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Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

Don’t underestimate the power of the UK economy – it’s more resilient than you think

The outcome for the UK economy seems more positive than first thought Reuters Janet Yellen was in London this week, talking with Lord Stern at the British Academy. My main thought watching her was how lucky the Americans were to have her as chair of the Federal Reserve Board: calm, sensible, measured and wise. But of course the rest of ... Read More »

Top 14 stocks which some MFs added for the first in the month of May

Indian market rallied as much as 17 percent so far in the year 2017 led by consistent infusion of funds by mutual funds (MFs) even as foreign portfolio investors (FPIs) slowed down their buying. The domestic mutual funds pumped in over Rs 20,000 crore in the stock market during April-May, said a PTI report. The flows were largely concentrated around ... Read More »

RTAs are the backbone of the mutual fund industry

Technology is key to supporting growth in any industry. As one of the largest registrar and transfer agents (RTA) in the country, Karvy Computershare Pvt. Ltd has used technology to drive growth and service the industry. A booming industry like mutual funds wouldn’t have reached this level of growth without the use of best of technology that is largely supplied and ... Read More »

Nervousness may grip markets ahead of GST roll out, derivatives expiry

Analysts also see the markets to be in corrective phase after the super rally. Photo: Mint Mumbai: This week, the markets are likely to focus on June series Futures and Options expiry, Prime Minister Narendra Modi’s US visit and the goods and service tax (GST) roll out. PM Modi is on a three-nation tour to Portugal, the US and the ... Read More »

23 Percent of Millennial Entrepreneurs Value Influence Over Personal Wealth

When it comes to fundamental goals, 23 percent of entrepreneurs in their 20s cited becoming more influential or having a positive impact on their communities. It’s a considerable increase over the 13 percent of entrepreneurs over 50 who say the same. The data shows a considerable difference in values between two generations of entrepreneurs,  says the 2017 HSBC Private Bank: ... Read More »

Never bought a business that wasn’t already part of Quikr: CEO Pranay Chulet

In the North Bangalore headquarters of online classifieds company Quikr India Pvt. Ltd, the conference rooms are called ‘jaldi’, ‘raftaar’, ‘daud’, and so on, names that are synonymous with speed. The nomenclature couldn’t have been more apt, given Quikr has been buying companies at breakneck pace. On Wednesday, it made its latest acquisition, buying blue-collar jobs listing company Babajob in ... Read More »

7 Stocks to Buy on the Verge of Double-Digit Breakouts

The stock market has spent much of the early summer months “melting higher” as investors have been hesitant to push their cash into a market that refuses to budge from all-time highs. Of course, we know there are always quality stocks to buy out there, regardless of what the market is doing. Source: Shutterstock Breakout stocks, comeback stocks, you name ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakes that may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier ... Read More »

Small Businesses Do 40 Percent of the Hiring in the Gig Economy, New Study Says

Over the course of the last decade, the so-called “gig economy” has rapidly expanded to become one of America’s most crucial labor markets. Around one in three American workers are now freelancers, and more than one third of Millennials. And according to a new study compiled by LinkedIn (NYSE:LNKD), it’s small business owners that are the driving force behind that exponential ... Read More »