The final date for mutual fund investors to furnish their nomination particulars for their mutual fund portfolio is set for September 30, 2023. Failure to comply with this directive, as outlined in the new regulation established by the Securities and Exchange Board of India (SEBI), will result in the freezing of the portfolio. In its …
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 …
For the First Time Ever, the Nifty50 Crosses the 20,000 Milestone Read More »
Recently, AMFI (Associations of Mutual Funds in India) published data signifying the average AUM (Assets under Management) per year in 2023. The distributor, which tops the list with aggregate Rs. 1.44 lakh crore AUM in the financial year 2022-2023 is the largest government bank in India, the SBI (State Bank of India). By calculation, the …
State Bank Tops the Distributor’s in AMFI FY 2022-2023 Read More »
Honoring the memory of Rakesh Jhunjhunwala, the legendary Dalal Street Big Bull, on the occasion of his first death anniversary. The D-Street stockbroker who showed many retail investors to pave their way in the stock market world. A chartered accountant himself, Rakesh Jhunjhunwala started his journey with Rs. 5000 in 1985 and made his way …
Paying Tribute to Rakesh Jhunjhunwala: The Big Bull of D-Street! Read More »
Recently, RBI governor Shaktikanta Das announced that now users can transact an amount upto 500 rupees instead of the previous 200 rupees without UPI pin for easy transaction via UPI Lite wallet. UPI Lite is an on-device wallet, which means it allows users to navigate the payments via the digital payment wallet. The RBI governor …
RBI Declared ₹500 Transaction Without Pin Limit Via UPI Lite from ₹200 on Thursday Read More »
Divorce can be a taxing process for many couples, especially those who are of high-profiles. Over the years, a lot many divorces resulted in a whopping amount of settlement. Parting ways of the wealthiest and famous couples has always made headlines for the costliest divorces in history. With divorces rising day by day, it is …
Breaking Hearts to Breaking Banks: The World’s 5 Most Expensive Divorces Read More »
An all-time record of the past 18 months Demat account opening counts reached 12.35 crore in a retail spree. From January 2022 to July 2023, the total deposits in CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited) became 30 lakh high, which is around 50 percent higher than the average of the …
Demat Account Opening Strikes Record of 18 Months High on July 2023 Read More »
CAMS (Computer Age Management Services), one of the largest Indian mutual fund transfer service agencies has taken an absolute step leveraging artificial intelligence in their KYC registration process. CAMSKRA or CAMS KYC registration process brings a new solution to onboard customers in a new & seamless way, which completes the process within some minutes. Some …
CAMS AI-Embedded KYC Is the Next Step in the Onboarding Process Read More »
Recently, Jio Financial Services (JFS) & investment giant BlackRock has joined hands to their new venture Jio BlackRock that will focus on digitized investment solutions worth 300 million initially. As per the President and CEO, JFS Hitesh Sethia, “The partnership will leverage BlackRock’s deep expertise in investment and risk management along with the technology capability …
Jio Financial Teams Up with BlackRock to Form an Asset Management Company Read More »
Recently, the center has cleared the interest rate of 8.15% of EPF funds, which was decided earlier in the year on March 28 by the Central Board of Trustees (CBT). The Ministry of Labour and Employment of the Government of India has cleared by a report on July 24 referring to this matter under para …
Central Government Approved EPFO Rates at 8.15% in 2022-2023 Read More »
