Market and Business News

8 Days to Union Budget 2024: Finance Minister Nirmala Sitharaman will present the interim budget today. This budget is the last budget of the central government before the upcoming general elections. Although the budget presentation date is February 1, the work of preparing it starts months in advance. In such a situation, let us know what the constitution says about the budget and what preparations the government is making to present it. Budget 2024 live updates: Click here Origin of the word budget? First of all, if we know about the origin of the word budget, the word budget comes from the French word bougette, which means a leather bag. It is believed that the government and businessmen keep their earnings and expenditure documents in a leather bag, so the Finance Minister also arrives in Parliament with his documents in a leather bag. The term was popular in Britain and then it was popular in India. What is budget and where is it mentioned in the constitution? There is no d...

Mumbai: As part of increasing exports from the country, the government has reduced the import duty on parts used in the production of mobile phones from 15 percent to 10 percent. The notification issued on Tuesday said that the components for which duty has been reduced include battery covers, main lens, GSM antenna, SIM socket, screws, back cover etc. This announcement of the finance ministry has come before the interim budget to be presented tomorrow. In order to bring down the production cost of mobile phones in the country, companies have been demanding reduction of import duty on parts for some time now. A claim is being made on behalf of the industry body Cellular and Electronics Association that mobiles manufactured in India will be able to compete in the world market especially in terms of price of mobiles from China and Vietnam due to reduction in duty. India's duty rates are high as compared to India's competitor countries China, Mexico, Vietnam and Thailand. Impo...

Economy Growth: The Finance Ministry said in a statement that the Goods and Services Tax (GST) collection, the second largest ever, has increased by 10.4 percent to Rs 1.72 lakh crore. This collection is the second largest ever. For the third time in the current financial year, the GST collection has been recorded at Rs 1.70 lakh crore or more. 1,72,129 crores of GST revenue in 10 months The Finance Ministry has said that the GST revenue was Rs 1,72,129 crore till 5 pm on January 31. Which is 10.4 percent more than the same period last year. It is worth mentioning that the GST collection in January, 2023 was Rs 1,55,922 lakh crore. GST Collection April 2023 Highest The total GST collection for the period from April 2023 to January 2024 has been Rs 16.69 lakh crore. Which is 11.6 percent more than the same period last year. The total GST collection for the period from April 2022 to January 2023 was Rs 14.96 lakh crore. The highest ever GST collection was recorded in April 2023 at ...

Rule Change in February 2024: The rule changes on the first day of every month. Which directly affects the pocket of common people. Starting today, the month of February will see many changes. Budget is presented on February 1 every year for financial planning of the country. Union Finance Minister Nirmala Sitharaman will present the budget today. Along with this, changes in 5 financial rules will also be seen. In which there have been changes like increase in price of LPG, giving one month more time to do FASTag eKYC. Let's see this change... 1. Increase in price of LPG LPG cylinder prices are updated by oil marketing companies on the 1st of every month. In such a situation, the price of LPG cylinder has been increased by Rs 14 in 19 kg commercial gas cylinder on the budget day. The price of which has been increased from Rs 1755.50 to Rs 1769.50. 2. IMPS Money Transfer Nowadays there is no need to go to the bank to transfer money from one bank account to another. In which mo...

Mumbai: Announcing schemes to strengthen rural employment and rural sentiment in the interim budget for the next financial year, which will be presented tomorrow before the Lok Sabha elections in the current year, is becoming very important for Finance Minister Nirmala Sitharaman. As a large proportion of the country's population is engaged in agriculture-related activities, it is expected that rural schemes will be emphasized in the budget. With the Lok Sabha elections in mind, Make in India, Production Linked Incentive (PLI) schemes and fertilizer subsidies are expected to be the highlights of the budget. As for the rural labor market, underemployment and limited opportunities for skill development have continued to be a challenge, while an overabundance of nature-based agricultural work has exacerbated the situation. It remains to be seen how the Finance Minister proposes to address the picture of a large number of rural workers spending several days of the year without wor...

MUMBAI: The country's gold demand is expected to remain subdued in the first quarter of the current calendar year 2024 due to weak jewelery sales, but the full year is likely to see an increase in demand as gold buyers adjust to higher prices, the World Gold Council (WGC) said. was In 2023, gold demand decreased by 3 percent year-on-year to 747.50 tons. In the December quarter, the demand fell by four percent to 266.20 tonnes. While gold prices are currently hovering around record highs, prices will be supported at higher levels in the new year with rising demand in the country. However, an increase in gold imports will lead to an increase in the country's trade deficit and may put pressure on the rupee. India's gold demand has been between 700 and 800 tonnes for the last five years, but it is expected to rise to between 800 and 900 tonnes in 2024, said Somasundaram P, CEO of the Council for India. R. was told by High gold prices have now been eclipsed and demand level...

image : Twitter budget 2024 News Live And LPG Price News | Today, Finance Minister Nirmala Sitharaman will present the Modi government's last and interim budget in Parliament ahead of the Lok Sabha elections. However, even before that, the people of the country have felt a big shock of inflation. In fact, due to the oil marketing companies, the price of 19 kg commercial gas cylinder (LPG Cylinder Price Hike) has increased. How much did the price increase? According to the IOCL website, the price of a 19 kg commercial gas cylinder has been increased by Rs 14. From now on, the price of a commercial cylinder in the capital Delhi has increased to Rs 1769.50. The new rates are effective from today 1 February 2024. Talking about other cities, the price of a commercial cylinder in Kolkata has increased from Rs 1869.00 to Rs 1887. While in Mumbai now it will be available for 1723 rupees. Even in Chennai its price has gone up to 1937 rupees. No change in domestic cooking gas cylinder ...

Budget 2024 live updates | Finance Minister Nirmala Sitharaman will present the final and interim budget of the Modi government ahead of the Lok Sabha elections on Thursday i.e. today. This will be his sixth budget. A pre-election budget is called an interim budget. It is hoped that important announcements will be made for farmers and women in this budget. In this final budget of the Modi government, one can see the direction of the political steps for the next elections along with the appreciation of the performance of the last ten years. Along with it, he will explain the direction in which he wants to take the country forward through the budget. This budget can be based on women, farmers, jobs In the wake of recent landslide victories in three states, the ruling government can now roll out a series of reliefs on agriculture and other sectors, along with announcing measures to boost consumption in the economy, thereby boosting job creation. It is worth mentioning that this budget...

Stocks rally on positive expectations ahead of interim budget: A look at the conclusion of the US Federal Reserve meeting MUMBAI: Despite the possibility of no provision of tax changes being announced in the final Union Budget (Interim-Interim Vote on Account) of the current term of the Modi government to be presented tomorrow-Thursday, the Indian today took positive expectations of new tax-free incentives to the salaried class, entrepreneurs and market investors. There was a boom in the stock markets. Along with domestic positive factors, the US is on the global front. Funds rallied today, led by banking-finance stocks, on signs that interest rate cuts may begin in March ahead of a late-evening decision at the Federal Reserve's meeting. Along with this, the third quarter results of the companies included automobile frontline-heavyweight stocks Maruti Suzuki, Tata Motors, Mahindra & Mahindra along with banking-finance stocks Bajaj Finserv, State Bank of India, HDFC Bank, Axis...

Mumbai: The weather was mixed in Mumbai jewelery market today. Gold prices rose while silver was soft. Market players were eyeing the central government's fiscal budget to be presented on Thursday (today). The market was in a frenzy over whether there was any change in the customs duty on gold and silver in the budget. Meanwhile, gold prices in the world market ranged from 2036 to 2037 highs of 2040 to 2041 to 2038 to 2039 dollars an ounce. Funda was the buyer. However, the rise in gold slowed as the global dollar index rose. Meanwhile, at home today, pre-budget gold prices rose by Rs 200 to Rs 99.50 to Rs 64,800 and Rs 99.90 to Rs 65,000 in pre-budget jewelery market in Ahmedabad today. Ahmedabad silver price was Rs.73000 per kg. The price of silver in the world market was 23.12 to 23.13 dollars per ounce from 23.01 to 23.02 to 23.11 to 23.12 dollars. Brent crude price was 81.98 dollars per barrel and US crude price was 77.04 dollars. Global copper prices were 0.14 percent sof...

New Delhi: By the local mutual fund industry, around Rs. 50 lakh crore corporate bond investments have remained largely stable over the past five years. Actively managed debt funds at the end of April 2019 stood at Rs. 6.73 lakh crore assets were being managed. Debt funds have the facility to invest a large portion of their corpus in corporate bonds. As of last month, his wealth had grown by just 9 percent to Rs. 7.3 lakh crore has been done. According to data from the Association of Mutual Funds in India (AMFI), this slowdown has been seen despite a doubling of assets under management (AUM) during the period. AUM includes assets of fixed schemes and Bharat Bond ETFs. However, the AUM of corporate bond-focused fund schemes does not accurately reflect investor appetite for corporate securities. Many of these schemes also invest in government securities, state development loans and money market instruments. SEBI sources said the IL&FS crisis had shaken investor confidence and red...

Paytm Payment Bank: Online payment service giant Paytm has received a major blow from the Reserve Bank of India (RBI). On Wednesday, the company providing digital payment and financial services has been banned from adding new customers. That means now no new customer can join with PPBL. The central bank said that this decision is being implemented with immediate effect. Deposit-topup will not be accepted Along with banning new customers in Paytm Payment Bank, RBI has announced another order that Paytm Payment Bank will not accept deposits/top-ups in any customer account, wallet and fastag after 29 February 2024. Bank customers will be allowed to withdraw or use increased amount from their accounts including Savings Account, Current Account, Prepaid Instruments, Fasteg, National Common Mobility Card without any restriction. So RBI has clarified that savings bank account, current account and FASTag etc. can be rock-talked without withdrawing or using the deposit amount beforehand. R...

Rule Change in February 2024: The rule changes on the first day of every month. Which directly affects the pocket of common people. The month of February will start from tomorrow. Budget is presented on February 1 every year for financial planning of the country. Union Finance Minister Nirmala Sitharaman will present the budget tomorrow. Along with this, 6 financial rules will be changed tomorrow. 1. Price of LPG LPG cylinder prices are updated by oil marketing companies on the 1st of every month. In such a situation, it remains to be seen whether the price of LPG cylinders will decrease or increase on the budget day. Changes in cylinder prices affect the pocket of common man. 2. Fasteg E-KYC National Highway Authority of India has made Fasteg E-KYC mandatory. Users who have not completed E-KYC for FASTag, their FASTag will be deactivated from February 1. E-KYC has been made mandatory as there are many duplicate FASTags in the market. So that this type of fraud can be stopped. 3...

Image: Freepik Interim Budget 2024 : The Union Finance Minister will present the budget tomorrow. Union Budget will not be presented this time. Before the presentation of the budget, the government has issued a notification regarding mobile manufacturing. According to this notification, 10% discount has been given in import duty on parts used in mobile manufacturing. The government has taken this step to promote export activities from India. In such a situation, it is believed that the prices of the phones may come down after the budget. The impact of the cuts will be seen on the mobile phone industry According to the new notification issued by the government, it includes battery cover, main lens, back cover and mobile parts made of plastic and metal. The decision is in line with recent reports earlier this month. According to these reports, the government is looking to reduce the import duty on mobile parts that play an important role in the production of high-end mobile phones. ...

Image Source: Twitter New delhi date. 31 January 2024, Wednesday UPS Layoffs: Layoffs are ongoing in many major companies around the world. Many giants, including Google, have been laying off employees since the beginning of this year. Now another disappointing news has come out. United Parcel Service, the world's largest parcel delivery company, is going to lay off 12,000 employees. According to the information received, the company may soon take several decisions for truck freight brokerage business Coyote. For this reason the decision was taken On the layoffs, Chief Executive Carol Tom said, 2023 has been a very difficult and disappointing year for the company and the company was investing in artificial intelligence. Along with this, the company was also calling the staff to the office five days a week. However, the decision to cut these jobs is now expected to cut costs by around $1 billion (£790 million). Rising labor cost pressures A report also stated that the new co...

Mumbai: Since the budget for the next financial year, which will be presented on February 1, is an interim one, it does not seem possible to make any major announcements. A major announcement in terms of new taxes or spending is also less likely and the budget will be a non-event. However, Finance Minister Nirmala Sitharaman may try to give an indication of what the policies will be and what the government envisages for fiscal discipline if her government is installed next, an analyst said. Policy directions are expected to be similar to the last few budgets and the budget will also reflect the government's goal of achieving growth with fiscal discipline. Analysts also said that while India's fiscal position is healthy in terms of tax compliance, no major announcement to increase tax collection is likely. said. Factors like strong tax collection, proportional dividend from the Reserve Bank, moderate reduction in capex, higher subsidy expenditure on food and fertilizers, poo...

In January, FIIs brought home the largest amount of money in Asia from India Mumbai: In January this year, foreign investors (FIIs) repatriated $2.62 billion from Indian stock markets, the largest outflows in Asia. After January 2023, January of the current year has once again seen the highest outflows. In January, apart from Sensex, other Asian equities indices such as Hang Seng, Shanghai, Kopsi and Jakarta have seen a decline. But Nikkei and Topics Index have seen improvement. Apart from India, there has been an outflow of 6 million dollars from the Sri Lankan market. But there have been inflows of 12.28 billion dollars in Japan, 2.23 billion dollars in South Korea and 1.72 billion dollars in Taiwan. The figures show that other Asian countries receiving inflows include the Philippines, Thailand, Indonesia, Malaysia and Vietnam. According to assessments, outflows from India have been seen due to weak earnings of Indian companies in the third quarter of the current financial year...

MUMBAI: After the budget week started yesterday with a stormy rally in stocks on the back of Reliance Industries, today again foreign funds booked profit in the corporate results season on the back of the results of Bajaj twins Bajaj Finance and Bajaj Finserv, with Reliance Industries, ITC, Titan including profit booking index based. . The US on the Global Front Funds today eased their bullish overbought positions on caution, discounting the expectation that the Union Budget to be presented by Finance Minister Nirmala Sitharaman on Thursday, February 1, will remain stimulative, with caution that there is no immediate sign of an interest rate cut ahead of the start of the Federal Reserve meeting and the possibility of a delay. was Funds, high net worth investors booked profits despite some expert forecasts of the vote-on account central budget being an overall non-event. Global markets saw a modest improvement in Europe today against overall weakness in Asian markets. Nifty limited de...

Mumbai: Gold and silver prices went higher in Mumbai jewelery market today. However, the closing price was slightly lower than the opening price. World market news was showing progress. Due to this, the import cost at home was raised. The market was keeping an eye on the changes in import duty and customs duty in the budget to be presented on Thursday. Global gold prices increased from 2028 to 2029 to 2040 to 2041 to 2036 to 2037 dollars per ounce. At home, the price of gold in Ahmedabad jewelery market increased by Rs. 100 to Rs. 99.50 to Rs. 64600 to Rs. 99.90 and Rs. 64800 to 99.90. While Ahmedabad silver price increased by Rs.500 per kg to Rs.73000. In the world market, behind gold, silver prices were 23.25 to 23.26 to 23.12 to 23.13 dollars in the range of 23.00 to 23.01 per ounce. Meanwhile, gains in global gold were limited as global crude oil prices fell. Brent crude oil prices were at 81.93 to 82.14 dollars a barrel at a low of 83.65, while US crude prices were down at 76.4...

Ahmedabad: Asset Management Companies (AMCs) have raised a total of Rs. 63,854 crore raised, slightly higher than a year ago amid a bullish market environment. 2022 through 228 NFOs Rs. 62,187 crore was collected. Asset management companies managing mutual fund schemes in the year 2022 through 228 NFOs will invest Rs. 62,187 crore was collected. While in 2021 through NFO Rs. 99,704 crore and in 2020 Rs. 53,703 crore was collected. With changing consumer behavior and higher standard of living requirements, investors know the importance of long-term investment. The pandemic has highlighted the need for financial planning and people are stressing on cash assets to weather the crisis and build wealth. The stock market remained strong in 2023 due to strong economic activities, stable GST collections and confidence in government reforms and policies, but it is unreasonable to expect a repeat of this performance in 2024. Given the high market valuations, caution is warranted regarding inv...

Mumbai: India's steel imports rose to a five-year high in the first nine months of the current financial year. As steel imports increase, India is becoming a net importer of finished steel, preliminary government figures show. Due to increase in economic activity and infrastructural development, domestic and imported steel demand is witnessing a sharp rise in the country. Unlike India, steel demand in Europe and America is slowing down. India has imported a total of 5.6 lakh tonnes of finished steel during the April-December period, which is 26.40 per cent more than the same period last year. During this period, steel consumption in the country has also increased by 14.80 percent year-on-year to reach a six-year high of 10 crore tonnes, which indicates high demand for steel in India. Demand for steel is expected to remain strong as the country's economic growth is expected to be higher than the global growth in the next financial year. Indian steel mills have demanded the ...

Union Budget 2024: The Union Finance Minister will present the Interim Budget on 1 February 2024. This will be her sixth budget as a woman finance minister. Whenever the budget is presented, people have a lot of expectations from the budget because many types of schemes are also announced during this time. But budgeting doesn't always have to be in your favor. If we look at the history of the country's budget, there was a time when the entire country was facing such an economic crisis that the then finance minister had to present a 'black budget'. Let's learn about this incident along with the history of the budget The budget of the year 1973-74 is called the Black Budget In India, the budget of the year 1973-74 is called the Black Budget. At that time there was a Congress government in the country and Indira Gandhi was the Prime Minister of the country. In the year 1971, there was a war between India and Pakistan. At that time the condition of the country was v...

New Delhi: The impact of the ongoing crisis around the Rata Samura waterway will vary depending on different industries. According to a report, 50 percent of the country's exports and 30 percent of its imports were through this route in the last financial year. CRISIL Ratings has prepared a report on the impact of the Rata Samudra crisis on various business segments of the country. Local companies use the Red Sea route through the Suez Canal to trade with Europe, North America, North Africa and parts of Western Asia. In the last financial year, the country spent Rs. 18 lakh crore (50 percent) exports and Rs. 17 lakh crore (30 percent) was imported. According to the report, the total trade of the country in the last financial year was 94 lakh crore rupees. Of this, 68 percent of the value and 95 percent of the quantity was transported by sea. The country imports 30 percent of DAP from Saudi Arabia, 60 percent of rock phosphate from Jordan and Egypt and 30 percent of phosphoric ac...

New Delhi: The impact of the ongoing crisis around the Rata Samura waterway will vary depending on different industries. According to a report, 50 percent of the country's exports and 30 percent of its imports were through this route in the last financial year. CRISIL Ratings has prepared a report on the impact of the Rata Samudra crisis on various business segments of the country. Local companies use the Red Sea route through the Suez Canal to trade with Europe, North America, North Africa and parts of Western Asia. In the last financial year, the country spent Rs. 18 lakh crore (50 percent) exports and Rs. 17 lakh crore (30 percent) was imported. According to the report, the total trade of the country in the last financial year was 94 lakh crore rupees. Of this, 68 percent of the value and 95 percent of the quantity was transported by sea. The country imports 30 percent of DAP from Saudi Arabia, 60 percent of rock phosphate from Jordan and Egypt and 30 percent of phosphoric ac...

MUMBAI: Finance Minister Nirmala Sitharaman's vote on account on Thursday, February 1, ahead of the presentation of the central budget, foreign funds stalled today, Reliance Industries recorded a stormy rally in the last three years, Larsen & Toubro, Tata Motors led local funds in the stocks, local institutional investors saw a universal boom. caused a storm. On the one hand, the local funds, institutional investors, on the expectation that no special new tax burden will be imposed in the central budget and that many reliefs and incentives will be given to the industries as well as to the public before the Lok Sabha elections, were aggressively bullish in the stocks. Sensex intra-day touched the level of 72000 again With all-round gains in capital goods, oil-gas, consumer durables, metal-mining, automobile, banking-financial services stocks, the Sensex intra-day re-took the 72000 level and touched 72010.22 and finally rose 1240.90 points to close at 71941.57. . While the Nif...

Ahmedabad: The year 2024 has had a very good start for the Indian currency Rupee. After remaining almost flat in 2023, it remained flat against the dollar in January as well. The Indian currency has been the best performing currency in Asia so far despite a modest gain of 0.1 percent in January. The dollar index has increased by 2 percent during this period. All other Asian currencies saw a decline of 1.4 percent to 4 percent in January. Market experts say that the rupee has strengthened against the US dollar due to inflow of foreign portfolio investors. The rupee closed at 83.11 against the dollar on Friday and is trading at 83.147 per US dollar, a modest improvement on Monday. Markets are moving on potential inflows from bond inclusions. So far in the month of January, the local debt market has seen around Rs. 15,793 crore has been net investment. India's inclusion in JPMorgan's top bond index since June and the possible inclusion of India's full access route bonds in ...

Mumbai: The prices of gold and silver rose in the Mumbai jewelery market today. As the world market increased, the import level at home increased, and the jewelery market saw an upswing. The safe haven buying of funds was maintained in global gold. Gold prices in the world market today were 2033 to 2034 to 2028 to 2029 dollars per ounce in 2018 to 2019 high. At home, Ahmedabad gold prices rose by Rs.100 per 10 grams to Rs.99.50 to Rs.64,500 and 99.90 to Rs.64,700 while Ahmedabad silver prices rose by Rs.200 to Rs.72,500 per kg. Behind gold in the world market, silver prices were directed at 23.03 to 23.04 to 23.00 to 23.01 dollars in the high range of 22.80 to 22.81 per ounce. Meanwhile, crude oil prices in the world market rose above $84 a barrel to reach a high of $84 and there was news of a further decline. After crude oil prices surged due to a tense atmosphere in the Red Sea and rising tensions in the Middle East, there were indications that the price may fall again amid China...

- Instead of seeing the Ramayana as a myth, we need to think how it can be implemented in the business sector on a day-to-day basis. Ramayana provides administrative knowledge that no book or management teaching institutes can provide knowledge of business administration. - In the Ramayana, Sugriva defeated his stronger brother and regained his kingdom. Because he had joined hands with Lord Rama. Sugriva had Angad as manager. His communication skills came in handy This is when there is a whole day discussion of Ram Mandir and the spirit dedicated to Prana Pratistha as well as a public holiday, there is a need to understand how useful and positive results the principles of Lord Ram can give in the business sector and also need to be implemented. How to deceive the customers and how to make more profit is the main point of the business, nowadays when the business sector is going through the holy atmosphere of Lord Ram's life prestige, instead of chanting Ram Ram, there is a need ...

- Chart Indication - Ashok Trivedi The BSE index (close 71683.23 on 19-01-24) is soft from a top of 73427.60. Currently, the 12 day average is 71912.25, the 48 day average is 70011.81 and the 200 day average is 65929.40. Daily MACD is bearish. The weekly MACD is bullish. Oversold to oversold on daily basis, overbought to neutral on weekly basis and overbought position on monthly basis. Above 71895, 72140, 72485, 72780 resistance levels are considered. 71542 below 70655 below 70200, 69860 is possible. Bank of India (closing price Rs.135.20 on 19-01-24) is in favor of correction from the bottom of 105.50. Currently, the 12-day average is 125.82, the 48-day average is 114.81, and the 200-day average is 96.37. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Above 137 to 147, 158, 165 possible. Below 130, 127 is considered support. Biocon (closing price Rs.276.10 on 19-01-24) is bullish from the bottom of 217.50. Currently, the 12...

- Antenna - Vivek Mehta - America's Micron and Korea's Simtech, India's Tata Group to set up semiconductor plant in Gujarat The plant of the American company Micron has already done special work in Sanand GIDC. Micron will invest approximately 2.75 billion dollars in this plant. In July 2023, an agreement was reached to set up the Micron plant. In just 90 days, all the approvals including the land were given and the installation of the plant has started. Not only Micron, Tatagroup is also getting into fab manufacturing. Discussions are underway with the Gujarat government to set up its unit in Dholera. A Korean company Simtech has also entered into an MoU with the Gujarat government to supply the raw materials required to manufacture semiconductors to Micron. After this agreement, 30 acres of land has also been allotted to them in Sanand GIDC. Simtech plant will be installed in a very small area of ​​this land. Another 249 components needed to make semiconductors will b...

Getting a new registration number under GST law is very difficult and getting the registration number back is even more troublesome. The application for cancellation of registration number is rejected without any reason and then the government cancels the registration number at will by inception. By doing this, the tax credit claim of all the recipients of such a person becomes vacated and the government demands the return of the tax credit sought from the recipient with interest and penalty. including. Thus, arbitrary action is taken and the helpless trader has to keep fighting when the trader's list is delinquent. Section 29(2) empowers the Accounts to cancel the registration number but for the time when the business is going on and the lists are filled. For cancellation of registration number there should be a specific reason. In such a case as to whether the registration can be radically canceled as the sheet is defective, Hon. Before the Delhi High Court Balaji Plastomers Pvt...

- The level of assets managed by funds in December was Rs. Crossing the 50 lakh crore mark, which is a remarkable achievement The level of assets managed by mutual funds in India in December stood at Rs. 50 lakh crore was crossed, which is a remarkable achievement. There is no doubt that over time mutual funds have emerged as the most important institutional investors in the Indian capital market. Assets under management of the mutual fund industry have increased over the last 10 years from Rs 8.25 lakh crore as on March 31, 2014 to Rs 50.77 lakh crore as on December 31, 2023. The total number of investors in mutual funds increased from 88 lakh to 4.2 crore during this period. Currently, assets managed by mutual funds have crossed the 25 percent level of total bank deposits, which means that they are increasingly dominating the country's financial sector. If we look at the scope of stock market development, both mutual funds and individual investors have emerged as important pla...