Kotak Mutual Fund has announced the launch of the Kotak Nifty 100 Low Volatility 30 Index Fund, an open-ended scheme replicating or tracking the Nifty 100 Low Volatility 30 Index. The new fund offer or NFO of the scheme will open for subscription on May 22 and close on May …

Individuals looking for a higher fixed deposit interest rate than the bank’s rate can consider investing in corporate FDs. A corporate fixed deposit, or corporate FD, is a term deposit with fixed interest rates kept for a predetermined amount of time majorly issued by Non-Banking Financial Corporations (NBFCs) & Housing …

New Delhi, PGIM India Asset Management aims to more than double its assets under management to Rs 50,000 crore within the next 2-3 years, which will be driven by efforts to complete the product basket coupled the strong focus on SIP, its top official said on Monday. The asset management …

Seasoned stock market traders to newbie mutual fund investors, all are waiting for June 4, 2024, to know the results of the Lok Sabha elections. In a recent television interview, Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. On …

May 20, 2024, 11:30:15 AM IST ​India’s largest fund house – SBI MF – managed assets worth Rs 9.73 lakh crore as of April 2024. The fund house oversees 116 mutual fund schemes. Here is what it bought and sold in April, according to data released by Prime Database. iStock …

Banks in many states will be closed on Thursday, May 23, on the account of Buddha Purnima, according to the Reserve Bank of India holiday list. However, individuals can avail digital banking services which have made managing finances easier, especially on bank holidays. Buddha Purnima: In which states are banks …

Since the beginning of 2024 large and midcap category has seen inflows of Rs. 11,340 crores followed by multicap category at Rs. 10,004 Cr. and the flexi-cap category at Rs. 9,971 crore, higher than the inflows in largecap, midcap and smallcap categories respectively. Interestingly, this data highlights that despite presence …

The systematic investment plans (SIPs) in mutual funds have become one of the most popular investments in the last few years. Thanks to compounding, SIPs can help you grow your money exponentially. At 12% annual return, even a meagre amount of Rs 5,000 every month, will grow to Rs 50 …

Let’s start with your personal story My educational journey began with a Bachelor’s in Commerce from RA Podar College and an MBA in finance from Welingkar’s Institute of Management Studies. Born and raised in the vibrant city of Matunga, Mumbai, I was immersed in a family where education and diverse …

The State Bank of India has hiked its fixed deposit interest rates on select tenures below one year for senior citizens. The new rates are effective from May 15, 2024. Banks usually offer higher interest rates for its senior citizen customers. Here is a comparison of the FD rates offered …