Technology News
Inflow in equity mutual funds jumps 42% to nearly Rs 20,000 cr in Oct; SIPs hit all-time high | Business News

[ad_1]
Driven by investors’ interest in small-cap funds, inflow in equity mutual funds surged 42 per cent month-on-month to nearly Rs 20,000 crore in October despite the risk-off sentiment in the stock markets.
This was way higher than Rs 14,091 crore inflow seen in the category in September. Before this, the inflow was at Rs 20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday. Inflow through SIPs (Systematic Investment Plans) hit a fresh all-time high of Rs 16,928 crore in October, surpassing the previous high of Rs 16,042 crore in September.
“SIP numbers show consistent month-on-month growth, underlining the strength of systematic investment plans. High SIP account openings indicate a growing, committed investor base,” NS Venkatesh, Chief Executive at Amfi, said.
Going by the data, equity mutual funds witnessed a net inflow of Rs 19,957 crore in October, making it the 32nd consecutive month of net infusion.
All the categories experienced inflow in equity segments. The equity category was also aided by four new fund launches in October which garnered Rs 2,996 crore.
“The month of October, the equity markets continued to experience a risk-off sentiment, with the Index falling below 19,000 levels. Despite this fall, equity mutual funds continued to exhibit resilience, recording a significant net inflow of Rs 19,957 crores v/s Rs 14,091 crore observed in September,” Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company, said.
Among the equity asset class, the small cap category attracted the highest inflows to the tune of Rs 4,495 crores during the month. This was followed by Rs 3,896 crore in thematic funds.
“While the flows in the small-cap category have been consistently high over the past many months, in October it was also aided by the launch of Baroda BNP Paribas Small cap fund which garnered Rs 1,103 crore,” Melvyn Santarita, Analyst – Manager Research, Morningstar Investment Adviser India, said.
Interestingly, the large-cap category which has witnessed five consecutive months of net outflows finally turned the corner as it garnered Rs 724 crore in October, reflecting broader market recovery.
Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 42,634 crore in October after withdrawing funds in the past two months, primarily due to increased flows in the liquid fund category.
The debt segment had witnessed a net outflow of Rs 1.01 lakh crore in September and Rs 25,873 crore in August. All debt categories, barring overnight funds, low-duration funds, medium-duration funds, credit risk funds, and banking & PSU funds, attracted inflows.
Liquid funds saw the highest net inflow of Rs 32,964 crore in the month under review as against the net outflow of Rs 74,177 crore in September. Investor sentiment towards the gilt fund category was favourable during the month as the category witnessed net flows of Rs 2,000 crore.
This could be attributed to investors opting to invest in government papers offering attractive yields in anticipation of a change in interest rate cycle in future, Neha Meshram, Senior Analyst, Manager Research at Morningstar Investment Adviser India, said.
Additionally, the quantum of net flows in Gold ETFs rose to Rs 841 crore in October from Rs 175 crore in the preceding month.
Most Read
“With ongoing geo-political tensions, fear of continued hike in interest rates in the US, inflation still higher than expectations, and growth rate slowing down, the appeal of Gold as a safe haven and hedge against inflation is expected to continue.
“Moreover, gold prices in recent times have come off from the all-time high levels, thereby providing some buying opportunity, particularly after a sharp rally it witnessed since March this year,” Morningstar’s Santarita said.
Overall, the 44-player mutual fund industry has witnessed an inflow of Rs 80,528 crore in the month under review as compared to an outflow of Rs 66,192 in September. This helped mutual fund industry assets under management (AUM) to reach Rs 46.71 lakh crore in October-end as compared to Rs 46.58 lakh crore at the end of September. PTI
[ad_2]
Source link
Technology News
Circle to Search: Share part of your screen!

According to recent reports, Circle to Search, a feature introduced with the Samsung Galaxy S24 series in January 2024, might soon undergo an upgrade. Initially allowing users to copy text from selected areas, it’s now rumored to include the capability to capture and share screenshots of specific screen sections.
This enhanced functionality, observed in the latest version of Circle to Search, enables users to not only copy text but also capture and share screen images. A video shared by a tipster on X showcased this update, revealing new options of Copy and Share upon selecting an area. Even adjustments to the selected region don’t remove these options, ensuring a seamless experience. Users can either copy the image to the clipboard for further editing or share it directly through various apps.
Previously, the visual lookup feature solely facilitated text copying. While Android devices offer a three-finger swipe-down gesture for quick screenshots, it captures the entire screen, necessitating subsequent cropping. This new functionality streamlines the process, allowing users to select and share specific screen sections in just two steps.
Interestingly, Google recently addressed concerns about accidental activations of Circle to Search in a podcast featuring its developers. They acknowledged the issue and assured users of an impending fix. This indicates ongoing efforts to refine the feature for a smoother user experience.
Technology News
Discounted OnePlus Nord CE 3 price in India: Check it out!

The OnePlus Nord CE 3 has recently undergone another price reduction in India, marking a significant update for potential buyers. Initially introduced to the Indian market in June 2023, this smartphone received its first price adjustment in November of the same year. The base variant, featuring 8GB of RAM and 128GB of internal storage, was notably listed at a price Rs. 2,000 lower than its launch price, signaling OnePlus’s commitment to providing competitive pricing to its customers.
The OnePlus Nord CE 3 is powered by an octa-core Qualcomm Snapdragon chipset and ships with the Android 13-based operating system. It boasts a triple rear camera setup, enhancing its photography capabilities, and supports SuperVOOC charging, ensuring rapid replenishment of its battery. The inclusion of these features positions the Nord CE 3 as a compelling option for smartphone enthusiasts seeking a balance between performance, affordability, and innovation.
The recent unveiling of the OnePlus Nord CE 4 in India marks the continuation of OnePlus’s commitment to delivering cutting-edge technology to its users. Serving as the successor to the Nord CE 3, the Nord CE 4 is expected to build upon the strengths of its predecessor while introducing new enhancements and features to further elevate the user experience.
When considering the revised pricing of the OnePlus Nord CE 3, it’s evident that OnePlus aims to make its devices more accessible to a wider audience. The reduction in price, particularly on platforms like Amazon and the OnePlus India website, presents an opportunity for consumers to acquire a high-quality smartphone at a more affordable rate.
Let’s delve deeper into the specifications and features of the OnePlus Nord CE 3 to understand its capabilities and appeal to potential buyers.
OnePlus Nord CE 3 Price in India (Revised)
The base variant of the OnePlus Nord CE 3, featuring 8GB of RAM and 128GB of internal storage, was initially launched in India at Rs. 26,999. Following its first price cut in November, the price was reduced to Rs. 24,999. Now, the same variant is available on Amazon at Rs. 22,990, representing a Rs. 2,009 reduction from its previous price. Furthermore, customers can benefit from an additional flat Rs. 2,000 instant discount on ICICI and HDFC Bank cards, bringing the effective price down to Rs. 20,990.
On the OnePlus India website, the 8GB + 128GB variant is priced at Rs. 22,999, marking a Rs. 2,000 decrease from the November price of Rs. 24,999. It is worth noting that this discount is exclusively applicable to the 128GB model, as the higher-end 256GB variant is currently listed as out of stock.
OnePlus Nord CE 3 Specifications and Features
Display:
The OnePlus Nord CE 3 boasts a 6.7-inch full-HD+ fluid AMOLED display with a resolution of 1,080 x 2,412 pixels. With a refresh rate of up to 120Hz, users can enjoy smooth and fluid visuals, enhancing their overall viewing experience.
Processor and Performance:
Powered by the Qualcomm Snapdragon 782G SoC, the OnePlus Nord CE 3 delivers robust performance and efficient multitasking capabilities. With up to 12GB of RAM and up to 256GB of onboard storage, users can seamlessly navigate between apps and store their multimedia content with ease.
Operating System:
The smartphone ships with Android 13-based OxygenOS 13.1, providing users with a clean and intuitive user interface coupled with a plethora of customization options. OxygenOS is known for its smooth performance and timely software updates, ensuring that users stay up-to-date with the latest features and security patches.
Camera:
The OnePlus Nord CE 3 features a versatile camera setup, comprising a 50-megapixel primary sensor with optical image stabilization (OIS) and electronic image stabilization (EIS) support. Accompanying this primary sensor is an 8-megapixel sensor with an ultra-wide-angle lens and a 2-megapixel macro shooter, allowing users to capture a wide range of subjects with stunning detail and clarity. On the front, the device houses a 16-megapixel sensor for high-quality selfies and video calls.
Battery and Charging:
Equipped with a robust 5,000mAh battery, the OnePlus Nord CE 3 offers ample battery life to power through a full day of usage. Additionally, the device supports 80W wired SuperVOOC charging, enabling users to quickly replenish the battery and minimize downtime.
Connectivity:
The OnePlus Nord CE 3 supports a comprehensive range of connectivity options, including 5G, 4G LTE, Wi-Fi, Bluetooth 5.2, NFC, GPS, and USB Type-C. Whether it’s streaming multimedia content, browsing the web, or staying connected with friends and family, users can rely on the Nord CE 3 to deliver seamless connectivity and performance.
Security:
For enhanced security, the OnePlus Nord CE 3 features an in-display fingerprint sensor, allowing users to conveniently unlock their device with a simple touch. This biometric authentication method adds an extra layer of protection to safeguard sensitive data and personal information.
Conclusion
In conclusion, the OnePlus Nord CE 3 offers a compelling combination of performance, affordability, and innovation, making it an attractive choice for smartphone enthusiasts in India. With its recent price reduction and competitive specifications, the Nord CE 3 presents a compelling value proposition for consumers seeking a high-quality smartphone experience without breaking the bank. As OnePlus continues to innovate and introduce new features with each iteration, the Nord CE 3 stands as a testament to the company’s commitment to delivering exceptional devices tailored to the needs of its users.
Technology News
Namma Yatri launches cab service in Bengaluru

In its largest market, Bengaluru, ride-hailing company Namma Yatri has expanded its services to include cab-hailing, marking a significant shift from its previous focus on auto rickshaws. Namma Yatri, known for pioneering a daily subscription model as opposed to the commission-based model utilized by competitors like Ola and Uber, had initially concentrated on auto rickshaws in Bengaluru. However, it now features a distinct section on its app dedicated to booking cabs in the city. Additionally, Namma Yatri already provides cab rides in Kochi and Kolkata.
The decision to venture into cab services follows Namma Yatri’s separation from its former parent company, Justpay, and comes on the heels of a reported expansion plan announced on April 1st. The move also aligns with the broader trend observed in the industry, as both Ola and Uber have recently introduced subscription-based plans for auto-rickshaw drivers on their platforms. This strategic shift towards subscription-based models, akin to Namma Yatri’s approach, as well as that of Rapido, highlights a growing preference within the industry for alternative pricing structures beyond traditional booking fees or commissions.
-
Startup Stories1 year ago
Why Millennials, GenZs Are Riding The Investment Tech Wave In India
-
Startup Stories1 year ago
Startups That Caught Our Eyes In September 2023
-
Startup Stories1 year ago
How Raaho Is Using Tech To Transform India’s Fragmented Commercial Trucking
-
Startup Stories1 year ago
Meet The 10 Indian Startup Gems In The Indian Jewellery Industry’s Crown
-
Startup Stories1 year ago
WOW Skin Science’s Blueprint For Breaking Through In The $783 Bn BPC Segment
-
Crptocurrency11 months ago
Lither is Making Crypto Safe, Fun, and Profitable for Everyone!
-
Startup Stories1 year ago
How Volt Money Is Unlocking The Value Of Mutual Funds With Secured Lending
-
E-commerce1 year ago
Top Online Couponing Trends To Watch Out For In 2016