Author: Shehnaz Beig

Buying shoes for children is always a tricky task for parents. As kids grow, their shoe size changes quickly, making it difficult to keep up. Parents often find themselves replacing shoes every few months, as they outgrow them in no time. Pune-based entrepreneur Satyajit Mittal saw this common problem and decided to turn it into a business opportunity. His startup Aretto, launched in 2022, creates shoes that grow with a child’s feet, and it has taken the market by storm. The Inspiration Behind Aretto Satyajit Mittal noticed a big gap in the market for kids’ shoes while shopping for footwear.…

Kotak Mahindra Asset Management Company has launched a new and exciting mutual fund scheme, the Kotak MNC Fund, which is based on the multinational company (MNC) theme. This open-ended equity scheme provides investors with a unique opportunity to gain exposure to some of the most renowned global brands across multiple sectors and market caps. What sets this fund apart is its focus on multinational companies with strong global reach, advanced technology, and robust business models, making it an attractive option for investors seeking long-term growth. Let’s dive deeper into the features and benefits of this new fund. Minimum Investment of…

The Indian mutual fund market is full of options, but Parag Parikh Flexi Cap Fund has emerged as a standout performer, gaining immense popularity among investors. With an incredible Rs. 81,571 crore in Assets Under Management (AUM), this fund has clearly won the trust of thousands of investors. The question is—what makes it so special? Let’s explore why this scheme has become one of the top choices for mutual fund investors and how its performance continues to set it apart from other funds. Impressive Returns Drive Investor Confidence One of the biggest reasons behind the success of Parag Parikh Flexi…

In today’s world, securing your financial future is a top priority for many. Whether it’s inflation, rising expenses, or the dream of living a comfortable life, everyone is looking for smart ways to grow their money. While savings accounts, fixed deposits, and small saving schemes remain common, they often fail to offer the wealth-building opportunities many desire. However, if you’re serious about becoming financially secure, investing in a Systematic Investment Plan (SIP) can be a game-changer. One particular strategy in SIP investing—the 7-5-3-1 rule—can help you amass significant wealth even with small regular investments. This rule is a simple yet…

In a significant turnaround, the stock markets of China and Hong Kong have seen an impressive surge in market capitalization. In just 15 trading days, the combined market cap of these two major markets grew by approximately $3.2 trillion. This remarkable growth comes as a result of several economic reforms introduced by the Chinese government, aimed at reviving its slowing economy. Between September 13 and October 2, China’s total market capitalization skyrocketed from $7.95 trillion to $10.1 trillion. This means China’s stock market gained about $2 trillion in market cap within this short span. To put this into perspective, this…

Foreign Institutional Investors (FIIs) have been increasingly selling off their investments in India, with the largest sell-off in four years happening recently. On October 3, FIIs offloaded Rs 15,243 crore in cash, impacting several blue-chip companies like Reliance, HDFC Bank, and Tata Motors. This sudden shift is mainly attributed to China’s recent economic policies, attracting FIIs towards cheaper valuations. However, despite this short-term rotation, experts believe India’s long-term potential remains solid. FII Sell-Off: Why Is It Happening? On October 3, FIIs aggressively sold their positions in India’s stock market, causing significant losses in top companies. The sell-off in cash amounted…

Thousands of Indian crypto investors are in a difficult position after WazirX, one of India’s largest cryptocurrency platforms, was hacked in July 2023. The attack led to the theft of $230 million worth of assets, and investors like Shubham, who had money in Bitcoin, Ether, and Matic, have been unable to sell their holdings or book profits ever since. This situation has left many wondering if there is any way for them to recover their funds. The Cyber Attack and Its Aftermath The WazirX platform was hit by a major cyber attack on July 18, 2023. Hackers targeted the platform’s…

Mutual fund investments, especially through Systematic Investment Plans (SIPs), can lead to significant wealth creation over time. One such example is the Nippon India Growth Fund, which has become a star performer in its category. Launched in 1995, this midcap-focused mutual fund has been delivering excellent returns to its investors for nearly three decades. Those who started investing just Rs 1500 per month through SIP have seen their investment grow into a massive Rs 4 crore. Let’s take a closer look at how this fund has worked its magic. 29 Years of SIP Growth: Small Savings, Big Rewards The Nippon…

The competition between India’s top food delivery platforms, Swiggy and Zomato, continues to heat up. According to a recent analysis by Morgan Stanley, Zomato has taken the lead over Swiggy in terms of market share and profitability. However, Swiggy still shows promise in certain areas, making the competition tighter than ever. Zomato’s Edge in Market Share Zomato, known for its aggressive expansion strategies, has grown its market share significantly. As per the latest figures, Zomato’s market share increased from 54% in FY22 to 58% in the first quarter of FY25. Swiggy, while expanding its operations to 681 cities, has been…

The Supreme Court has delivered a significant ruling in favor of the Income Tax Department, allowing the reopening of 90,000 income tax return cases. These cases, linked to tax assessments from 2013-14 to 2017-18, had previously been challenged in various high courts. The reassessment notices, issued after April 1, 2021, sparked over 9,000 petitions, with many courts initially siding with taxpayers. However, the Supreme Court has now upheld the department’s authority to reopen these cases under pre-2021 laws, marking a major shift in favor of the tax authorities. Why the Cases Were Reopened The cases in question are being reopened…