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Business Economy


ETMoney crosses Rs 2K cr of investment in MF

New Delhi, Feb 12 (UNI) Financial services app ETMoney on Tuesday announced that it has crossed the landmark of Rs 2,000 crores of money invested in Mutual Funds through its platform.
It is also adding more than Rs.150 crores of new investment transaction value every month from investors across 1,200 cities.
"The news comes five months after ETMoney switched to Direct Mutual funds, allowing users to invest through its platform at 0 per cent commission. These benefits of providing users with low cost and transparent investment options from a single place has struck the right cord with users and ETMONEY has since then doubled the amount of investment done on its platform, with SIPs being the most prominent investment mode," said ETMoney Founder and CEO Mukesh P Kalra.
"We are aiming to grow to Rs.5,000 crores of mutual fund transactions in the next 12-18 months,” added Mr Kalra.
"Used by more than 50 lakh Indians, ETMoney is available on Android or iOS," a statement here said.
UNI DJK SB 1656
More News

CEAT Limited launches second Truck Service Hub in AP

24 Aug 2019 | 7:11 PM

Kadapa, Aug 24 (UNI) CEAT Limited, a leading Indian tyre manufacturer has launched its second Truck Service Hub (TSH) in this district of Andhra Pradesh.

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Govt withdraws enhanced surcharge on tax payable on transfer of certain assets

Govt withdraws enhanced surcharge on tax payable on transfer of certain assets

24 Aug 2019 | 3:46 PM

New Delhi, Aug 24 (UNI) Tax payable on gains arising from the transfer of derivatives (Future & options) by foreign portfolio investment (FPI) which are liable to special rate of tax under section 115AD of the Act will be exempted from the levy of the enhanced surcharge, government said on Saturday.

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Bullion Market Closing rates

24 Aug 2019 | 3:12 PM

Chennai, Aug 24 (UNI) Following is the bullion markets
closing rate here today.

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BUSINESS-KERALA-RUBBER CLOSING

24 Aug 2019 | 2:46 PM

Kottayam, Aug 24 (UNI) Following were the rubber rates announced
by the Rubber Board here today per quintal
Kottayam
RSS FOUR 14000
RSS FIVE 13600
Kochi
RSS FOUR 14000
RSS FIVE 13600.

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Kozhikode Coir Market

24 Aug 2019 | 2:44 PM

Kozhikode, Aug 24 (UNI) Following were the rates in the
Kozhikode Coir Market today per quintal.

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