Mutual funds industry adds 81 lakh new investor accounts in April-May FY25
Sun, Jun 16, 2024 2:03 PM

Mutual funds industry adds 81 lakh new investor accounts in April-May FY25

A Flip by Avya Verma
Get it on Google Play
The mutual fund industry has added over 81 lakh investors' accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network. Additionally, changing perceptions about fixed deposits, which no longer offer competitive returns compared to mutual funds, and the rise to financial markets.

More great flips

Blum Crypto Launches Pre-Market Listing on Gate.io

Blum Crypto Launches Pre-Market Listing on Gate.io

Blum Crypto Launches Pre-Market Listing on Gate.io. Blum Crypto ($BLUM) has officially commenced its pre-market listing on the crypto exchange Gate.io, providing traders an early opportunity to engage with the token before its public launch. The pre-minting process started on Oct. 16, 2024, at 2:00 p.m. UTC, allowing users to stake USDT to mint Blum Pre-Tokens.

Open Flip
Bitcoin Approaches $70,000 Amid U.S. Presidential Election

Bitcoin Approaches $70,000 Amid U.S. Presidential Election

Bitcoin surged towards $70,000, reaching $69,450, as investors monitor the upcoming U.S. presidential election, with analysts suggesting a Trump victory could positively impact the cryptocurrency market and regulations. Bitcoin approaches a psychological resistance point, with a potential interest rate cut by the U.S. Federal Open Market Committee also influencing the market.

Open Flip
Gold, silver hit all-time high on Diwali demand

Gold, silver hit all-time high on Diwali demand

Gold price surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association. Amid the intensifying conflict in the Middle East, an interest rate cut by the People's Bank of China (PBoC) aided the rally in the yellow metal as investors moved towards the safe haven assets.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon