Investment in equity mutual funds drops 41% to Rs 75,000 crore in 2019

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth. Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well. “While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we…

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EXCLUSIVE: LIC’s equity investment in FY20 likely to reach above Rs 70,000 cr, an all-time high

Life Insurance Corporation of India (LIC) is likely to end FY20 with an all-time high equity investment (gross) of around up to 72,000 crore, an all-time high, sources said. In FY19, LIC invested around Rs 68,620 crore into the equity market. “We have already crossed Rs 33,000 crore and the second half of the year is expected to be robust considering the new business premiums have also seen a high growth,” said an official. While the year-on-year (YoY) growth will be 3.5 percent, LIC’s equity investments hold significance because it is…

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Investment projects worth Rs 65,000 crore to be announced in second ground breaking ceremony

Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday. (Image | PTI) Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday which will see the launch of more than 250 projects worth Rs 65,000 crore. Speaking to India Today, state industrial development minister Satish Mahana said “The first ground breaking ceremony last year was highly successful and this time again more than 250 projects worth around Rs 65,000 crore rupees will be announced in…

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Ola Invests $100 Million In Scooter Sharing Firm Vogo To Supply 100,000 Scooters

  Bhavish Aggarwal, Co-founder & CEO with Anand Ayyadurai, Founder & CEO, Vogo App-based ride-hailing platform Ola has announced that the company will be investing $100 million (around ₹ 710 crore) in Vogo – India’s fast-growing scooter sharing network. The investment will go into the supply of 100,000 scooters by Vogo that will be used for short commutes. The collaboration will help Vogo gain a strategic supply advantage without having to incur signfiicant capital expenditure, while Ola’s 150 million customer base will be able to use Vogo’s services directly from…

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Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…

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How to earn Rs 50,000 monthly via investing in mutual funds?

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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