'The incentives to switch to the new tax regime... are viewed as a negative due to potential loss of customers who buy policies for saving tax.' 'The tax-saving value proposition for the sector reduces.'
Inflows into mutual funds' equity schemes increased by over 14 per cent on-month to Rs 41,156 crore in December, even as market volatilities continued. The small and midcap schemes of mutual funds continued to attract investor interest with inflows touching record highs during the month, despite the concerns being expressed about the two segments for the risk they portend, industry body Amfi said.
Among the 11 equity sub-categories, thematic funds received the highest net inflows at Rs 9,017 crore, followed by smallcap funds at Rs 5,721 crore and flexicap funds at Rs 5,698 crore.
The Indian government's announcement of 10,000 additional seats in medical colleges next year, part of a plan to add 75,000 seats over five years, has been welcomed by education experts and stakeholders. The move aims to address the shortage of medical professionals and reduce the outflow of Indian medical students to other countries. The budget also includes infrastructure expansion at five new IITs to accommodate 6,500 more students and an allocation of Rs 500 crore to set up a Centre of Excellence in Artificial Intelligence for education.
Equity mutual funds (MFs) capped a strong 2024 with near-record inflows in December. With net inflows of Rs 41,156 crore in December, the 2024 tally surged to Rs 3.9 trillion, up 144 per cent compared to 2023. The December tally, which was only slightly short of the record-high inflows of Rs 41,887 crore achieved in October 2024, was fuelled by record inflows of Rs 9,761 crore into small-cap and mid-cap funds.
The eight-year-old boy, who was injured in the stampede during the screening of Pushpa-2 in Hyderabad on December 4, was taken off oxygen and ventilator support as his condition is improving, his father has said.
Allu Arjun arrived Hyderabad's Chikkadpally police station on Tuesday to appear for questioning in connection with the tragic incident that occurred during the premiere of his movie Pushpa 2 on December 4.
Based on a preliminary investigation, the police said that Venkat had told an intermediate first-year student at the hostel to focus on his studies when he allegedly discussed committing malpractice in the ongoing exams.
Amid allegations that bouncers hired by Allu Arjun pushed crowds as well as policemen when the stampede occurred at the cinema hall, the police commissioner warned that stringent action as per law would be taken if THE bouncers indeed misbehaved with the police on duty. The VIPs would be made responsible for the behaviour of the bouncers hired by them, he said.
rediffGURU Dr Vinod Kumar offers advice on how to improve your lifestyle and keep your kidneys healthy.
The other members of the committee are Daljit Singh, Dheeraj Parsana, Anand Shukla and Prabir Mukherjee.
The mutual fund (MF) industry is set to approach the Securities and Exchange Board of India (Sebi) for relaxation in the recently implemented rules designed to prevent market abuse. According to MF executives, the new rules that came into effect in November for large schemes have created operational challenges for fund managers, particularly when executing large transactions or participating in block deals.
Telangana Chief Minister A Revanth Reddy has criticized Telugu actor Allu Arjun for attending the screening of 'Pushpa-2' despite police permission being denied. Reddy alleges that the actor continued to be present at the cinema hall even after a woman died in a stampede and criticized film personalities for showing more empathy to Allu Arjun after his arrest than to the injured boy involved in the incident. The CM also assured that there will be no special privileges for those involved in such incidents.
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.
In the purported five-second clip, Reddy is seen addressing a poll rally in Nalgonda on Tuesday and is heard saying in Telegu 'Sonia Gandhi is going to give the CM position to me if the party comes to power. There is no one senior to me here'.
Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares. The regulator also directed that the prohibition slapped on six entities -- Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra -- through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter. "I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees.
In the second edition of Global Chess League, each team will play a total of 10 matches in a double round-robin format, with the winner of each match being decided in a best-of-six board scoring system.
It's going to be a party on OTT this September, with a string of interesting releases but the theatre scene looks bare.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
The estranged husband of Suchana Seth, the AI start up CEO accused of killing her four-year-old child, on Saturday told Goa police she had not allowed him to meet their child for the past five Sundays.
'The correction in the markets in the initial part of August provided investors a good buying opportunity.'
Inflows into equity mutual funds (MFs) continued their strong momentum in July, despite the market volatility triggered by the Union Budget.
Mutual Fund inflows in FY25 have already reached two-thirds of the total inflows seen in the entire FY24, with net inflows standing at Rs 1.3 trillion.
'When you watch Freedom At Midnight, I want you to feel like you are sitting on a ticking time bomb.'
Vijay has a lot of young and middle-aged women fans, but as voters, they are possibly now with the DMK, or remain with the AIADMK. Recapturing this constituency would have helped Vijay's political launch and the GOAT script and dialogues could have gone a long way in helping out. But the kind of script and screenplay and the unusually and equally unnecessary long run-time (3 hours, 3 minutes) that GOAT offers takes the film experience over the heads of those that are not familiar with secret agents and uranium theft in Tamil cinema, observes N Sathiya Moorthy.
Senior bureaucrat Smita Sabharwal courted controversy by questioning the need for reservation for the differently-abled people in the All India Services (AIS).
Divya Nair recommends that non-Vijay fans save their money and wait for GOAT to drop on Netflix instead. At least you can fast forward and get to the climax faster.
Investors pumped in a record Rs 40,608 crore into equity mutual funds in June, 17 per cent higher than in May 2024, industry body Amfi said on Tuesday. The flows into the systematic investment plans (SIPs) also reached a new high at Rs 21,262 crore for the month, which was higher than the previous high of Rs 20,904 crore recorded in May, it said. The net assets under management (AUM) for the entire MF industry on equity schemes stood at Rs 27.67 lakh crore, while the same from SIPs was Rs 12.43 lakh crore, the body said.
The note was not found in the bag where she had stuffed her son's body after killing him, he said.
Unperturbed by election uncertainty, investors poured record sums into equity mutual fund (MF) schemes in May, driving India closer to a $5 trillion market capitalisation. The Rs 34,697 crore net inflows into actively managed equity funds last month surpassed the previous high of Rs 28,463 crore recorded in March 2022. In April 2024, equity schemes had garnered nearly Rs 19,000 crore.
Kidambi Srikanth's opening round match ended in agony as he retired due to a knee injury after lagging 14-21, 3-11 against Japan's fifth seed Kodai Naraoka.
The seasoned Ashwini Ponnappa and her partner Rohan Kapoor entered the second round in the mixed doubles on the opening day of the Syed Modi India International badminton event in Lucknow on Tuesday.
As Thalapathy Vijay embarks on a career in politics, Arjun Menon looks closer at his glorious filmography.
Former champion PV Sindhu progressed to the women's singles second round but Lakshya Sen went down fighting to world number one Viktor Axelsen at the Singapore Open Super 750 badminton tournament in Singapore on Wednesday.
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.
The Goa police would on Friday take Suchana Seth, the CEO of a start-up who is accused of killing her four-year-old child, to the service apartment where she had stayed to recreate the crime scene, a senior official said.
A fibre-rich food will help you lose weight and control blood sugar spikes, advises rediffGURU Rebecca Pinto.
Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.
'There has been a huge shift. Consumer needs and requirements have changed, and differ from city to city.'
After their unexpected victory against Chennai Super Kings, Kolkata Knight Riders's Venkatesh Iyer and Varun Chakravarthy called on Rajinikanth at his home in Chennai.
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