhil Bharatiya Prachar Pramukh, said caste and caste-relations were a "very sensitive issue" for the Hindu society and it is an important issue "for our national unity and integrity".
Rao suggested changes should also be brought in the evaluation methods and pitched for introduction of an open-book examination system for competitive examinations designed to test the candidates' "competence, aptitude, attitude and Intelligence Quotient".
Accepting demands of the aspirants, the Uttar Pradesh Public Service Commission (UPPSC) on Thursday postponed Review Officer (RO) and Assistant Review Officer (ARO) exams, and announced to hold the Provincial Civil Services (PCS) preliminary exam on the old pattern.
The two pugilists qualified for the Olympics after entering the finals at the qualifying tournament in Gangzhou, China.
Double Olympic-medallist Manu Bhaker opted for a three-month rest following her exploits at the Paris Games.
Diwarkar Prasad beat Morocco's Hamid Ait Bighrade in the 54 kg bantamweight round of 32.
'Undeniably, Modi's position has stabilised and he has staged a comeback of sorts from the weeks after the Lok Sabha results.' 'Coalition partners are likely to be more tolerant of Modi... The forthcoming elections in Delhi and Bihar will determine whether this continues or not.' 'To win Delhi and Bihar, Modi will have to work in conjunction with the RSS.' 'However, because of the 'truce' that has been worked out within the Sangh Parivar, Modi will have to be more consultative than he has been in the past ten years,' reveals Modi biographer Nilanjan Mukhopadhyay.
In a letter from jail, Gogoi also alleged physical and mental torture in custody
Continental champion Shiva Thapa (56kg) was barely tested as he advanced to the quarter-finals but it was curtains for comeback-man Akhil Kumar (60kg) after he lost an edge-of-the-seat last-16 bout on a bitter-sweet day for Indian boxing in the 17th Asian Games.
Mr Pradhan's understanding of realpolitik and organisational dynamics makes him the ultimate party man, notes Aditi Phadnis.
Seven accused army personnel, including a major general and two colonels, escaped from any punishment even though a military court initially and a Central Bureau of Investigation inquiry found they were involved in the alleged crime.
The founder of the newly floated Raijor Dal -- arrested in December 2019 over sedition charges - bagged 57,219 votes as an Independent, garnering support from 46.06 per cent of the electorate.
Newly floated Assam Jatiya Parishad (AJP), led by former All Assam Students' Union leader Lurinjyoti Gogoi, on Thursday forged an alliance with the Raijor Dal of jailed anti-citizenship law activist Akhil Gogoi for the upcoming assembly elections.
Noted Right to Information activist and secretary general of Krishak Mukti Sangram Samiti, Akhil Gogoi was seriously injured when he was allegedly assaulted by a group of Youth Congress members at Chamota in flood-affected Nalbari district of Assam on Friday.
The principal said that particular day was reserved for "speaking in English only" and that is why the students were stopped, the sources said, quoting her.
Akhil Gogoi, member of the legislative assembly from Sivasagar in Assam, is likely to be released from jail on Thursday as a special NIA court cleared him and his three associates of all charges under the Unlawful Activities (Prevention) Act for their alleged role in the violent anti-Citizenship Amendment Act stir in Assam in December 2019.
'We used to give these boxers a hammering in the ring and now they are teaching youngsters how to defend. Come on man!' 'People like Akhil Kumar and Jitender Kumar were among the top boxers in the world, but instead of choosing them to train young boxers they are picking people who are yes men.'
India's Akhil Kumar on Friday night pulled off a major upset by stunning world champion Sergey Vodopyanov of Russia in the 54 kg pre-quarterfinal bout in the Olympics.
India's Akhil Kumar failed to make it to the semi-finals in the 54kg bantamweight class in the Olympics boxing competition. He was beaten by Republic of Moldova's Veaceslav Gojan 10-3 in the quarter-final in Beijing on Monday.
Commonwealth Games gold medallist Akhil Kumar capped a remarkable comeback from a career-threatening injury lay-off to become the second Indian boxer to qualify for Beijing Olympics through the Asian qualifying tournament in Bangkok, on Friday. The 27-year-old bantamweight pugilist out-pointed his People's Republic of Korea opponent Ryom Chol Jin in a semi-final bout.
Celebrated boxer Akhil Kumar tells Laxmi Negi he is enjoying his boxing and looking to give his best at the upcoming World Championships in Baku, the first qualifying tournament for the Olympics.
Suryakumar Yadav will turn up for Mumbai in their Buchi Babu match against TNCA XI, aiming to get his Test career back on track.
The shoddy state of the Games Village stood exposed on Saturday when the Indian boxing team checked in at their residential block only to find defending Commonwealth Games gold medallist Akhil Kumar's bed collapsing.
Inflows into equity mutual funds (MFs) continued their strong momentum in July, despite the market volatility triggered by the Union Budget.
It may be winter but that does not mean their bikinis are far away.
Asian silver medallist Jai Bhagwan put India's faltering campaign at the World Boxing Championships back on track by advancing to the second round in the lightweight category with a thumping victory over Venezuela's Angel Rodrigues in Milan, Italy. The Indian out-punched his opponent 10-4 to bring some cheer in the Indian camp, which had been left stunned by three early exits.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
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