Connect with us

Business

Mutual Fund News: SBI Mutual Fund holds its No: 1 position

SBI Mutual Fund has retained its number one position with Asset Under Management (AUM) of Rs 5.11 lakh crore. It is the first mutual fund house in the country, with an Asset Under Management (AUM) of more than five lakh crore rupees.

Published

on

Mutual Fund News

SBI Mutual Fund has retained its number one position with Asset Under Management (AUM) of Rs 5.11 lakh crore. It is the first mutual fund house in the country, with an Asset Under Management (AUM) of more than five lakh crore rupees.

There is a big reshuffle in the mutual fund industry of the country. Based on Asset Under Management (AUM), ABI Mutual Fund retained its position at number one, the same HDFC Mutual Fund (HDFC Mutual Fund) has slipped from number two to number three. ICICI Prudential has climbed from the third position to the second position. This information is obtained from the portfolio disclosure on AMC’s website.

In April ’21 month, ABI Mutual Fund (SBI MF) retains its number one position with an AUM of Rs 5.11 lakh crore. Asset under management of HDFC mutual fund i.e. AUM is Rs 4.07 lakh crore, while ICICI Prudential Mutual Fund has AUM of Rs 4.12 lakh crore.

Mutual fund experts say that ICICI Prudential Mutual Fund has outperformed in schemes like equity, debt and hybrids for the past one year. Whatever decision it has taken in equity has been taken keeping in mind the value. This fund house has given better returns to investors in a year. If you talk about debt, then this debt has been able to give positive returns to investors. When it comes to hybrid funds, this fund house constantly focuses on asset allocation. Asset allocation gives investors the advantage that when the market is up, the investment in it decreases and when the market is down, the investment in it becomes more. This gives investors a better return.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Trade between India and China increased, our country’s exports were fast

According to data released by the Ministry of Commerce and Industry, India imported $ 65.21 billion from China in 2020-21. Trade between India and China was $ 65.26 billion in the previous year.

Published

on

India China

Trade between India and China has increased between India and China in 2020-21. It is surprising that this has happened in a year when global trade has declined due to the lockdown in many countries to prevent the corona epidemic from spreading.
In the same year, there was tension between the two countries over the issue of border and a prohibitive atmosphere was created against China by taking Chinese app, mobile and investment in India.

According to data released by the Ministry of Commerce and Industry, India imported $ 65.21 billion from China in 2020-21. The figure was $ 65.26 billion in the previous year.

However, exports from India to China stood at $ 21.19 billion, a 27.5 percent increase over the previous year.
Imports of telecom devices declined to $ 6.48 billion due to the central government encouraging local manufacturing and assembly of mobile phone ports. It was $ 15.59 billion in the previous year.

Sugar chemicals continue to be a major source of ingredients for India, particularly for the pharmaceutical industry. Their demand has increased due to increasing demand for medicines. However, the import of automobile components from China has decreased. Iron ore, steel and organic chemicals were exported more from the country to China. Exports were higher due to increase in global prices of steel along with iron ore and this is one of the biggest reasons behind increasing exports from China to China.

Continue Reading

Business

Post-budget views shared by Mr. Rishab Mehta

Published

on

“This year’s Union Budget was in the spirit of “do no harm” in terms of any adverse policies being implemented. Broadly, the various decisions laid out in this year’s budget are more “incremental” rather than “transformational” in nature. Accessibility and affordability of education across the weaker economic strata of society has been a perennial challenge in our country, especially this year with the disparity increasing manifold due to lack of online education infrastructure both at the school and student level. This year’s budget has indicated a good intention of progress in addressing this gap. The government’s decision to strengthen over 15,000 schools under NEP, set up 100 new Sainik Schools, raise the allocation for ‘Eklavya’ schools in hilly areas, etc. will provide a fillip to quality education. 

This budget has also laid down several measures that are further boosting the cause of both startups and especially fintech startups. Once again, we believe the steps taken relating to startups, although incremental in nature, point towards a long term policy goal of the government to significantly boost the sector via favorable policies, albeit with incremental steps taken every year instead of a big-bang transformational reform. The decision to extend capital gains tax exemption by another year is another step in that respect. Specific to fintech, the setting up a world-class Fintech hub at Gift city will add impetus and government recognition to the growing relevance of Fintech companies in India, which is essential considering that it is a regulated sector.”

Continue Reading

Business

Mahavirprasad Saraf Completes Six Decades of Selfless Social Service

Published

on


Quenching the thirst of lakhs of commuters in Mumbai, setting up benches at public places for the tired people, arranging for healthcare and wellness of the underprivileged, providing good quality education to all, engaging in women and children welfare, Promoting art, literature, and culture without prejudice. It is the Ghanshyamdas Saraf Trust, a leading Charitable Trust in the city, that has touched the lives of lakhs of Mumbaikars by providing unique solutions.


 






 Shri Mahavirprasad Saraf releasing ‘TARPAN 60’ – citing various activities of the Trust


 


One charitable trust has been relentlessly working for the last 60 years to provide viable solutions to many questions of social service in different walks of life. Over the last six decades, the Trust has contributed significantly to the welfare of the poor and needy in Mumbai. On this occasion, a souvenir titled ‘TARPAN 60’ has been released, highlighting the activities of the Trust under the guidance of Shri Mahavirprasad G. Saraf – Founder and Managing Trustee.


 


Mahavirprasad Saraf, 87, a well-known Industrialist and Philanthropist founded Ghanshyamdas Saraf Trust and in the span of 60 years, the Trust has initiated and accomplished innumerable welfare projects such as social service, educational endeavors, women’s welfare, child development, rehabilitation of the handicap, relief for visually challenged people, health care, sports development, patronizing art, literature and culture etc. Most importantly, the Trust has done it without making caste, creed or religion as the criteria for his benevolence.


 


Reflecting on the long journey of philanthropy, Mahavirprasad Saraf said, “Taking inspiration from my father whom I always witnessed helping and feeding poor and needy, I began my journey with the auspicious act of constructing Shree Hanumanji Mandir in Malad East, followed by the construction of Saraf Matru Mandir – a Dharamshala for the common man and later went on to install a record 21,695 benches till date to provide rest to tired citizens at public places and the efforts are still on to provide more benches, wherever they are needed.” This contribution has featured five times in the Limca Book of Records. For thirsty commuters, he has set up 97 Pyaus (Drinking Water Huts) at Railway Stations which has also been recorded in the Limca Book of Records.


 


A glimpse into the wide spectrum of his relentless philanthropical work will leave you amazed and inspired:


 


For Healthcare and Wellness of the people, he has sponsored to set up a 10,000 sq. ft. Durgadevi Saraf OPD, 9,000 sq. ft. State of Art Kirandevi Saraf Imaging Centre for CT Scan & MRI and a Maternity Ward at Nanavati Hospital, Burns Ward at V N Desai Hospital, Eye OPD Ward, 23 Ambulances and organized many Eye Camps.


 


For promoting Education he has set up the Ghanshyamdas Saraf College, Durgadevi Saraf Junior College, Durgadevi Saraf Institute of Management Studies, Centre of Excellence, Learning Centre, Library and Reading Room, 2 Hostels for Adivasi Boys & Girls, Computer Centres, Balwadi, Bal Mandir, etc.


 


For Women & Child Welfare he has donated Sewing Machines, Water Filters, Pressure Cookers, Mixers, etc, opened Sewing Classes, held many Karyashalas.


 


For Community Service he has also set up 5 Halls for holding community functions, 6 Sarvajanik Sauchalayas for convenience of public, Rooms for Senior Citizens at old aged home, 4 rooms at Gujarati Bhavan, Jogeshwari, Public Library, Yoga Centre, Gymnasiums for handicapped, Tricycles, Wheel Chairs, PCO’s, Therapy Centre and to visually challenged people Braille Watches.


 


To promote Art, Literature and Culture hundreds of writers are given help to publish Books, instituted Literary Awards, Gold Medals, Cash Awards, Raas Garba, Geet- Gaan Spardhaas etc. Sports development has also been actively promoted by the Trust.


 


The list of his tangible work for the poor and needy in the city is endless and his contribution in the field of social service is legendary. In recognition of his vast and dedicated social services, Mahavirprasad has received many honors that have been bestowed upon him at the hands of the President and Vice-President of India, Chief Minister, Income Tax department Ministry of Finance and other voluntary organizations.

Story has been sourced Source link

Continue Reading

Trending

Copyright © 2021 DigitalGaliyara (OPC) Private Limited