The assets under management (AUM) of Systematic Investment Plans (SIPs) touched an all-time high of Rs 3.12 lakh crore in November.Inflows through SIPs stood at Rs 8,272 crore as against Rs 8,246 crore in October, registering an increase of almost Rs 26 crore month-on-month.This data was shared by NS Venkatesh, Chief Executive Officer, Association of Mutual Funds in India in a concall held to discuss AMFI monthly numbers.Close In the calendar year 2019 so far, the total inflows through SIPs stood at Rs 65,880 crore.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?Deloitte's Re 1 advisory fee for BPCL disinvestment irks peersCurrently, mutual funds have about 2.94 crore SIP folios through which investors regularly invest in the schemes.AMFI data also shows that the MF … [Read more...] about SIP AUM touches all-time high of Rs 3.12 lakh cr in November; inflows at Rs 8,272 cr
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ICICI Bank share price hits record high; analysts say Rs 600 is imminent
ICICI Bank share price surged 1.5 percent intraday on December 5 as most analysts remain bullish on the stock with many listing it as their top pick among banking & financial stocksThe stock gained 50 percent in the last one year and hit a record high of Rs 537.30 today. It was quoting at Rs 534.75, up Rs 5.40, or 1.02 percent on the BSE at 1039 hours IST.After recent analysts meeting and July-September quarter earnings performance, brokerages started expecting the stock to cross Rs 600 levels in coming quarters.Close In fact, they feel the stock can still give double-digit returns as the lender retained its guidance and on track to deliver healthy sustainable growth going ahead. related news BF Utilities, Kalyani Investment, BEML shares rally 4-10% as BJP ahead in Karnataka bypolls D-Street Buzz: Nifty IT underperforms dragged by TCS; HDFC, BPCL up 2%, YES Bank most active Shaily Engg share price falls 13% after GST authorities search its Rania unit While … [Read more...] about ICICI Bank share price hits record high; analysts say Rs 600 is imminent
India ranks 129 in UN’s human development index
India climbed one spot to 129 among 189 countries in the 2019 human development index, according to a report released by the United Nations Development Programme (UNDP) on December 9.In 2018, India's human development index (HDI) value of 0.647 had put it at 130 rank.In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said while releasing the UNDP's development report 2019 "Beyond income, beyond averages, beyond today: inequalities in human development in the 21st century".Close India's development initiatives like the Pradhan Mantri Jan Dhan Yojana (for financial inclusion) and Ayushman Bharat (for universal health care) were crucial in ensuring that "we meet our promise to leave no one behind and fulfil PM's vision of development for all", she said. related news Ready for high-level panel to monitor long term irrigation fund use: FM Sitharaman PM Modi cautions people against Congress in Jharkhand … [Read more...] about India ranks 129 in UN’s human development index
Infographic Of The Day: Bill Gates Is A Better Superhero Than Batman
Bill Gates is no Steve Jobs. He’s not a charismatic showman or messianic artist-technologist. He’s something arguably better than that: He’s an action hero. Who else but a comic-book superhuman could claim credit for saving nearly six million lives? Such is the argument made by a handsome infographic created by Frugaldad.com called “Redefining Action Hero: Bill Gates is Better than Batman.” (Actually it’s more like one of those long-scrolling graphic slideshows than a true infographic, but we’ll let this one slide.) advertisement Obviously, Bill Gates didn’t literally save every one of those lives with his own two bare hands; Frugal Dad is making a point about the impact of Gates’s philanthropic organization, The Bill and Melinda Gates Foundation, which is dedicated to (among other things) eradicating diseases like malaria, whooping cough, and yellow fever. According to the sources cited, Mr. Gates’s philanthropic … [Read more...] about Infographic Of The Day: Bill Gates Is A Better Superhero Than Batman
India moves from 130 to 129 in human development index: UNDP report
India climbed one spot to 129 among 189 countries in the 2019 human development index, according to a report by the United Nations Development Programme (UNDP).In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said.India ranked 130 last year. The steady progress was due to nearly three decades of rapid development, which had seen a dramatic reduction in absolute poverty, along with gains in life expectancy, education, and access to health care, she said.Close As per the HDI, no other region had experienced such rapid human development progress.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can … [Read more...] about India moves from 130 to 129 in human development index: UNDP report