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​Hereare the5most&least-lovedmutualfundsofFY23

Updated at : 2023-06-07 21:05:02

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​Here is a list of the five most and least preferred mutual funds of the last financial year.

Equity mutual funds with exposure to IT stocks have seen returns of 15-20% in the last five years. Five technology funds are recommended: ICICI Prudential Technology, Tata Digital India, Aditya Birla Sun Life Digital India, SBI Technology Opportunities, and Franklin India Technology. Each has varying net asset values and trailing returns over different time periods, as well as assets under management, expense ratios, and minimum investment requirements. Despite concerns over recession and cuts in spending, technology investments appear to have weathered the storm.

Over half of equity investors in India are from non-metro areas, according to a study by equity investment advisory firm Research and Ranking. Of the 2,000 respondents, around 50% of investors had not experienced a complete business cycle, suggesting potential limited exposure to market fluctuations, but around 60% adopted a long-term investing approach. The survey also found that 57% of investors yearned to invest a lump sum in equity, while 43% preferred a more measured approach via investing through systematic investment plans.

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Dow falls 10.81 points, S&P 500 opens higher by 1.62 points and the Nasdaq Composite gains 18.85 points

Ambuja Cements shares down 0.54% as Nifty gains

Updated at : 2023-06-07 19:35:03

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A total of 109,537 shares changed hands on the counter till 02:08PM (IST).

Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 2.46 lakh crore to Rs 265.68 lakh crore. The market breadth was skewed in the favour of the bulls. About 2,293 stocks gained, 1,270 declined, and 135 remained unchanged on the BSE.

Rupee ends higher; traders await RBI policy

Updated at : 2023-06-07 19:35:03

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"The market is relatively calm ahead of the RBI policy decision," said Dilip Parmar, research analyst at HDFC Securities, adding that likely foreign flows into equities helped the rupee during the day.

So it is a very increasing phenomenon that we are discovering high net worth individuals buying real estate overseas. Some of the most attractive locations are London, Canada, Dubai and Portugal

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​Now, you can also get it through an inheritance or if NRIs are there, who have returned back to India, you can use a resident foreign currency account. If you are an NRI and you are still overseas, then you can buy a property from the proceeds which you have earned externally.

There are some banks globally who are offering it as well and of course, this ties in with the whole thing that you are seeing around ESG.

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