D@ljit1967 - Devout Invest

Overseas Investment limit for MF raised to $1 billion

By D@ljit1967 June 4, 2021Mutual Funds, Wall Street

With international diversification getting more recognition, and investor flows moving into such mutual fund (MF) schemes, the market regulator SEBI has now increased the overseas investment limit to $1 billion.…

GDP Grows 1.6% in Q1

By D@ljit1967 May 31, 2021Economy, GDP

The Indian economy rose by 1.6% in the January to March quarter (Q4 FY21) from the previous year but contracted by 7.3 per cent for the entire fiscal year, which…

New Highs

By D@ljit1967 May 31, 2021Index, Markets, Stocks

Sensex and Nifty ended higher on Monday, led by a healthy buying in index heavyweights such as Reliance, Bharti, ICICI Bank and HDFC Bank. The 30-share Sensex surged to an…

NIFTY – At All Time High

By D@ljit1967 May 30, 2021Index, Markets, Stocks

Stocks gained nearly 1% on Friday, with the Nifty hitting fresh highs on improved prospects of economic recovery. Investors bet that the regional lockdowns will be relaxed soon as daily…

New Mutual Fund Players

By D@ljit1967 May 28, 2021Markets, Mutual Funds

Mutual fund business is buzzing with new entrants even as many firms await SEBI nod to enter the industry. This month, mutual fund industry saw the entry of two new…

Morgan Stanley’s bull case scenario sees Sensex at 61,000 by December 2021

By D@ljit1967 May 18, 2021Index, Markets, Stocks

Indian equities are likely to outperform their emerging market (EM) peers in 2021, says the latest report by Morgan Stanley and bets on domestic cyclical stocks followed by rate sensitives. The…

AUM:ICICI Mutual displaces HDFC MF from second spot

By D@ljit1967 May 18, 2021Markets, Mutual Funds

ICICI Prudential Mutual Fund has regained its second spot in the list of asset under management as of April-end toppling HDFC MF. Interestingly, SBI Mutual Fund with AUM of ₹5.04…

IDFC MF changes name of dynamic equity fund to balanced advantage

By D@ljit1967 May 18, 2021Mutual Funds

IDFC Mutual Fund on Thursday announced that it has changed the name of its IDFC Dynamic Equity Fund to IDFC Balanced Advantage Fund to maintain uniformity with the peer category.…

Health insurance premiums are set to rise

By D@ljit1967 April 27, 2021Health, Insurance

With Covid on the rampage and claims likely to shoot up in the coming months, health insurance premiums are predicted to rise. This may be a one-off reason, but have…

Mutual funds add 81 lac investor accounts

By D@ljit1967 April 27, 2021Mutual Funds

The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue…