Ban on investment in mutual-fund schemes investing in foreign ETFs: Rupee hits record all-time low, SpiceJet reduces flights by 26% in summer schedule

Ban on investment in mutual-fund schemes investing in foreign ETFs: Rupee hits record all-time low, SpiceJet reduces flights by 26% in summer schedule

From next month i.e. 1st April, you will not be able to invest in those mutual fund schemes which invest money in foreign ETFs i.e. exchange traded funds. Stock market regulator Securities and Exchange Board of India (SEBI) has banned mutual funds from taking new investments from this date. Rupee has reached its record all time low. On Friday (22 March), it saw a fall of 35 paise against the US dollar and closed at an all-time low of Rs 83.48 per dollar. Cash-strapped airline company SpiceJet has decided to reduce its weekly flight operations by 26% in the upcoming summer schedule. Before tomorrow’s big news, today’s major events to keep an eye on… Now tomorrow’s big news… 1. Ban on investment in mutual-fund schemes investing in foreign ETFs: SEBI bid – investment within maximum limit. Close, do not take new investments from April 1st. From next month i.e. April 1st, you will not be able to invest in those mutual fund schemes which invest money in Foreign ETF i.e. Exchange Traded Funds. Stock market regulator Securities and Exchange Board of India (SEBI) has banned mutual funds from taking new investments from this date. SEBI’s order has come because the maximum limit of investment in foreign ETFs is fixed at 1 billion dollars (about ₹ 8,332 crore). Investment in this has now reached close to this limit. Regarding this, SEBI has also written a letter to the Association of Mutual Funds in India (AMFI), the organization that heads mutual fund houses in the country. Click here to read the full news… 2. Rupee reached its record all-time low: 35 paise fell against the dollar and closed at 83.48, foreign goods will become expensive. The rupee has reached its record all-time low. On Friday (22 March), it saw a fall of 35 paise against the US dollar and closed at an all-time low of Rs 83.48 per dollar. Earlier on December 13, 2023, the rupee had closed at its lowest level of 83.40 against the dollar. According to research analyst Anuj Chaudhary, the US dollar strengthened due to the weak euro and pound. The strengthening of the dollar as well as the fall of the Chinese yuan put pressure on the rupee. Apart from this, there is a shortage of dollars in the market, which has also affected the rupee. Now read the news of your need… 3. SpiceJet reduced the flights by 26% in the summer schedule: Shortage of pilots and aircraft rental were held responsible, the company will operate only 1,657 flights. The airline company SpiceJet, which is facing cash crunch, has reduced the upcoming summer schedule. It has decided to reduce its weekly flight operations by 26%. According to the company, due to shortage of pilots and increase in aircraft lease fares, there is difficulty in increasing flight operations. The summer schedule for 2024 will begin March 31 and end October 26. During this period, the airline will operate only 1,657 flights as compared to 2,240 flights in the current winter schedule. Click here to read full news… 4. DGCA imposed a fine of ₹ 80 lakh on Air India: The airline did not give adequate rest to the crew, training records were also marked wrongly. Directorate General of Civil Aviation on Air India. (DGCA) has imposed a fine of Rs 80 lakh. This fine has been imposed for violation of rules related to Flight Duty Time Limitations (FDTL) and Fatigue Management System (FMS). DGCA had conducted a spot audit of Air India in the month of January for compliance with FDTL and FMS rules to ensure high level of safety. During the audit, DGCA found that the company operated flights in violation of rules. Click here to read the full news… 5. Lawsuit against Apple in America regarding iPhone monopoly: Company said – Based on facts and law, this is wrong, we will defend it. America has filed a lawsuit against Apple. The tech giant has been accused of monopolizing the smartphone market and suppressing competition. Apple has denied these allegations against it after the lawsuit was filed. In the legal action, the Justice Department also alleged that the company abused its control over the iPhone App Store. It talks about taking illegal steps to make competitor’s products less attractive. Click here to read the full news… 6. Kia’s premium sedan K4 revealed: The company will present it at the New York Auto Show on March 27, to compete with Honda Civic. Car maker Kia has revealed its second generation K4 in the global market. Have given. This sedan is based on the company’s new ‘Opposites United’ design. Although the technical specifications of the car have not been disclosed. The company is preparing to showcase it at the New York Auto Show on March 27. Sales of the car may start in America by the end of this year, where it will compete with Honda Civic, Toyota Corolla and Hyundai Elantra. Information about whether this premium sedan will be launched in the Indian market has not been given. Currently, Kia is preparing to launch a new sub-4 meter SUV Clavis here. Click here to read the complete news… Now read the news of your need. Create a big fund by depositing small amounts: Investing in mutual funds through SIP reduces the burden on the pocket and reduces the risk; But returns are better. If you are planning to invest in mutual funds, then investing through Systematic Investment Plan i.e. SIP can be a better option. Through this, you can easily create a big fund by depositing small amounts. There are some misconceptions in the minds of people regarding investing money in mutual funds through SIP. We are telling you some important things related to SIP. So that you too can invest in mutual funds without hesitation… Click here to read the complete news… Also see who were the top 10 richest in the world yesterday… Tomorrow’s stock market and gold and silver. Know the condition of… Know the latest price of petrol, diesel and gas cylinder…

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