Fintech company super.money, backed by Flipkart, has introduced ‘superFD’, a fresh fixed deposit (FD) offering that includes Unified Payments Interface (UPI) payments and offers interest rates of up to 9.5%. The platform has joined forces with small finance banks approved by the RBI to provide these FDs, which are backed by insurance of up to … Read more
Baroda BNP Paribas Mutual Fund has announced the launch of Lakshya SIP, an investment solution that merges the advantages of a Systematic Investment Plan (SIP) and a Systematic Withdrawal Plan (SWP). Geared towards long-term wealth accumulation and consistent monthly earnings, Lakshya SIP is designed to assist Indian investors in attaining financial independence and achieving … Read more
Many individuals aim to achieve the status of a crorepati, aiming to acquire wealth to the fullest extent possible. Yet, a significant portion of the population believes that reaching this goal is out of reach, leading them to neglect efforts in that direction. This can be debated. By committing to saving even a small sum … Read more
After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. The aftershocks of the COVID-19 pandemic combined with geopolitical upheavals, a supply shock … Read more
Mumbai: The pace of retail investor flows into the stock market could reduce as the trailing 12-month returns drop towards ‘0’ in another three to four weeks, said Jefferies. History shows that a sustained property market boom and higher market volatility also impact flows from smaller individual investors, the brokerage said. Between March 2020, when … Read more
(This story originally appeared in on Sep 25, 2021) MUMBAI: There’s no reason for investors in the stock market to feel fearful when the benchmarks are at record peaks, provided they’ve invested after due diligence relating to their risk-taking ability and have several years on their hands before they would need the money. New investors, … Read more