Govt gives economy a booster dose

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THE ECONOMIC TIMES Fri, Aug 23, 2019 | 06:23 PM IST Daily Newsletter

Govt withdraws FPI surcharge, announces economic boosters Over the last few weeks, FM has chaired a series of meeting with industry leaders, bank representatives.

Moody's cuts India GDP growth forecast to 6.2 pc for 2019 In a statement, it said the weaker global economy has stunted Asian exports and the uncertain operating environment h...

ED searches Naresh Goyal's premises in Delhi, Mumbai Searches are being carried out under the provisions of the FEMA and are aimed at gathering additional evidence, ED of...

Got an income tax notice? Check if it is real or not Recently, CBDT had issued a circular according to which every income tax notice issued by the department will have a computer-generated Document Identification number.

Why Twitter put USD100 million in ShareChat The likes of ShareChat, which engage with small towns, can show the way to expand in and monetise Bharat. Milkbasket's key to cracking grocery delivery Jio vs. multiplexes: no cause for alarm yet

More From our Partners Can packaging become a full-scale data carrier & digital tool? Tetra Pak thinks so The future is now and it is digital!

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Inside India's messy electric vehicle revolution India's embrace of e-vehicles has been disorganized, with hordes of e-rickshaws leading the charge....read more Has your house been mortgaged without your knowledge? »  AI revolution: Has India kept pace with the rest of the world? »

More From our Partners Phone bank scams you should avoid falling for The Internet can be a dangerous place. This is mostly due to scammers, who try to steal your money by getting hold of your personal data.

Won't ban petrol and diesel vehicles... Transport minister Nitin Gadkari

Market Watch 23 Aug | 06:23PM| SENSEX NIFTY USD/INR GOLD 36701.16 ↑228.23 10829.35 ↑88.00 71.66 ↓-0.16 38159.00 ↓-6.00

MARKET NEWS

Rupee weakens to 72 against US dollar for first time in 2019 The local currency is now set for biggest monthly fall in six years....

7 of the world's 10 worst-performing bank stocks are in India IDBI Bank leads share price losses among state-run banks, having slumped about 60% this year....

Gainers Losers 23 Aug, 2019, 06:23PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Sterlite Technologies 117.65 12.96 858348 122.75 96.65 Kama Holdings 5093.25 10.72 1038 5400.0 4600.0 Chambal Fertilisers & Chemicals 149.10 9.75 432492 151.0 135.35 Alstom India 809.65 9.52 1463 822.0 727.2 Vodafone Idea 5.74 9.13 22971405 5.87 5.01

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

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Kia Seltos with air-purifier now in India ​Guess who made it to Madame Tussauds? ​Russia launches world's first floating nuclear reactor The ever-growing popularity of 'cool' coworking space More Slideshows

FROM THE NEWSPAPER

The economics of biscuits, buildings & bikes Debt-laden companies may find it difficult to pass on higher tax due to fear of losing market share....

The tech-tonic shift that is helping retailers run business better Technology is not just creating a better user experience for retailers, it is helping them to run business better as...

Your next weekend trip may help India beat the slump We increase our incomes by working overtime. We contribute to India's GDP by also spending what we earn....

State of monuments on PMO radar The PMO is also learnt to be closely looking at the cultural spaces and how they are being utilised....

What makes Jofra Archer and Jasprit Bumrah so endearing The physicality of the act of fast bowling makes Archer and Bumrah so endearing....

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India in safe position in global economy: FM ET honours finest, bravest startups Sensex jumps 228 pts; Nifty tops 10,800 'Got mandate for building New India' More Videos

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From a camera-pro iPhone to larger Mac, Apple's September line-up looks like a tech-tonic affair Popping antibiotics too often? Watch out for colon cancer risk 'Mission Mangal' rules BO with Rs 128 cr in hand, Amul celebrates the spirit of ISRO with colourful post Let kids enjoy a glass of juice, it may improve their diet Read more from Panache

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Top 10 mutual funds to invest

THE ECONOMIC TIMES Fri, Aug 23, 2019 | 08:09 AM IST Mutual Funds Newsletter

Top 10 mutual funds to invest Here is a list of top 10 mutual fund schemes handpicked by ET Mutual Funds. Is it time to invest 'more' in equity mutual fund schemes? Investors would never be 100 per cent sure whether the market has corrected sharply or more pain is still left. Motilal Oswal AMC launches four index funds Motilal Oswal Nifty 500 Index Fund is India's first Nifty 500 fund. It is the first low cost multi cap index fund in India. Short duration funds are the multi cap funds of debt category, says Radhika Gupta, CEO, Edelweiss AMC If you look at retail customers and everything that they have gone through in the last few months with credit, there is concern around debt funds. For long-term investments, index funds make more sense, says Pratik Oswal of Motilal Oswal AMC Motilal Oswal Mutual Fund launched one of the first ETFs in the country in 2010. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -0.68 6.98 0.42 13.55 Axis Bluechip Fund-Growth -0.80 6.35 -0.90 12.11 Sundaram Select Focus Fund Institutional-Growth -2.96 4.72 -3.83 11.23 Mirae Asset Large Cap Fund Direct- Growth -5.06 1.61 -4.01 10.69 Mirae Asset Large Cap Fund Regular- Growth -5.15 1.06 -5.03 9.75 FeaturedDSP Liquidity Direct-Growth ★★★★★ 0.53 3.50 7.41 7.14 Start SIP Best arbitrage mutual funds to invest in 2019 Arbitrage mutual fund schemes still retain some edge over debt mutual funds. Is it wise to ignore long duration debt mutual funds because of volatility? Most debt mutual fund investors may have missed the rare opportunity to earn the supernormal returns if they were listening to their fund managers.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

New Fund Offers Fund Name Category Type Open Close Min Inv ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 14 Oct 500.00 PGIM India Overnight Fund Reg-G Debt: Overnight Open-ended 12 Aug 26 Aug 100.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Aditya Birla SL Balanced Advantage-D Hybrid: Dynamic Asset Allocation Open-ended 23 Aug 2019 0.09 L&T Midcap-D Equity: Mid Cap Open-ended 23 Aug 2019 2.88 Kotak Equity Opportunities Reg-D Equity: Large & MidCap Open-ended 23 Aug 2019 0.40 L&T Large and Midcap-D Equity: Large & MidCap Open-ended 23 Aug 2019 0.16 Franklin India Focused Equity-D Equity: Multi Cap Open-ended 23 Aug 2019 1.37 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 21-08-2019 1663.83 1371.45 292.38 7145.63 4749.58 2396.05 20-08-2019 2243.85 2071.48 172.37 6421.57 3953.85 2467.72 19-08-2019 1845.20 1454.54 390.66 5644.30 4032.44 1611.86 16-08-2019 2570.17 1460.60 1109.57 6770.18 3702.74 3067.44 14-08-2019 3441.17 1754.51 1686.66 10784.12 7989.32 2794.80 13-08-2019 4808.84 4178.46 630.38 9345.18 9458.06 -112.88 09-08-2019 4575.59 3641.07 934.52 8047.13 5702.77 2344.36 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt ICICI Prudential Regular Gold Savings Fund-Growth 12.6103 0.98 49.27 - - 0.40 Edelweiss Government Securities Fund Direct-Growth 17.1005 0.82 83.05 - - 0.87 Kotak Gold Fund Direct-Growth 16.4011 0.81 134.89 - - 0.56 PGIM India Ultra Short Term Direct-Growth 24.5940 0.78 87.22 - - 0.33 SBI Magnum Income Fund-Growth 47.2171 0.71 1202.11 - - 1.47 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Parag Parikh Tax Saver Fund Direct - Growth 10.0088 0.25 0.00 - - 0.00 Parag Parikh Tax Saver Fund Regular - Growth 10.0004 0.22 0.00 - - 0.00 SBI Tax Advantage Fund Series III Direct Growth 24.2493 -0.87 20.77 - 1.76 SBI Tax Advantage Fund Series III Regular Growth 23.7494 -0.89 20.77 - 2.90 SBI Long Term Advantage Fund Series IV Direct - Growth 12.2734 -1.05 147.66 - 1.75 Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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