Market and Business News

MUMBAI: Net inflows in equity mutual funds fell by 9 per cent to Rs. 4.5 crore, though net capital inflows remained unchanged for the sixth consecutive month. According to data released by the Association of Mutual Funds in India (AMFI) on Wednesday, net inflows into equity mutual funds declined by 3 per cent in August against a capital inflow of Rs 4.5 crore in July. Equity Mu in August. In the funds segment, the net inflow stood at Rs 4.5 crore against a total investment of Rs 2,62 crore, with a withdrawal of Rs 2,006.05 crore. Thus, new capital inflows into the equity segment have declined in August compared to July, but investors are continuing to pour in capital as the attraction towards systematic investment plans remains. In August, investors invested Rs 2.15 crore in SIPs. With this, the total number of SIP folios has increased from 2.15 crore in July to 4.5 crore in August. So the total AUM of SIP has also increased from Rs 4.05 crore to Rs 4.5 lakh crore at present. In Au...

Surat: India's importers and exporters are facing difficulties due to political unrest in Afghanistan. In which, the concern of Surat traders has increased as the payment of Rs 2,000 crore of textile industries has been trapped. According to Champalal Bothhar, general secretary of the Federation of Surat Textile Traders Association, we used to send textile fabrics and textiles to Afghanistan via Dubai. When we saw that it was getting cheaper to export from Bangladesh, we started sending goods from Bangladesh to Afghanistan. However, exports have stalled due to the Taliban crisis. There is no information on when the outstanding payment will be received. Our traders are stuck with payments of Rs 5,000 crore. Afghanistan exports readymade garments and turbans such as silk fabrics, scarves, dresses and kaftans made in Indian textile mills. The Federation of India Export Organizations (FEO) has asked importers and exporters to wait for the outstanding payment. According to Fiona Dire...