Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.
We stand in solidarity with India in the wake of the horrific Islamist terrorist attack, targeting and killing 26 Hindus in Pahalgam. My prayers and deepest sympathies are with those who lost a loved one, PM @narendramodi, and with all the people of India. We are with you and support you as you hunt down those responsible for this heinous attack.
Engaged with members of @fifaindiaorg at their 9th Annual Conference—an influential force in India’s financial landscape with an AUM of ₹4 lakh crore.
In today’s dynamic markets, fiscal discipline, risk-optimized investments, and financial literacy are key to sustainable wealth creation. Discussed how balancing savings, liquidity, and strategic asset allocation ensures capital efficiency for individuals and the economy.
Kudos to FIFA for its relentless efforts in investor education, regulatory advocacy, and market integrity. @DhruvLMehta #FinancialLiteracy #WealthCreation
@amfiindia@Camsonline@weKFintech@IncomeTaxIndia The revised process of PAN validation process will hamper the investments in MF industry wef 30.4.24, such a small differences in the name of applicant with PAN/ITD will lead to “not matched” and investment will be rejected.
If you are planning to buy @DaikinIndia AC think twice as they don’t have their service center in most cities. Also their service franchise close your complaint without visiting your home at mobile phone.
KYC is a problem crying to be fixed as of yesterday. In a world where we have Aadhar and some of the best digital public infra in the world, it also seems very doable.
In a strange new rule from KRAs, customers who are KYC registered can invest in funds they have folios. But without getting a Validated tag, they cannot invest in new mutual funds. This is putting newer MF players at a major disadvantage.
For MFDs who have to validate and comply with these rules again and again, cost of doing business just goes up at a time when we should focus on market expansion.
I do hope this is addressed definitively very soon if we aim to bring MF to every home.
Myth and reality
The AUM growth of MF Industry is majority driven by Mark to Market growth. That has zero impact on Bank Deposits.
MF industry doesn't deal in cash.
All subscription received or redemption paid is only through bank accounts. Our flows / AUM remains part of the banking system. In fact since there are no leakages, flows into MF industry actually increases velocity of money and help create more deposits.
As per the RBI, financial flows of household has gone substantially more to Insurance, Pension and PF, small savings and currency, than mutual funds in between FY 20-22.
The question which needs to be answered is why despite UPI, Indians have put more money in currency notes than mutual funds or equities in last three years?
The key to the riddle of bank deposit growth probably lies in that as currency reduces velocity of money and directly impacts deposit growth.
Here are key moments from the grand inauguration of our new Parliament building. A milestone in our nation's journey, it radiates the hopes and aspirations of 140 crore Indians.