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A financial advisor suggests a strategy for retirees or individuals looking for additional income to boost their wealth creation journey: invest in a liquid fund that mirrors CRISIL Liquid Debt Index and transfer capital appreciation profits every month to a Nifty 50 Index fund. This way, the initial investment remains accessible while transferred profits take on market risks for higher returns. This strategy generated returns of approximately 10% in the last 21 years for an investor and could work well for others looking to generate extra income while minimizing risks. Mutual fund houses have this feature of transferring capital appreciation between schemes.

Sensex, Nifty rise for 4th straight session

Updated at : 2023-05-30 17:35:02

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From the Sensex pack, ITC, Bajaj Finserv, Kotak Bank, and Bajaj Finance were the top gainers, rising 1-2%. Axis Bank, HCL Tech, Wipro, UltraTech Cement, and Maruti also closed with gains. On the flip side, Tata Steel, Tech Mahindra, Sun Pharma, Nestle, L&T, and SBI closed with losses.

So if you were to take a slightly broader approach and think about it, this fund is very similar to what you see in all the other flexi-cap or diversified kind of funds.

Of course, there will be some volatility within the market which is the basic nature of the market to be volatile. So it is not always a runaway market which we expect but we expect more of a moderate return market after a long period of consolidation which we have seen in the past one and a half year.

The distinction between value and growth investing is not straightforward as it often appears. The traditional definition of value as buying stocks with a low price-to-earnings ratio or price-to-book ratio may not be accurate in understanding the market. Investors must exercise flexibility in their investment philosophy as no theme runs forever, and certain geographies, sectors, asset classes, and investment strategies work for a limited period.

​The specialisation of task is there assigned, the job of procurement of milk at the villages, processing at the district union and marketing at federation which takes care of 3.6 million farmers with 98 dairy plants for 18 district unions and the brand turnover of more than 50 products, 1000 plus SKUs that is marketed by the federation.

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Brokerage firm Motilal Oswal Financial Services shared its three top weekly picks that can offer 19-25% returns.

PI Industries declines 0.05% as Sensex slides

Updated at : 2023-05-30 14:55:03

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The stock traded at a P/E multiple of 43.17, while the price-to-book value ratio stood at 6.39.

Binance did not immediately respond to Reuters request for comment.Earlier this month, the Binance unit said some customers in Australia will not be able to deposit or withdraw money after a third-party service provider cut off its service

Tokyo's key Nikkei index edges up at close

Updated at : 2023-05-30 14:55:03

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The Nikkei 225 in Tokyo rose 0.30%, closing at 31,328.16, while the Topix slipped 0.07%, closing at 2,159.22. Investors took profits in the early trade after the Nikkei index scored its highest finish in 33 years, while global markets praised a broad deal in Washington over raising the debt ceiling. Analysts observed that foreign market players have been the major driver of recent gains in Tokyo, but they are now taking a break with the US market closed. Investors remain cautious, waiting for the release of key US economic indicators later in the week.

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