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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Indian Railways working on technology to achieve Mission 41 K; know what it is

Indian Railways is working on technologies that will enable 40% substitution of diesel by compressed natural gas (CNG) in locomotives and nine-zoned solar panels on diesel electric multiple units (DEMUs). The move will help railways achieve its ‘Mission 41K’ target and reduce carbon footprint. The development comes close on the heels of railways flagging off a solar-powered DEMU, a six-coach rake, which is expected to save 21,000 litre of diesel annually, translating to savings of Rs 12 lakh, and also cut carbon emission by 9 tonne per year. Such initiatives are…

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