aditya birla name change

Name Change of Aditya Birla Mutual Funds: 18 Changes (and What You Should Do About It)

by Shikhar Singh • March 27, 2018

Aditya Birla Mutual Fund Company is changing the names and category of some of its mutual funds. Mutual fund schemes of many mutual funds are being changed after a recent circular by SEBI. This move by SEBI aims to make investing simpler for investors. The new rule states that every mutual fund company can only have […]

reliance small cap stop investments

Reliance Small Cap Fund to Stop Taking New Subscriptions

by Shikhar Singh • March 24, 2018

Reliance Small Cap Fund will stop taking new subscriptions from the 26th March 2018. A newspaper notice by Reliance Mutual Fund announced this on 23rd March 2018. This move comes after the small-cap fund’s Asset Under Management (AUM) swelled to an all-time high Rs 6371 crores. Reliance Small Cap Fund to Stop New Subscriptions This […]

Indians Shifting from Gold & Property to Mutual Funds and Stocks

by Groww • March 22, 2018

According to a survey conducted by Credit Suisse, Indian are shifting from more traditional investments like gold and property to mutual funds and stocks. In their survey, Indians’ most preferred means of saving money is a bank account, followed by life insurance, followed by gold, followed by property, and then finally mutual funds and stocks. […]

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Ray Dalio – World’s Biggest Hedge Fund’s Manager on India

by Groww • March 7, 2018

Here are a few quick highlights of what Ray Dalio, the world’s biggest hedge fund – Bridgewater has to say on India: Interest rate in India is a much bigger concern that might affect the economy of the nation. Oil prices aren’t as big a concern. His computer projected study predicts the best growth in India […]

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Warren Buffet’s Message to Investors

by Groww • February 26, 2018

The general message to investors was to be patient. This comes after many investors are impatient wanting to know about the legendary investor’s next big acquisition. Buffet mentioned that the cost of buying new businesses was at an ‘all-time high’. The cash pile of Berkshire Hathaway is at $116 Billion – which is 34% higher […]

EPFO Rate Cut: From 8.65% to 8.55%

by Ankit Jain • February 23, 2018

The Employees’ Provident Fund Organisation (EPFO) on 21st February declared lower interest rate for 2017-18 in comparison with the previous year. The provident fund deposits this year will give an interest rate of 8.55% which is less than 8.65% of 2016-17. This is the second time in a row that the EPFO has reduced the interest […]

Complete History of PNB Since Inception

by Pijush Biswas • February 20, 2018

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi. The bank was founded in 1894. As of 31st March 2017 the bank has over 80 million customers, 6,937 branches, and 10681 ATMs across 764 cities. However, the bank’s rich history has been tarnished by the $ 1.77 billion (over […]

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Fund Managers Pick Up Mid-cap Companies

by Groww • February 14, 2018

Various fund managers have picked up stocks of mid-cap companies. Mid-caps had recently seen a great dip around the time the new LTCG tax was announced followed by the correction in Dow Jones. Reliance Mutual Fund picked up Varun Beverages. Kotak Mutual Fund picked TVS Motor Company ICICI Prudential picked Zee Entertainment Enterprises A few […]

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Budget 2018-19: What Experts Say

by Groww • February 5, 2018

The recently announced Budget 2018-19 has drawn strong reactions from all sides. While some are very impressed, some are very upset too. The re-introduction of long-term capital gains (LTCG) tax has been particularly discussed. Below is what various experts have to say about the new budget. Infrastructure & Energy Pranay Bhatia, Tax and Regulatory Services […]

infrastructure budget 2018-19

Impact of the Budget 2018-19 on Infrastructure Sector and its Effects on Mutual Funds

by Pijush Biswas • February 3, 2018

Finance Minister Arun Jaitley on 1st February presented Union Budget 2018, which largely focused on the uplift of the agriculture sector, along with a major push to healthcare and education sectors in the country. At the same time, Finance Minister Arun Jaitley also stressed on developing nation’s infrastructure. India will invest as much as ₹ […]

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Budget 2018-19: Detailed Analysis and Impact of Budget on Various Sectors

by Groww • February 3, 2018

Finance Minister presented Union Budget for the fourth time in Lok Sabha. The main focus this time was on Agriculture and Health Care. As promised by the PM, in initial years, to increase the income of farmers by 2 times by 2022, this budget has got great news for farmers and other agriculture sectors. Health care […]

LTCG Tax 2018: How Will This Affect Your Mutual Funds

by Ankit Jain • February 1, 2018

A 10% LTCG tax(Long Term Capital Gain tax) has been introduced for capital gains exceeding Rs 1 lakh. Finance Minister Arun Jaitley has introduced a Long-Term Capital Gains Tax of 10% for Capital Gains exceeding Rs 1 lakh in a year. This tax will be charged without providing the benefit of indexation. LTCG Meaning Before […]

Union Budget 2018-19: Biggest Highlights of the Day

by Groww • February 1, 2018

Finance Minister Arun Jaitley presented the Union Budget 2018-19 today at 11 AM. According to Mr. Jaitley, the government has implemented a series of fundamental structural reforms to help the economy. Sector-wise highlights of the budget: Fiscal Situation: Fiscal deficit is currently 3.5% of the GDP at 5.95 lakh crore. GST will now be received […]

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Union Budget 2018-2019: Quick Updates

by Groww Staff • February 1, 2018

Follow the Union Budget 2018-2019 here  Defence industrial corridors   in both public and private sectors to promote domestic production in the country. Companies with revenue up to ₹250 crore a proposal to  extend 25% corporate tax rate. Critical illness deduction for senior citizens. For senior citizens, exemption of interest income on bank deposits raised to ₹50,000  Farmer producer companies […]

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Union Budget 2018-19: Expectations and Their Effects

by Pijush Biswas • January 31, 2018

The union budget 2018-19 will be the first post-Goods and Services Tax (GST) era budget of India. It is also the last full budget before the general elections in 2019 and will be presented on 1st February 2018 by India’s Finance Minister, Mr. Arun Jaitley. Different sectors and the general public have high expectations for the […]

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Galaxy Surfactants IPO: Should You Invest in this IPO?

by Shikhar Singh • January 29, 2018

Galaxy Surfactants IPO date starts today, 29th Jan 2018 and will remain till 31st Jan, 2018. Should you invest in this IPO? Will Galaxy Surfactants share price rise after it is launched? Here are some insights that will help you to make an informed decision. UPDATE: Subscribed 1.24 times at the end of Day 2. […]

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Expectations from Union Budget 2018-19: What Does the FM Plan for the Nation?

by Niraj • January 24, 2018

With the budget soon approaching us, its time to see what is expected from the government this fiscal year. The Gujarat Elections Effect The recently conclude Gujarat elections undoubtedly gave goosebumps to all the leaders of BJP including the Prime Minister and the Party President. For a brief moment, the market and BJP followers had […]

Sensex Hits 35,000: Effect on Mutual Funds

Sensex Hits 35,000: Effect on Mutual Funds

by Mridul Agrawal • January 18, 2018

On 16th January 2018, India’s benchmark stock market indices Sensex touched the 35,000 mark. This marks a new milestone in the journey of Sensex, which has risen more than 15% in the past one year. This spike in the upward direction was fuelled by government’s decision to reduce its planned borrowings to ₹20,000 crore from […]

JioCoin What We Know About it

JioCoin: Reliance Plans Crypto Coin. Heres What We Know About It?

by Shikhar Singh • January 12, 2018

Reliance Plans Jio Coin Various reports across the media suggest Reliance Jio is planning to launch its own blockchain – JioCoin. The Jio Coin Project is supposedly going to be led by Mukesh Ambani’s eldest son, Akash Ambani. According to various media reports, 50 young professionals around the age of 25 years will be hired […]

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Nov 8 2016 Demonetization: Impact on Mutual Funds in One Year

by Mridul Agrawal • November 8, 2017

Prime Minister Narendra Modi on the 8th of November, 2016, announced the withdrawal of Rs 500 and Rs 1,000 denomination of notes. He called this step necessary in the government’s fight against corruption and black money. The legal tender character of the abovementioned denomination of bank notes stood withdrawn. Thereafter, these notes could not be […]