Investing
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October 2024: Indian Mutual Funds Attract a Whopping Rs 2.4 Lakh Crore Inflows
The Association of Mutual Funds in India (AMFI) has reported that monthly inflows into mutual fund Systematic Investment Plans (SIPs) breached the Rs 25,000 crore threshold for the first time in October 2024. SIP contributions for the month surged to Rs 25,323 crore, marking an all-time high compared to Rs 24,509 crore in September 2024. A year ago, in October…
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Crypto Boom! Dogecoin Jumps 25% as Bitcoin Surpasses $87,000!
The price of bitcoin and other cryptocurrencies surged on Monday, continuing a rally that began last week following the reelection of former President Donald Trump. Bitcoin rose nearly 11%, surpassing $87,000 for the first time, setting a new record. Ether, the second-largest cryptocurrency, gained 5.5%, while lesser-known coins like Litecoin and Dogecoin saw significant increases, with Dogecoin jumping nearly 25%.…
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Bitcoin Hits Record High as Investors Bet on Trump Victory
Bitcoin has surged to a new record high as investors speculate on a potential Donald Trump victory in the US presidential race, viewing him as a pro-crypto candidate. The cryptocurrency climbed to an impressive $75,005.08 on Wednesday morning, surpassing its previous peak of $73,797.98 reached in March. Russ Mould, an analyst at AJ Bell, highlighted that Bitcoin’s price has closely…
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Motilal Oswal Launches Four New Index Funds Targeting Mid & Small-Cap Growth
Motilal Oswal Mutual Fund has introduced four new index funds, targeting growth within mid and small-cap sectors, aimed at investors with a high-risk appetite. The new offerings are the Motilal Oswal Nifty MidSmall Healthcare, IT and Telecom, India Consumption, and Financial Services Index Funds. These funds are now open for subscription from October 29 to November 6. Recent research by…
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Why the Indian Mutual Fund Industry is Set to Explode: Jio Financial and BlackRock are Changing the Game
The Indian mutual fund industry has been on a remarkable journey, growing from Rs. 25 akh crores to a whopping Rs. 66 lakh crores today. But this is just the beginning. With the recent entry of Jio Financial Services, in partnership with global investment giant BlackRock, the industry is poised for a revolution. Mr Rajesh Shukla Whenever Reliance Industries steps…
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Bank of India Offers Up to 8.10% Interest on New Fixed Deposit Scheme
In celebration of the festive season, Bank of India (BOI) has introduced a new 400-day fixed deposit scheme that offers attractive interest rates to various customer segments. This initiative aims to provide customers with a lucrative investment opportunity during the festive period. Here are the key highlights of the new fixed deposit scheme: Attractive Interest Rates: The scheme offers competitive…
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India’s First Cathode Active Material Manufacturer, Altmin Announces an Investment Outlay $100 Million
Hyderabad based Altmin Private Limited, the pioneer in manufacturing of cathode active material for Lithium-Ion Batteries in India, has announced an overall investment outlay of 100 million usd over the next five years. The company successfully secured growth capital from a prominent Indian family office, renowned as a leading manufacturer of Iron Phosphate and other precursors in India, accruing 22%…
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SMC Capitals Expands its Global M&A Foot Print, Forms Strategic Partnership with Translink Corporate Finance
SMC Capitals, a leading investment bank, is delighted to announce its strategic collaboration with Translink Corporate Finance (www.translinkcf.com), a global mergers and acquisition group, to offer Indian companies a global platform for cross-border M&A opportunities. The partnership strengthens SMC Capitals international capabilities through Translink’s global network and expertise. Combining analytical approach with over three decades of local experience, SMC is…
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Does Repo Rate Pause Mean Good Times for the Real Estate Sector
The Reserve Bank of India (RBI) declared that the repo rate, which remains at 6.5% from the most recent review meeting, has not changed for the first time in the previous 12 months. The RBI has kept the repo rate at its current level. The real estate industry has praised the RBIs shift to a more accommodating posture as a…
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DSIJ Investor Program Receives Overwhelming Response
Dalal Street Investment Journal conducts Investor Awareness Program (IAP) on wealth creation to reach out to investors across India with the sole mission of educating investors and guiding them to follow a well – planned and rewarding investment routine in both direct equity as well as Mutual Funds. The DSIJ Family is blissful and proud of having completed 68 Investor…
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