More than 50 per cent of SIP accounts come from semi-urban and rural areas.
'Given the inherent volatility, investors should take at least a three to five-year view.'
An improved showing of mutual funds (MFs) is helping the industry attract distribution talent at a brisk pace. The industry has onboarded a net of 11,600 individual distributors in the first seven months of 2023-24 (FY24) compared to just 5,555 distributors in the whole of 2022-23 (FY23), according to data from the Association of Mutual Funds in India. Like most financial products, MFs also have significant reliance on individual distributors to sell their products, even as digital platforms are gaining popularity.
Union ministers Amit Shah, Rajnath Singh and Nitin Gadkari, all former BJP presidents, besides RSS joint general secretary Arun Kumar met at the residence of incumbent party chief JP Nadda.
Social media giant Twitter on Saturday removed the blue verification tick from the accounts of Rashtriya Swayamsevak Sangh chief Mohan Bhagwat and other senior functionaries only to restore it after a lot of hue and cry by Sangh sympathisers on social media.
The accounts have been created to stop the spread of misinformation being spread by parody accounts.
Amid talk of leadership change in the Bharatiya Janata Party after government formation, party president Rajnath Singh on Wednesday met Rashtriya Swayamsevak Sangh chief Mohan Bhagwat and other top Sangh leaders.
In the four-page letter, leaked selectively to the media, Bharati also made a scathing attack on party Vice President M Venkaiah Naidu and General Secretary Sanjay Joshi.
Uma Bharti has said the letter has been leaked because of cheap politics.
A day after Narendra Modi's long meeting with top Rashtriya Swayamsevak Sevak brass, BJP president Rajnath Singh on Sunday met senior Sangh leaders at the RSS office in New Delhi.
The mortal remains of Environment Minister Anil Madhav Dave were consigned to flames on the banks of the river Narmada at Bandrabhan in Madhya Pradesh's Hoshangabad district today, with full state honours.
As part of meetings to discuss the Bharatiya Janata Party's post-poll strategy, party President Rajnath Singh met Rashtriya Swayamsevak Sangh leader Suresh Soni.
RSS chief Mohan Bhagwat discussed reasons behind the BJP dismal performance in Delhi.
Bharatiya Janata Party leaders and ministers were in Ahmedabad to attend the wedding of party president Amit Shah's son Jay, even as the Delhi poll results trickled in.
"Across the world Indian society is known as Hindu. All Bharatiya (Indians) are Hindus and we all are one entity," he said.
The party insisted that a fair probe was not possible without removal of Madhya Pradesh Chief Minister Shivraj Singh Chouhan and alleged that he had protected the guilty.
Amid hectic discussions on formation of the new government, indications emerged on Saturday that Narendra Modi would have a "small and compact" Cabinet that will take oath along with him on May 26 in the forecourt of Rashtrapati Bhawan.
Senior Bharatiya Janata Party leader L K Advani on Thursday met Rashtriya Swayamsevak Sangh Chief Mohan Bhagwat at the Sangh founthead office in New Delhi to discuss the recent developments in the party, including the elevation of Narendra Modi as Election Campaign Committee head and the Janata Dal-United's decision to quit the national Democratic Alliance.
When it came to power, the BJP was a government with a difference: it had a majority in the Lok Sabha. Frequently the party itself forgets this
'Markets should be driven more or less by earnings growth.'
On the first anniversary of the Narendra Modi-led NDA government, Sangh Parivar affiliates say they are annoyed with the ruling dispensation but can't live without it either
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