UPS Financial News

mutual fund folios have nearly doubled in the last five years and reached 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020. The reasons behind this were increasing awareness and a growing interest among retail investors for parking cash in equities and bonds through the mutual fund route, according to a release by ICRA Analytics. The opening up of branches of fund houses beyond the top 30 towns is also encouraging more people to look at these as a suitable investment vehicle. This is also evident from the surge in the number of folios, said ICRA Analytics. The retail investors account for a major share of the total number of folios. According to the quarterly data on folio and ticket size available on the AMFI website, the retail investors accounted for nearly 91.3% of the 16.49 folios in the industry as on December 2023, at 15.06 lakh crore. The HNIs account for around 8% at 1.33 lakh crore while institutional investors account for less than 1% at 0.11 lakh crore.

A stretch of the Ohio River near Pittsburgh remains closed to maritime traffic as crews equipped with sonar look for a barge believed to have sunk over the weekend

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Someone with knowledge of the situation tells The Associated Press that the massive container ship that caused the deadly collapse of a Baltimore bridge experienced apparent electrical issues hours before it left the port

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The coffee that picked you up this morning is 600,000 years old

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April 17 marks the 100 days countdown to the Paris Olympics ambitious opening ceremony

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