technology sector

Crorepati goal through SIPs: Rs 2,600 a month in this fund for 24 years gave more than Rs 1 crore; check details

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Crorepati goal through SIPs: Rs 2,600 a month in this fund for 24 years gave more than Rs 1 crore; check details

Becoming a crorepati by investing in mutual funds is an achievable dream with the stock market performing well. Investors in mutual funds have several options to maximise their returns. Achieving millionaire status through mutual fund Systematic Investment Plans (SIPs) requires careful consideration of factors such as the investment amount, duration, and expected rate of return. … Read more

NFOs for you: HDFC Nifty LargeMidcap 250 Index Fund, LIC MF Manufacturing Fund, WhiteOak Capital Digital Bharat Fund in focus

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NFOs for you: HDFC Nifty LargeMidcap 250 Index Fund, LIC MF Manufacturing Fund, WhiteOak Capital Digital Bharat Fund in focus

New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … Read more

Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

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Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

The technology sector is poised for a robust recovery following a period of discretionary spending cuts. Several factors indicate an upward trend in the coming years, including shifts in client behaviour, increased technology investments, and the rise of new technologies such as Generative AI (GenAI). Key verticals like BFSI, healthcare, and manufacturing are expected to … Read more

A lumpsum investment of Rs 1 lakh in this fund has given Rs 1.5 lakh in 3 years. Check investment details

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A lumpsum investment of Rs 1 lakh in this fund has given Rs 1.5 lakh in 3 years. Check investment details

SBI Balanced Advantage Fund, which is an open-ended dynamic asset allocation fund managed by SBI Mutual Fund, has successfully completed three years of existence in the market. Introduced in August 2021, the SBI Balanced Advantage Fund witnessed record-breaking collections of over Rs. 14,600 crores during its New Fund Offer. The investment objective of the scheme … Read more

US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally

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US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally

U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week. U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as … Read more