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SIP accounts reach an all-time high of 5.55 crores, investment of 12,276 crores

Despite the continued sale of foreign investors from Indian stock markets, the decline in global markets, the weakness of the rupee, the rise in inflation, retail investors have confidence in mutual funds. Last June, the number of SIP accounts hit an all-time high of 5.55 crore. Not only this, the investment from SIP also reached an all-time high of Rs 12,276 crore.

The mutual fund portfolio grew 31% year-on-year

According to data from Amfi, an association of mutual fund companies, equity funds recorded net investments for the 16th consecutive month in June. The asset under management in the sector reached an all-time high of Rs 35.64 lakh crore. The number of mutual fund portfolios grew 31% year-on-year. These increased to 13.46 crore from 10.25 crore in June 2021.

The number of SIP accounts hit an all-time high of 5.55 crore. The net AUM of the retail schemes (Equity + Hybrid + Solution Oriented) grew 16% yoy to Rs 17.91 lakh crore. Retail schemes saw positive net flow of Rs 13,338 crore in June for the 16th consecutive month after March 2021.

All retail equity schemes recorded positive inflows in June

says NS Venkatesh, CEO of Amfi, the trend of small investors to save through SIPs. The mega trend of financialization of savings also continues in the country. All retail equity schemes, indices, ETFs and FoFs showed positive investments in June. This reflects the confidence of retail mutual fund investors towards long-term growth amidst the ups and downs of the stock market.

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Sensex Rises Over 300 Points Amid Positive Global Cues, Nifty Trades Above 16,200

Indian equity benchmarks traded higher on opening trades on Friday, taking a cue from global markets.

Indian equity benchmarks traded higher on opening trades on Friday, taking a cue from global markets. Asian stocks followed Wall Street gains overnight as fears of an economic slowdown eased. Additionally, the pound began to recover from recent losses after Boris Johnson stepped down as British Prime Minister.

Trends in Nifty Futures on the Singapore Exchange (SGX Nifty) have indicated a cautious start for national indices.

The 30-stock BSE Sensex Index jumped 316 points or 0.58% to 54,495 at the start of the session, while the broader NSE Nifty jumped 104 points or 0.64% to 16,236.

Small and mid cap stocks were trading on a strong note as Nifty Midcap 100 was up 0.32% and small caps were up 0.59%.

13 of the 15 sector indicators - compiled by the National Stock Exchange - were traded in green. The Nifty Bank and Nifty Auto sub-indices outperformed the NSE platform up 0.67% and 0.77% respectively.

On the specific stock front, M&M was Nifty's best gain as the stock climbed 2.80% to ₹ 1,165.05. Winners also include L&T, Coal India, Axis Bank and NTPC.

The overall market size was positive as 1,715 stocks were advancing while 622 were down on BSE.

In the BSE 30-share index, L&T, M&M, NTPC, Axis Bank, ICICI Bank, UltraTech Cement, PowerGrid, Infosys, Tech Mahindra, Kotak Mahindra Bank, Sun Pharma and Wipro were among the best gainers.

Additionally, shares of Life Insurance Corporation of India (LIC), the country's largest insurer and largest national financial investor, were up 1.17% to ₹ 706.30.

Conversely, Asian Paints, Tata Steel, IndusInd Bank, Hindustan Unilever, Titan, TCS, Bajaj Finance, Dr Reddy's, and Maruti all traded in the red.

Sensex was up 427 points or 0.80% to close at 54,178 on Thursday, while Nifty was up 143 points or 0.89% to settle at 16,133.

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Stock market boomed due to global market trend, Sensex crossed 54 thousand

Good signals from the global market and falling crude prices drove the Indian stock market higher on Thursday. On Thursday morning, Sensex and Nifty began trading with green brands. At the start of the trading session, the 30 point Sensex opened with a gain of 395.71 points to 54,146.68. Meanwhile, the 50-point Nifty opened at 16,113.75. During the pre-opening session, 29 out of 30 Sensex shares rose.

On the other hand, due to buying in the global stock market, there was a slight rise in the US market. The Dow Jones closed with a gain of 400 points, up 70 points. Computer stocks continually strengthen the market. The European market saw an increase of up to 1.5%. The Asian market also showed strength.

The movement of the stock market

Wednesday Earlier Wednesday, after a long stretch, there was a huge rally in the stock market. At the end of the trading session, the 30-point BSE Sensex jumped 616.62 points to close at 53,750.97. Meanwhile, the National Stock Exchange Nifty closed at 15,989.80 points with a gain of 178.95 points.

 

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Domestic cylinder price hiked by Rs 50

Rs 1053 will have to be paid on a 14kg bottle in Delhi, the price has risen for the second time in 48 days.

After the reduction in the price of commercial gas cylinders, the prices of domestic gas cylinders increased again after 48 days. According to the latest update from Indian Oil, you will now have to pay Rs 50 more for an unsubsidized 14.2 kg bottle. In the capital Delhi, the price of the 14 kg cylinder has risen from Rs 1003 to Rs 1053.

Earlier on May 19, oil companies had raised the price of domestic LPG gas cylinders by Rs 3,50 paise. At the same time, the prices of commercial gas cylinders have also been increased by Rs.

Cylinder crossed Rs 1100 in these cities

Bihar: Supaul (Rs 1157.5), Patna (Rs 1151), Bhagalpur (Rs 1150.5) and Aurangabad (Rs 1149.5)

Madhya Pradesh: Bhind (Rs.1132), Gwalior (Rs.1137) and Morena (Rs.1137)

Jharkhand: Dumka (Rs 1110.5) and Ranchi (Rs 1110.57)

Chhattisgarh: Kanker (Rs.1141) and Raipur (Rs.1124)

Uttar Pradesh: Sonbhadra (Rs.1140)

The gas cylinder has become more expensive by Rs 218.50 in 1 year

The price of domestic gas cylinder in Delhi on July 1, 2021 was Rs 834.50, which has now risen to Rs 1053. That is, over the past year, the price of domestic gas cylinder has increased by 218 .50. At the same time, the subsidy on this was also removed.

Commercial gas cylinders The cheapest prices

commercial gas cylinders were cut off on July 1. Due to which the price of commercial 19kg bottle in Delhi has risen from Rs 2,219 to Rs 2021. Similarly, from Rs 2,322 in Kolkata, this bottle will now be available for Rs 2,140. The price in Mumbai has risen from Rs 2171.50 to Rs 1981 and in Chennai from Rs 2373 to Rs 2186.

As a result, the price of the gas cylinder has dropped by Rs 198 in Delhi, Rs 182 in Kolkata, Rs 190.50 in Mumbai and Rs 187 in Chennai. In June last month, tariffs for commercial cylinders were reduced by Rs 135. However, no relief was given by oil companies to domestic gas cylinders. The price of a 14.2 kg gas cylinder in Delhi is Rs 1003.

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Made an empire of 43 thousand crores by investing in shares

Rakesh Jhunjhunwala, 62, is nicknamed the Big Bull of the stock market and now owns an airline.

The Big Bull of the stock market, Rakesh Jhunjhunwala, who traveled from Rs 5,000 to Rs 43.39 crore, has a birthday today, July 5. He turned 62. Jhunjhunwala will also enter the aviation sector with the airline "Akasa" this month.

Jhunjhunwala was once a bear in the stock market i.e. bears. He made huge profits through short selling in 1992 when the Harshad Mehta scam came to light. There were several reputable cartels in the Indian stock market in the 1990s.

One of these cartels was that of Manu Manek which was the Bear Cartel. Manu Manek's cartel was called Black Cobra and he was also followed by Radhakishan Damani and Rakesh Jhunjhunwala. Journalist Sucheta Dalal exposed Harshad Mehta's scams after which the stock market crashed.

In such a situation, today we tell you about Jhunjhunwala's investment journey through his learnings and interesting fact graphs related to him.

Rakesh Jhunjhunwala launching  “Akasa”  airline  soon:

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Sensex fell nearly 150 points, Nifty near 15700, selling in metal stocks, M&M and Tata Steel top losers

There is a decline in the Indian stock market today. The Sensex and Nifty indices weakened in today's trading. There is a liquidation of about 150 points in the Sensex. At the same time, Nifty has also moved closer to 15700. There is a sell-off in IT and metal stocks. The Nifty Metal Index is down about 1.95% and the IT Index is down 0.65%. At the same time, the auto index is also down. While the banking and financial indices show gains. The pharmaceutical, real estate and FMCG indices are also in the green.

Right now, the Sensex is up 150 points and trading at the 52,759.89 level. While Nifty is up 37 points at the 15715 level. Today's major losers include Tata Steel, M&M, TCS, Wipro, Tech Mahindra, Dr Reddy's and HDFC.

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Reliance forays into retail food business

British food chain "Pret a Manger" is joining forces and will open its stores in the country.Reliance Industries is rapidly expanding its portfolio. Reliance Industries has now entered the food retail sector as part of this portfolio expansion strategy. Reliance Brands Limited, a Reliance Group company, has partnered with global fresh food and organic coffee chain 'Pret A Manger' in this regard. Pret A Manger is a UK based company which currently has 550 stores in 9 countries including UK, US, Europe and Asia.

In India, it will be in the hands of Reliance

Reliance Brands Limited will launch Pret A Manger in India and open its stores across the country. Pret A Manger opened its first shop in London in 1986. The company serves home-cooked meals and fresh ready-to-eat meals.

Increased consumer awareness

RBL food closely follows the pulse of Indian consumers. Food awareness has increased among consumers - ready-to-eat foods are becoming the new fad. Like Indians around the world, who want to discover food made from fresh and organic ingredients, Pret has been able to respond well to their request.

Recently signed joint venture agreement with Plastics Legno SPA

Reliance Brands Limited (RBL) has signed a joint venture agreement with Plastics Legno SPA to strengthen the toy manufacturing ecosystem in India. Through this, RBL will gain a 40% stake in Plastic Legno's toy manufacturing business in India. Plastic Legno SPA belongs to the Italian group Sunino, which has been present in the toy manufacturing sector in Europe for more than 25 years.

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47th meeting of GST Council from today

There may be a view to imposing 28% GST on online gambling and casinos, there may be many important announcements.

Today, i.e. from June 28, the 47th GST Council meeting kicked off in Chandigarh. The council meets after a six-month hiatus. According to the media, a 28% GST may be considered on online games, casinos, and horse racing during this 2-day meeting. One such proposal was presented by the panel of state finance ministers. Furthermore, before the meeting of the GST Council, the chairman of the Prime Minister's Economic Advisory Council, Vivek Debroy, expressed the possibility of including petrol and diesel in the GST.

GST may be lower on artificial body parts and orthopedic grafts

The GST Council has recommended a uniform 5% GST rate on artificial limbs and orthopedic grafts. Along with this, the council also recommended reducing the GST rate on cable car trips from 18% to 5%.

At the same time, it is proposed to reduce the GST rate on ostomy appliances from 12% to 5%. Apart from this, a clarification will be issued on GST rates for electric vehicles, according to which EVs, whether fitted with batteries or not, will be taxed at the rate of 5%.

Prior to the GST Council meeting, the Chairman of the Prime Minister's Economic Advisory Council, Vivek Debroy, expressed the possibility of including gasoline and diesel in the GST. Debroy maintained that after the inclusion of petroleum products in the GST, it would be possible to curb the rise in inflation.

However, central and state governments are afraid to include gasoline, diesel, and alcohol in the GST for fear of draining the treasury. Let's understand that if gasoline falls under the GST, how much less tax will the government collect per liter.

Currently, there are four tax brackets in the GST

There are four bands of 5, 12, 18, and 28% GST. However, gold and gold jewelry are subject to a 3% tax. There are also unbranded and unpackaged products that are not subject to GST.

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Fall in gold and silver prices this week

Silver fell from its all-time high of 20,000 and gold from over 5,000

Gold and silver prices have fallen this week. However, this week the price of silver has fallen more than that of gold. According to the India Bullion and Jewelers Association (IBJA) website, silver has fallen over Rs 1,700 this week in the bullion market.

The beginning of this week, i.e. June 20, it was at Rs 61,067, which has now come down to Rs 59,350 per kg on June 25. That is, its price dropped by Rs 1,717 this week. Speaking of gold, its price has dropped by Rs 233 this week. On June 20, gold was at Rs 51,064, which has now come down to Rs 50,829 for 10 grams.

Gold 5300 from all time and silver 20000 rupees

Let us tell you that gold had reached its all-time high in August 2020. At that time, gold had reached the level of Rs 56,200 per ten grams. At the same time, silver was becoming cheaper at the rate of around Rs 20,630 per kg from its peak. The historic high for silver is Rs 79,980 per kg.

A good monsoon will bring golden support

Experts believe that if the monsoon is better this year, gold buying will increase in the coming times. Gold consumption is also expected to increase in the global market which will have a direct impact on its prices and gold will also become expensive in the domestic market. The industrial demand for silver is continuously increasing, which will increase its prices again in the coming times.

Find out the price of gold by giving a missed call,

you can easily know the price of gold and silver sitting at home. For this you just have to make a missed call to the number 9009236843 and the message will arrive on your phone. Here you can check the latest rates.

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Original Source: https://bityl.co/Cv3Y