The FBI has increased the reward to USD 1 million for information leading to the arrest of Bhadreshkumar Chetanbhai Patel, an Indian national wanted for allegedly murdering his wife in Maryland in 2015.
India face New Zealand in the T20 World Cup final in Ahmedabad as Suryakumar Yadav's side aim to become the first team to successfully defend the title.
Sunny Deol hosted a special screening for Ikkis, his father Dharmendra's last film, on Monday.
Sanju Samson and Ishan Kishan face a key test as India take on New Zealand in the second T20I at Raipur, eyeing World Cup momentum.
Ishan Kishan's sensational comeback and Sanju Samson's inconsistent displays with the bat will reignite debate over who should be Abhishek Sharma's preferred opening partner.
Skipper Suryakumar Yadav would want the attacking batter in him to front up and bolster his leadership against New Zealand when the five-match T20I series gets underway in Nagpur on Wednesday, serving as a final dress rehearsal for India's World Cup title defence in less than three weeks' time.
'Ideally, one should not time SIPs.' 'If people churn their SIP portfolios, then they are equating the concept of SIPs to lump sums.'
A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors' appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).
Even as the returns of mutual fund (MF) schemes have improved considerably in the past three months, addition of new investors has remained in the slow lane for the MF industry. According to industry data, during the first six months of CY 2023, MFs onboarded only 1.6 million new unique investors, in stark contrast to the 4.7 million investors added during the same period last CY and the 2.4 million in 2021. It is noteworthy, however, that the current additions for this year have doubled in comparison to the figure of 800,000 seen in 2020.
'Being a chocolate lover boy, I wouldn't last long. So I decided to get rid of the tag as soon as possible.' 'That's why I started doing films like Haasil and Munnabhai MBBS.' With films like Yahaan, A Wednesday and Tanu Weds Manu, I was trying to break an image.'
New Zealand all-rounder Jimmy Neesham will miss the second Test against India in Kolkata due to the rib injury that kept him out of the first match in Kanpur, coach Mike Hesson said on Wednesday.
England getting bamboozled on turning tracks is no longer a "foregone conclusion" and the shock loss in the opening Test has given India a lot to think about ahead of the second game, says visiting team's pace ace Mark Wood.
England will need to defeat Namibia in their last league match and hope that Scotland lose to Australia.
Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months. The redemptions were on the higher side during the previous festive season as well.
Mutual funds have ratcheted up Rs 53,700 crore (Rs 537 billion) through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches this year eclipsing the 2021 tally. Industry insiders cite the absence of launches in popular categories as the reason behind lower collections this year. Typically, only NFOs in popular categories from major fund houses rake in the moolah.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
Domestic institutional investors (DIIs) may not be net buyers of Indian equities in the near term on lack of inflows and are likely to continue with redemption or sit on sidelines, mutual fund officials said.
The judiciary, the police, the lawyers and the public will have to know the new laws. It will also endanger settled jurisprudence on the old laws and open up all sorts of minor and major problems that currently do not exist. Whose then was asking for the change? Not the judges or police or lawyers or citizens, points out Aakar Patel.
It's an action-packed menu on OTT this week.
Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website. Jimmy Patel, MD and CEO at Quantum AMC, says: "The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong response from investors, and fund houses need to deploy that money in the markets.
Ben Stokes and his team-mates have their task cut out as they look to emulate Alastair Cook-led England's historic India series win in 2012.
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
While the proposed new tax regime is optional for taxpayers, the finance minister has said the government eventually wants to do away with all exemptions with a lower tax-rate simplified structure.
Stick to low-cost ULIPs launched in the past few years. Go with an insurer with a good investment team and solid track record of long-term returns, suggests Sanjay Kumar Singh.
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
Images from the second T20 International between India and New Zealand, in Ranchi, on Friday.
The mutual fund industry also witnessed record sales.
India will aim to shed their archaic playing style for good with a 'young and fearless' bunch in the three-match T20I series against New Zealand, starting in Wellington on Friday.
Royal Challengers Bangalore will be aiming to halt the Jos Buttler juggernaut when they take on Rajasthan Royals in the Indian Premier League match at the MCA Stadium in Pune on Tuesday.
Two wrist-spinners, who are currently dominating the bowling charts will be itching to show their wares
Images from the third T20 International between India and New Zealand, at the Eden Gardens in Kolkata, on Sunday.
Rajasthan Royals would aim to build on their promising start to the season when they take on Royal Challengers Bangalore, a side that is yet to unlock its potential.
India were expected to try out a bunch of players after another World Cup debacle but if the team combination for the second T20 was any indication, they seemed reluctant to start with a clean slate.
Before facing the might of Shaheen Shah Afridi in Asia Cup, a morning session with deliveries moving both sides, albeit with a gentle pace, would be decent enough extended net session for Rahul.
'We leave it up to the players to decide whether or not they want to participate and request NOCs'
Bollywood watched Hotel Mumbai, a movie inspired by the 26/11 Mumbai terror attack.
Their opponents New Zealand, who effectively knocked India out of the World Cup, have reached Jaipur on a chartered flight from Dubai with little time to reflect on their loss to Australia in the title clash.
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