Vivek Sharma
Equity Mutual Funds witnessed a record surge of Rs 34,697 crore inflows in May 2024. As par the data released by the Association of Mutual Funds of India (AMFI) Net inflow reached Rs.34697 Crore of Equity Oriented Schemes. The Equity Oriented Schemes previous record for net inflows was Rs 28,463 crore hit in March 2022. Read more: Equity Mutual Funds surge Rs. 34697 Cr inflows in May 2024..
The Reserve Bank of India (RBI) has relaxed several rules governing overseas investments. Particularly in the area of Overseas Portfolio Investments (OPIs). The RBI on Friday updated the Foreign Exchange Management (Overseas Investment) Rules, 2022. Which includes provisions related to OPI and relaxed several restrictions. Existing Paragraph 24(1) of FEM (OI) Directions, 2022 is replaced Read more: RBI relaxes Overseas Portfolio Investments..
The Federal Reserve System (US FED) is the central banking system of the United States. Its was created in 1913. With a focused view to provide the nation with a safer, more flexible, more stable monetary and financial system. US Fed: The current target range for the US Federal Funds Rate is 5.25% – 5.50%. Read more: Fed Interest Rate’s impact on Indian Stock Market..