2023 Year In Review News
2023 in review: For Indian tech startups, an unrelenting funding winter
India dropped a rung in global tech startup rankings, giving up the third spot to China, as the funding climate showed no signs of a thaw throughout 2023The unicorn tally also shrank significantly--to 2, from 24 in 2022
2 min read13 Dec 2023Mutual fund SIP accounts hit 7.63 crore in December: Why are investors rushing to invest in them?
The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.
2 min read12 Jan 2024India’s Sensex top-performing index in the Asia-Pacific region in Dec; ranks 15th out of 45 global indices for CY23
In December 2023, the 30-scrip Dalal Street benchmark Sensex, claimed the leading position among its peers in the Asia-Pacific region, highlighted Geojit Financial Services.
3 min read10 Jan 2024Market in 2024: 3 important triggers that could drive equities this year and what investors should do
While the current setting doesn’t indicate chances of a material correction, staggered investment may be considered for fresh investments to benefit from any near-term volatility, suggested Quantum.
4 min read10 Jan 2024Mutual funds: Total SIP inflows in 2023 hit ₹1.83 lakh crore, up 23% over previous year
Most of the mutual fund inflows were seen in equity funds. With ₹16,997 crore added to equity mutual funds in December, total inflows into equity schemes touched a whopping ₹1,61,573 crore during the calendar year 2023.
1 min read8 Jan 2024Equity fundraising spiked 59% to ₹1.44 lakh crore in 2023: Report
Public equity fundraising rose 59 per cent to ₹1.44 lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that raised ₹49,434 crore.
2 min read4 Jan 20242023 in Review: All 13 Maharatna stocks delivered positive returns last year, REC best performer; check full list
Power stocks lead the way with Rural Electrification Corporation and Power Finance Corporation achieving multibagger returns. Bharat Heavy Electricals and NTPC also saw significant gains. India’s fuel retailers, including IOC, BPCL, and HPCL, rallied due to improved refining margins.
2 min read2 Jan 2024Cryptos to be legit in 2024? Destination seems too far while the caravan moves on
Major regulatory milestones that were achieved in 2023 include: 28 crypto service providers registered themselves with Financial Intelligence Unit and G20 nations adopted the roadmap for crypto asset regulations as proposed by the Financial Stability Board and International Monetary Fund (IMF)
3 min read1 Jan 202410 best small cap mutual funds that have given over 44% returns in 2023
Small cap mutual funds refer to schemes which have at least 65 percent exposure to small cap stocks
2 min read1 Jan 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared