SIP wave hits record level, more to come

India’s mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. Illustration: Dominic Xavier/Rediff.com MFs had Rs 7 trillion in assets under......

Walmart-owned PhonePe crosses 500 million lifetime registered users

Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the......

In mutual fund foray, Zerodha plans to emulate its broking playbook

The newest entrant to the Rs 46-trillion mutual fund (MF) space – Zerodha – plans to focus strictly on the low-cost passive segment and offer its products solely through the......

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

At the annual general meeting of Reliance Industries earlier this week, Isha Ambani, director at Reliance Retail Ventures, announced that the company is foraying into the fast-moving consumer goods......