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.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
Amazon Prime Video has doubled its content investments in India and announced as many as 41 new titles in Hindi, Tamil, Telugu and English, thereby throwing an open challenge to their streaming competitor, Netflix.
According to PTI, the chairman of selectors, Chetan Sharma has asked the duo to regain form by playing Ranji Trophy.
'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'
Despite dominating the game for 35 overs, KKR choked in the final stages and lost to Mumbai Indians by 10 runs.
Here are some of the pictures our readers shared with us.
S Dhanalakshmi, who had beaten Dutee in the final of women's 100m sprint in the Federation Cup last month, was also named in the team,
Images from the third Twenty20 International between India and Sri Lanka, in Dharamsala, on Sunday.
Bollywood responded to Prime Minister Narendra Modi's appeal to show the nation's 'collective resolve and solidarity' in its fight against coronavirus with a symbolic gesture of lighting a lamp on Sunday night.
Shikhar Dhawan believes that every lean patch in his career has made him "stronger" but it is his clarity and calmness that has enabled him to ride over rough times.
In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its businesses and also roped in the generation next giving charges of separate business verticals. Announcing the restructuring on Monday, CK Ranganathan, chairman and managing director of CavinKare indicated that the business will be split into mainly four different streams - FMCG, ecommerce, retail and research and development.
The likes of Virat Kohli, David Warner will be aiming to silence their critics, while KKR's Shreyas Iyer and Lucknow Super Giants' K L Rahul will be looking to prove themselves after being the handed captaincy of their respective franchises.
For a team that looked at ease all along, it was their first defeat in the UAE leg -- and three from 11 matches this season -- as Delhi struggled to get going against KKR bowlers who made full use of the slow surface after opting to bowl.
The RTI exemptions cited by the CPIO to deny information relate to intellectual property rights, trade secrets and information in the nature of commercial confidence, fiduciary relationship, threat to life and safety of persons who give information to law enforcement agencies in confidence, impediment to investigation, prosecution or apprehension and privacy of an individual.
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
With three play-offs spots already sealed by Delhi Capitals, Chennai Super Kings and Royals Challengers Bangalore, KKR consolidated their position for the fourth and final spot, finishing their league engagements with 14 points from 14 games and an impressive net run-rate of 0.587.
Images from the third One-Day International between South Africa and India, in Cape Town, on Sunday.
Punjab Kings skipper K L Rahul says his team can make the Indian Premier League's play-offs if it learns to handle pressure better and not lose games from commanding positions.
'Fixing accountability in the Congress must be addressed on a war footing.' 'It is impossible for Sonia Gandhi to know each and every party worker, so she has to rely on advisors.' 'If they guide or misguide, the blame should go to them.'
The BCCI has set a salary cap of Rs 90 crore for 10 IPL franchises, including the two new entrants, for the next season and allowed a maximum of four retentions for the eight established teams.
Two-time champions Kolkata Knight Riders will be striving to turn around their fortunes in IPL 2021 after a below-par showing last season.
England batter Liam Livingstone fetched a staggering Rs 11.50 crore deal from Punjab Kings, who also roped in West Indies fast bowler Odean Smith, for Rs 6 crore, on Sunday, Day 2 of the TATA Indian Premier League 2022 Player Auction, in Bengaluru.
Having endured a topsy-turvy start to their campaign before a fine turnaround, seven-time champions India start as title favourites when they take on first-time finalists Nepal in the summit clash of the SAFF Championships, in Male, on Saturday.
Rediff readers tell us how they are celebrating Ganeshotsav.
'He was a very fierce competitor. 'I got to learn a lot from him in terms of his discipline, focus and his routines, like how one has to prepare for the game.'
'Sometimes we arrange a Zoom call just for him to say hello to the players, that's about it.' 'But otherwise, no, no direct talk, it's never happened, even in a normal year.' 'After the game, you win, you lose, SRK is there to encourage the team, give them hugs.'
No Indian bowler has had a better debut year in Test cricket than the young lad from the Gujarat and Mumbai Indians teams.
Rediff.com columnist M R Venkatesh is a qualified chartered accountant.
Former pacer Venkatesh Prasad feels that a high-on-resources India has got all bases covered to get past a high-on-confidence New Zealand in the ICC World Test Championship final, starting in Southampton from June 18.
Paralympic gold-winners Avani Lekhara, Sumit Antil, Pramod Bhagat, Krishna Nagar, Manish Narwal were also given the Khel Ratna at a dazzling awards ceremony on Saturday.
Eyeing the batting coach's job are Lalchand Rajput, Pravin Amre, Mumbai stalwart Amol Muzumdar and Saurashtra's batting bulwark Sitanshu Kotak.
The raids were carried out across 23 locations in the state and involved around 200 sleuths, they said.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'
'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'
Rajneesh Gupta picks instances of sledging which backfired spectacularly and the players had to pay dearly for their misadventures.
Unless they getting their batting and bowling woes sorted out soon, the 2023 World Cup looks another distant dream for the Men in Blue.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
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