The silver lining is that the mutual fund industry added 11.16 lakh new SIP accounts in August. Almost equal additions were made in the month of July as well. Currently, mutual funds have about 3.30 crore SIP folios through which investors regularly invest in schemes. … [Read more...] about Mutual funds managed 3.30 crore SIP accounts as on August 31; inflows fall a tad
Investing in funds
Sovereign gold bonds (SGB): SGB is issued by the RBI in tranches through scheduled commercial banks, recognised stock exchanges, designated post offices, etc. The minimum and maximum investment allowed to each individual investor per financial year is 1 gram and 4 kg, respectively. In addition to the potential of capital appreciation, SGB investors also benefit in the form of interest of 2.50 per cent annually payable in half yearly rests. While the interest income is taxable as per the tax slab of the investor, any capital gains resulting from the redemption of SGB is tax-exempt. Indexation benefits are applicable on long term capital gains arising out of transfer of bonds to other individuals. Another major advantage of SGB is the ability to use it as a collateral for availing bank loans. … [Read more...] about What’s the best way to invest in gold now?
About 80% PMS schemes outperformed Nifty in August, rise up to 25% MoM Societe Generale buys 0.7% stake in Strides Pharma, Mayfield XII Mauritius offloads 4.8% shares in Tejas Networks Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO … [Read more...] about Invesco Mutual Fund launches Focused 20 equity fund
“The research team works closely with fund houses to create short explainers. Then, either me or Gaurav explain these products through short videos in a language our target customers can understand. This has been a big hit among our advisors,” said Kothari. … [Read more...] about A former Policybazaar executive’s startup shows how mutual funds can be sold successfully in rural India
Biofourmis Therapeutics will focus on pioneering an entirely new category of medicine by developing clinically validated software-based therapeutics to treat and manage patients with unmet clinical needs. Biofourmis Health will focus on virtual care models to manage patients remotely as they transition from acute to post-acute care. … [Read more...] about Biofourmis raises $100 million funding led by SoftBank Vision Fund 2