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power of compounding is so profound that it is referred to as ‘magic’. And rightly so! Investors of all hues such as Warren Buffett and Charlie Munger attribute this magic for the massive wealth they have managed to accumulate over a period of time. Here we share details of one mutual fund scheme i.e., Quant ELSS Tax Saver Fund and the returns it generated in order to elucidate the power of compounding.

BJP national secretary Pankaja Munde has said her name is discussed whenever any election is announced and people think she is waiting for a position, but there is «no constituency» left for her after the formation of a tripartite government in the state. Former Maharashtra minister Munde, who has been sidelined in state politics, was relying to a question in her home district Beed on Sunday about the her name being discussed against the backdrop of the upcoming Rajya Sabha polls. «My name is discussed in every election that has been announced in the last five years. People think that I have been waiting for a position for many years, so it is natural that they take my name,» she said in response to the question during the 'Gaon Chalo Abhiyan'. «As the three-party government has been formed in Maharashtra, there is no constituency left for me. So such talks happen,» said Pankaja Munde, who is the daughter of late BJP leader Gopinath Munde.

Kenyan runner Kelvin Kiptum, who died aged 24 in a car crash on Sunday, blazed to athletics stardom when he seized the marathon world record in Chicago last October. Born in the Rift Valley, the heartland of Kenyan distance running, Kiptum was barely a teen when he began following elite athletes training in the legendary high-altitude region. He burst onto the marathon scene in 2022 with a stunning debut in the 26.2-mile (42.195-km) distance in Valencia where he clocked 2:01:53.

Hard Sell The bosses at the Indian outpost of this multinational giant have been trying really hard to sell a ritzy property that used to belong to this tycoon who’s proven hard to get (to India) for the past seven-eight years. He’s currently dodging regulators for some apparently serious misconduct. Anyway, the company got ownership of the pile when they took over most of the tycoon’s business. But here’s the kicker: nobody wants it! Despite its posh location in south Mumbai, potential buyers are giving it a wide berth. Local brokers are whispering that folks are spooked by what they say is its jinxed history. Maybe. Or, is the tycoon pulling the strings from across the seas? ETA Awaited A high-flying minister was recently irked by the pace of a critical project. The government wants it completed quickly but the squabbling between the two parties building the facility threatens to slow things down even more. The minister’s irritation was barely concealed at a recent meeting as he asked tough questions and made clear his impatience with the answers. Here’s hoping the words landed and the project takes off soon.

Warning: Details are graphic

By Riju Mehta & Rohit Shah If you are planning on buying a car this year and your budget is above Rs 40 lakh, then here are five exciting new launches you should know. ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024.

Association of Mutual Funds in India. Gross addition of accounts was also the highest on record at 5.1 million last month, while new SIP account to closure ratio — a measure to gauge how many SIPs accounts opened for one closed — was the best in 25 months at 2.18. The monthly SIP book at Rs 18,872 cr was 7% higher from Dec, the fastest sequential growth in 21 months Assets under management of SIP-linked funds rose to Rs 10.26 lakh crore in January 2024, crossing the psychological milestone of Rs 10 lakh crore ($123 billion) for the first time, show the data. SIPs accounted for 19.5% of total mutual fund AUM at the end of last month. This implies nearly one-fifth of India’s total AUM is contributed by SIP-linked funds, which are presumed to be stickier than lumpsum investments. The share of SIP-linked funds to total mutual fund AUM nearly doubled in five years, with the SIP book growing at 33.78% annually, compared with 17.67% by the wider mutual fund industry. Of the total mutual fund industry AUM of Rs 52.74 lakh crore at the end of January, equity schemes accounted for nearly 43%, followed by debt at 26%, passive scheme (index & ETF) at 16% and hybrid at 13%, with the balance in other schemes

By Riju Mehta & Rohit Shah If you are planning on buying a car this year and your budget is below Rs 20 lakh, then here are five exciting new launches you should know. ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024. MARUTI SUZUKI SWIFT

₹7 trillion worth of bad debt in five years between 2019 and 2023 in the absence of resolution. Joshi said banks will be asked to move NCLT first, even if they are talking to borrowers for a one-time settlement (OTS), which often delays NCLT filings and admission. Also, sometimes bankers do not submit all the required information in their insolvency application, delaying admission.

life insurance companies met with the chairman and members of the Insurance Regulatory and Development Authority of India (Irdai) recently, to express their concerns over a proposed change in the guidelines to calculate the surrender value of prematurely terminated policies. Industry representatives said the changes as proposed could deal a «killer blow» to the sector. Any higher surrender value would lead to a fall in the persistency ratio — which indicates the proportion of policyholders regularly paying premiums — that has been just about 50% for more than five years, they claimed. During the meeting with the regulator, they flagged the potential detrimental effects of the proposed policy on persistency, the chief executive of a company said on the condition of anonymity. «The proposed hike in surrender values could lead to higher lapsation of insurance policies, thereby lower profitability,» he said.

Goosebumps series, following the success of its inaugural season. However, the upcoming season is set to embark on a new narrative journey, adopting an anthology format that will bring a refreshing twist to R.L. Stine's iconic universe.

PV Narasimha Rao, agricultural scientist MS Swaminathan and Karpoori Thakur posthumously, as well as veteran BJP leader Lal Krishna Advani. At five, this is the maximum number of Bharat Ratna announced for a year.

Godrej Properties' sale bookings are likely to rise 50 per cent annually to over Rs 18,000 crore this fiscal year, beating the annual guidance on strong demand for its residential projects. In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company is hopeful of selling properties of more than Rs 5,000 crore during January-March period of this fiscal year, repeating the performance of the previous two quarters. The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal. «We have crossed last year bookings number already in the first nine months of this fiscal and expect to go well past our full-year guidance. Overall we are happy with what is going from an operational perspective and hoping for a strong end to this fiscal year,» said Pirojsha.

The Congress government is expected to showcase its agenda ahead of the Lok Sabha polls later this year through the Governor's address and presentation of the State Budget, while the opposition BJP and JD(S), which are set to fight the polls jointly, look to show the government in poor light by highlighting the allegations against the administration. The 10-day session, which will commence with Governor Thawaarchand Gehlot's address to the joint session of both houses of the state legislature, will see Chief Minister Siddaramaiah presenting his record 15th Budget on February 16.

₹115-128 per share. At the upper end of this price band, the company anticipates raising ₹44.80 crore. The book-running manager for the issue is Ekadrisht Capital.

ISRO 2024 Recruitment and other details, read the information given below. More information can be obtained from the official notification. The recruitment process has been started for 224 positions.

₹73 to ₹77 per share. Also read: Indian Emulsifiers files draft papers with NSE to raise funds via IPO Investors can bid for a minimum of 1600 shares and in multiples thereof. The minimum amount of investment required by retail investors is ₹123,200.

ISC or the Class 12 exams will be held from 12 February to 2 April, while the ICSE or the Class 10 exams will begin from 21 February to 28 March. For further information please visit the official website www.cisce.org The ISC 2024 Class 12 Board Examinations will begins at 2pm and go on until 5pm. The question paper along with the answer booklet will be handed out to students at 1.45pm.

How to Apply for ISRO Recruitment 2024? Step 1: Visit the official website. Step 2: On the homepage, click on the link «Advt.No.URSC:ISTRAC:01:2024 — Recruitment to the posts of Scientist/Engineer-'SC', Technical Assistant, Scientific Assistant, Library Assistant, Technician-'B', Draughtsman-'B', Cook, Fireman-'A', Heavy Vehicle Driver-'A', and Light Vehicle Driver-'A'.»

Narendra Modi", Fadnavis said, "Just as the temple of Lord Ram has been built under the complete legal process, in the same way, Lord Krishna Jnanabhumi will also be built in harmony and under the law..." "Mathura, Kashi and Ayodhya are very sacred places for all of us...People expect that Shri Krishna's birthplace should also be developed." On Wednesday, Uttar Pradesh Chief Minister Yogi Adityanath invoked Krishna from 'Mahabharat,' saying that Krishna wanted five villages, "but Hindu society is asking for only three centres – the centres of our faith." "Everyone in the country is happy that Lord Ram has been installed in the temple. This is the first instance in the world that Lord Ram Lalla himself had to produce evidence of his own existence. But this teaches us perseverance...

ramp up arms production. Baltic leaders have emphasised that even small Russian advances could be existentially threatening to their states. “It cannot be ruled out that within a three to five year period, Russia will test Article 5 and NATO’s solidarity," warned Troels Lund Poulsen, Denmark’s defence minister, on February 9th.