News and Updates

UPI AutoPay is mandated by Mirae Asset Mutual Fund Now!

UPI AutoPay is mandated by Mirae Asset Mutual Fund Now!

The UPI AutoPay Mandate for SIP registrations has been launched, as stated by Mirae Asset Mutual Fund. In order to assist Mirae Asset Mutual Fund investors in registering a SIP mandate utilizing the UPI AutoPay function, KFintech, BillDesk, and Mirae Asset Mutual Fund have collaborated to launch this project. According to the fund company, it …

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Old Bridge MF Enters the MF Market

With A Targeted Fund, Old Bridge MF Enters the MF Market

By submitting a draught offer document for Old Bridge Focused Equity Fund, the fund’s initial offering in the focused fund category, Kenneth Andrade’s Old Bridge Mutual Fund has entered the mutual fund industry. The fund will make 30 stock investments ranging in market value. The performance of the fund will be measured against the S&P …

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Baap of Charts

SEBI Bans Baap of Charts YOUTUBER Ansari From Security Market!

The market regulator has alleged that Ansari was providing trading recommendations under the guise of educational courses for which he even charged a huge amount of fee. It is also alleged that he was enticing customers/investors to purchase his courses/workshops through misleading or false information. Ansari or better known as Mohammed Nasiruddin Ansari, is an …

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Mutual Funds Utilizes Your Money in Only 10% Of The Total Market Shares

Mutual Funds Utilizes Your Money in Only 10% Of The Total Market Shares

A shocking news has emerged regarding mutual funds a few weeks back. Currently, data has displayed that mutual funds do not invest money in about 90% of the companies in the stock market. You must have purchased some mutual fund scheme through SIP as there are a total of 427 active mutual funds schemes in …

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Groww leave behind Zerodha to become the top brokerage in active investors.

Groww leave behind Zerodha to become the top brokerage in active investors

Groww is a new Indian startup that has currently  surpassed the common trading household name Zerodha as the largest stock broking service in India. The founders, Nithin and Nikhil Kamath have now entered the clan of millionaire brothers who envisioned their glory via this user-friendly app that is ruling every investor’s heart . Surprisingly, Groww …

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Effect of the Israel-Hamas War on the Indian Stock Market

Effect of the Israel-Hamas War on the Indian Stock Market

During the week before, more than a thousand people were killed in an attack in Israel by the Palestinian militant group Hamas. It was anticipated that the market would respond to the current circumstances on Monday, and as a result, the market dropped. On Tuesday, though, the market recovered and ended the day about 1% …

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RBI Monetary Policy Updates

RBI Monetary Policy 2023 – Top Highlights of RBI Governor Shaktikanta Das Announcement

Today, October 6, the Reserve Bank of India (RBI) released its fourth bimonthly monetary policy. The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, kept rates and stance unchanged as anticipated. The MPC unanimously opted to maintain the policy repo rate at 6.50%. As a result, the bank rate, marginal standing facility, and …

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2,000 Notes News

Important Update: Exchange of Rs 2,000 Notes Limited to RBI Offices UPTIL October 7th

The Reserve Bank of India (RBI) has prolonged the timeframe for the exchange and deposit of 2,000-rupee notes until October 7th. It’s worth noting that on May 19, the RBI discontinued the use of 2,000-rupee notes and provided a grace period of approximately four months for individuals to either deposit or exchange these notes. The …

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Nifty50 Crosses the 20,000 Milestone

For the First Time Ever, the Nifty50 Crosses the 20,000 Milestone

On September 11th 2023, The Nifty 50 index soared beyond 20,000 today, setting an all-time high, marking a significant historical landmark for the Indian stock market. This outstanding accomplishment serves as proof of India’s economy’s durability and prosperity despite several difficulties and uncertainties in recent years. The Nifty has risen by 17 percent since the …

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