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Hybrid Funds are balanced funds that invest primarily 65 to 80% of their total portfolio in equity, and the remaining 20 to 35% in debt instruments like fixed deposits. Hybrid funds can be classified into three categories - conservative, balanced, and aggressive.

₹797.00 apiece on the BSE. One 97 Communications, the parent company of Paytm, in its monthly business update on Thursday, said its average monthly users rose by 19% on-year to 9.3 crore. Number of merchants paying subscription for payment devices has reached 82 lakh as of July 2023, an increase of 3.8 lakh devices in the month.

Maneesh Dangi, Founder, Macro Mosaic, says “investors should look to increase surface area, all sorts of investors. Those who are already fully invested in Indian equities and are anxious as to why prices are not going up, we should guide them to add at least two more assets – Indian bonds and US equities. ”Dangi also says that since “the markets are intrinsically cyclical, no story including that of India's is secular.

gold prices have rallied to record highs. And this pattern has repeated many times in the past decades as well. The domestic economy is expected to continue on its healthy growth path, led by government and private sector capex spending, though advanced economies still face high inflation and slowing growth. Along with the challenges of geopolitics, all these factors leave a retail investor highly confused on how to make an asset allocation decision – apportioning money across equity (domestic & International), debt and gold (may be REITs and silver as well).

mutual funds failed to beat their respective benchmarks in the last three years. The three-year performance is significant because ELSS funds come with a mandatory lock-in period of three years. Most investors take a call on whether to continue with their schemes based on their performance during the lock-in period. ELSSs or equity linked saving schemes help investors to save taxes under Section 80C of the Income Tax Act. Investors can save a maximum of Rs 1.5 lakh in a financial year by investing in these schemes. The category manages assets worth Rs 1.71 lakh crore. The category has lost some of its popularity after the government introduced the new income tax regime that doesn’t need mandatory investments like ELSS to save taxes. An ETMutualFunds study showed that around 57% ELSS funds failed to beat their respective benchmarks in the three-year horizon. We analyzed the performance of around 37 ELSS schemes that have completed three years in the market and found out that 21 schemes failed to beat their respective benchmarks. In other words, only 16 schemes could beat their benchmarks.

India mobile average revenue per user (ARPU) reported by Bharti Airtel for the fiscal first quarter has been aided by better subscriber mix with more postpaid customers added in the quarter, and the full impact of the entry level tariff interventions taken by the telco from November 2022 to March 2023, analysts said. Airtel’s ARPU for the quarter at Rs 200 beat street estimates of Rs 197, indicating that its premiumisation strategy is being executed effectively, they added. “Bharti’s 1Q performance is yet another indicator of its strong execution backed by an effective premiumisation strategy and cost control, that is yielding results in the form of market share gains, robust FCF (free cash flow) generation, and B/S (balance sheet) deleveraging, notwithstanding high ongoing capex,” analysts from Citi said.

Taylor Swift's 'Reputation' album may be getting the 'Taylor's Version' treatment, as hinted by a snippet of 'Delicate (Taylor's Version)' in the latest season of Amazon Prime Video's The Summer I Turned Pretty. While an official announcement is yet to be made, the snippet has fans speculating about the re-recorded release. Meanwhile, Swift's ongoing 'Eras' tour continues to captivate audiences, with new North American dates added for October and November 2024.

₹15,000. The realme narzo N53 5G (6GB RAM, 128GB Storage) is priced at ₹10,999. Customers can further reduce the value by exchanging their old smartphones worth up to ₹10,350.

Britannia Industries, the FMCG major, will announce its Q1 results today. The company is expected to witness decent earnings growth on the back of healthy demand and moderating input cost inflation. The demand environment for the FMCG sector remained stable.

Adani Power, part of the Indian conglomerate Adani Group, reported an 83.26% rise in first-quarter profit on Thursday, boosted by a steep drop in its tax bill and a jump in collection of delayed payments. The company's consolidated net profit rose to 87.59 billion rupees ($1.06 billion) in the April-June quarter, from 47.80 billion rupees a year ago. That was mostly due to a near 96% drop in its tax bill and a near four-fold jump in delayed payments, including interest, from power distribution companies.

₹3,090 crore in Q1 2023-24. The performance review process for nearly 4,500 flight crew has begun, and the new salaries will be effective from October 1, an Economic Times report cited With over 60% of India's domestic market share, the airline reported its highest-ever quarterly profit. “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries and allowances to pre-Covid levels.

India's top bureaucrat reviewed a production-linked incentive scheme on Thursday amid a push from industry for faster payouts to improve the programme that aims to boost investment in manufacturing, a government official said. The scheme is crucial to boosting the broader Indian economy which has been starved of private investment for nearly a decade and is struggling to create adequate jobs, particularly in manufacturing.

Lizzo said Thursday that she's «not the villain» that three of her former backup dancers falsely accuse her of being in a sexual harassment lawsuit. The civil lawsuit filed Tuesday in Los Angeles Superior Court claims Lizzo pressured the dancers to engage with nude performers at a club in Amsterdam and shamed one of them for her weight gain before firing her. «I am not here to be looked at as a victim, but I also know that I am not the villain that people and the media have portrayed me to be these last few days,» Lizzo said in a statement posted on social media. «I am very open with my sexuality and expressing myself but I cannot accept or allow people to use that openness to make me out to be something I am not.» Plaintiffs Arianna Davis, Crystal Williams and Noelle Rodriguez made numerous allegations including sexual, religious and racial harassment, disability discrimination, assault and false imprisonment. They accuse the Grammy winner and her production company of creating a hostile work environment. The legal complaint seeks unspecified damages from Melissa Viviane Jefferson, known professionally as Lizzo, her production company Big Grrrl Big Touring, Inc., and Shirlene Quigley, captain of the performer's dance team.

Bharti Airtel: Bharti Airtel Ltd reported a mixed set of first-quarter numbers on Thursday, with revenue beating estimates even as profit came below expectations. The company reported a flat net profit of ₹1,612.5 crore in the first quarter of fiscal 2024 from ₹1,607 crore a year ago. However, the company’s revenue from operations grew 14% to ₹37,440 crore compared to ₹32,804.6 crore in Q1 FY23.

Read More)Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition.On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore.“Adani will add around 30 million tonne per annum (mtpa) cement making capacity in two years, both via organic and brownfield acquisitions, for which $4-5 billion could be invested, which will be funded mostly through internal accruals," one of the two people cited above said on condition of anonymity. (Read More)Bharti Airtel released its financial results for the first quarter of fiscal year 2023-24 (Q1FY24) on August 3, showing a net profit of ₹1,612 crore.

Cipla’, according to a report published by Economic Times. With this, the eventual exit process of the Hamied family from the company started in 1935, will be formally started. Moneycontrol earlier reported that Cipla's top shareholders are in talks to sell around 33.47% of their stake in the company to private equity players including Blackstone and Baring Asia.

Blackstone, the world’s largest private equity fund, is set to submit a non-binding bid as early as next week to acquire the entire 33.47% promoter stake in Cipla, India’s third-largest generics company by revenues, said people in the know. This will formally start a process which could see the eventual exit of the Hamied family from the company they created in 1935, and which has often been seen as a crusader against Big Pharma’s pricing strategies in emerging markets on account of its championing of affordable drugs. The move by Blackstone, if it comes about, will also trigger an open offer for an additional 26% of the company.

crypto startups, who are looking to expand the scope of their operations to a bouquet of offerings that include gaming, social applications, decentralised financial services and more. Nischal Shetty, the founder of crypto trading platform WazirX, is busy building Shardeum, a blockchain-based protocol that can scale up exponentially to simultaneously support multiple transactions of various kinds, including micro payments and trade finance dealings. Shardeum can support 200 transactions or more per second, Shetty told ET.

Amazon Prime Video on Friday (August 4) at 12:00 am PT/3:00 am ET. Created by renowned author Jerry Han, the series delves into the entangled relationships of a young girl and two teenage boys during a transformative summer vacation. Lola Tung shines in the lead role as Isabel "Belly" Conklin, supported by a talented ensemble cast. While an official promo for episode 6 is yet to be released, speculations suggest it will revolve around the aftermath of events at the beach house, with the teenagers returning home and Conrad possibly seeking access to his trust fund through legal means. As the season progresses, viewers can anticipate more captivating drama and compelling storylines. Critics and audiences alike have lauded the show's writing, performances, and engaging plot. The Summer I Turned Pretty follows the captivating journey of Isabel «Belly» Conklin, who finds herself entangled in a love triangle with two teenage brothers during a life-changing summer. Lola Tung delivers a remarkable performance as Belly, supported by an exceptional supporting cast, including Christopher Briney as Conrad Fisher, Gavin Casalegno as Jeremiah Fisher, and Rachel Blanchard as Susannah Fisher.

Lizzo has responded to the recent allegations made against her and her production company by three former dancers. In her statement posted on Instagram, Lizzo expressed how the past few days have been difficult and disappointing for her. She stated, «My work ethic, morals, and respectfulness have been questioned. My character has been criticized.» However, she also emphasized that she usually chooses not to respond to false allegations, but these recent claims are too outrageous to ignore. Lizzo addressed the allegations made against her production company Big Grrrl Big Touring, Inc. (BGBT) and Shirlene Quigley, the captain of her dance team. The former dancers accused them of sexual harassment and creating a hostile work environment in a legal complaint filed on August 1. In her statement, Lizzo pointed out that the stories coming from the former employees have been sensationalized and that they have previously admitted to being told about their inappropriate and unprofessional behavior on tour. She reaffirmed her passion for her art and performances, stating that she takes them seriously, and her aim is always to put out the best work that represents herself and her fans. While Lizzo acknowledges that she sometimes has to make hard decisions, she emphasized that it has never been her intention to make anyone feel uncomfortable or undervalued as a part of the team. She asserted that she does not want to be perceived as a victim in this situation but wants to clarify that she is «not the villain.»

Amazon Great Freedom Festival is started with a bang, and this year, it's poised to redefine the way we shop for smartphones. Scheduled to take place from the 4th to the 8th of August 2023, this five-day extravaganza promises a treasure trove of incredible deals and offers across various product categories. One particular segment that has garnered immense attention is the impressive lineup of smartphones under Rs 30,000. To sweeten the deal even further, SBI credit cardholders can avail themselves of an enticing 10% instant discount on their transactions. So, if you're a tech enthusiast or a casual shopper looking to upgrade your smartphone, mark these dates on your calendar and get ready for a shopping experience like no other.