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What is UPI and how does it work?
UPI is a single platform that merges various banking services and features under one umbrella. It allows the transfer of money from one bank account to another instantly via one’s mobile phone. Payments can be made via an app on a mobile device only. The money transfer via UPI works on a 24×7 basis. To […]
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Indigo Paints IPO subscribed 117 times; key things you should know
Indigo Paints’ Rs 1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on January 22. Here are the key things you should know about the public offer: 1) The IPO has received bids for 64.58 crore shares against an offer size of 55.18 lakh […]
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Upstox launches digital gold platform
Upstox, also known as RKSV Securities India, on January 19 launched a digital gold investment platform for its clients. Apart from investing in the stock market and mutual funds, over 20 lakh Upstox clients can now also invest in gold online and right from the mobile app. The platform enables customers to buy 24-karat digital […]
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Who are Domestic Institutional Investors?
DII refers to ‘Domestic Institutional Investors’. DIIs invest in financial assets and securities of their home country. They use pooled funds to trade in securities and assets. These investments are are influenced by political and economic trends in the country. In addition to foreign Institutional investors (FII), the DIIs also play a decisive role in […]
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Overnight funds vs. liquid funds: Which is better?
Outbreak of coronavirus had a massive impact on the markets. Equity markets around the world took a huge hit due to the pandemic and its after effects. This has raised concerns among investors about their financial security and future investments. Following this concern, various alternate investment methods are back in the spotlight. Money 9 takes a […]
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How are Flexicap funds different from Multicap funds?
The Securities and Exchange Board of India (SEBI) made two big announcements in the last couple of months for equity funds category. SEBI changed the allocation rules for multi-cap funds in September last year. Each multi-cap fund will now be required to invest a minimum of 75% in equities and related instruments. The previous rule […]
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Here’s a look at India’s famous cultural festivals
India is a huge and diverse country. With every state having its own culture and traditions, it is interesting to see the number of cultural festivals that are celebrated with fervour. While it may not be possible to list every festival, here are some that have gained popularity among tourists and people in those states […]
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Kumbh Mela 2021: Here’s all you need to know
Despite coronavirus-related challenges, the Kumbh Mela is being held as pilgrims look to gather for one of the world’s biggest religious gatherings. But it is being expected that the gathering is likely to see lesser attendance of pilgrims due to the threat of the coronavirus. Lakhs of devotees from different parts of the country come […]
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Jallikattu – a key event of Pongal celebrations
A test of grit was on full display as bulls and men tried to get the better of each other during the bull taming sport ‘Jallikattu’. The animals are let out one after the other from ‘Vadivasal,’ a narrow entrance to the sporting arena after announcements on the bull, like who owned it and so […]
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Festivals in times of Covid-19: Here’s how everyone is adapting to the new normal
Indian festivals are known for their diversity and the enthusiasm shown by people in celebrating each festival is unique. But the pandemic has totally changed the way festivals are celebrated and instead of brimming with enthusiastic people, gatherings wore a sombre look. Due to health risks, people were forced to stay indoors and who would […]
