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Mutual funds exposure to banks hits 3-month low in September
Sunday, October 21, 2018, 8:20 PM
Mutual funds' holding of banking stocks declined by over Rs.21,600 crore to Rs.1.88 lakh crore in September, driven by the correction in equity markets. Overall deployment of equity funds in bank stocks stood at Rs 1,88,620 crore at the end of September as compared to Rs.2,10,251 crore in the preceding month, as per data available from the Securities and Exchange Board of India (Sebi).
Mutual fund assets surpass Rs 25 trillion
Saturday, September 8, 2018, 10:27 AM
The assets managed by the domestic mutual fund industry have crossed the Rs 25 trillion-mark. At the end of August, assets under management stood at Rs 25.2 trillion, a year-on-year growth of 25%. The monthly data released by the Association of Mutual Funds in India (Amfi) showed that the month-on-month AUM growth in August was 9.3 percent, the highest in four months.
How To Make Wise Investments?
Friday, August 31, 2018, 8:14 AM
If you want a shot at becoming wealthy, you need to do more than simply-earn-money. Most importantly, you need to hold onto the money you earn. And then, you need to grow your money. In-order to grow your money, you need to learn how to invest. When you become an investor, you’ll be using your money to acquire things that offer potential for profitable-returns.
