Investment of ₹34,697 crore in equity mutual funds in May: Paytm is firing employees, market cap of Microsoft-Apple is more than all the companies of India

Yesterday’s big news was related to equity mutual funds. In May 2024, for the first time, investment in equity mutual funds crossed the level of Rs 30,000 crore. Earlier in March 2022, the net inflow in mutual funds was Rs 28,463 crore. At the same time, Paytm’s parent company ‘One 97 Communications Limited’ is firing its employees. Before tomorrow’s big news, today’s major events, which will be watched… 1. Investment of ₹ 34,697 crore in equity mutual funds in May: This is 83% more than in April, highest investment of ₹ 19,213.43 crore in sectoral funds. In May 2024, for the first time, investment in equity mutual funds crossed the level of Rs 30,000 crore. Earlier in March 2022, the net inflow in mutual funds was Rs 28,463 crore. Investment in mutual funds stood at ₹34,697 crore in May 2024, which is 83% more than ₹18,917 crore in April on a monthly basis. At the same time, monthly investment through Systematic Investment Plan i.e. SIP increased by 2.61% to ₹20,904 crore, from ₹20,361 crore in April. In April 2024, the figure of monthly investment through SIP in mutual funds crossed ₹20,000 crore for the first time. Click here to read the full news… 2. Paytm is firing employees: This is part of restructuring, the company is helping those who resign to get another job. Paytm’s parent company ‘One 97 Communications Limited’ is firing its employees. However, the company has not given information about how many employees it is firing. According to media reports, the number of sales employees of Paytm decreased by about 3,500 on a quarterly basis to 36,521 in the March 2024 quarter. The main reason for this was the ban imposed by the Reserve Bank of India (RBI) on the service of Paytm Payments Bank. Click here to read the full news… 3. Microsoft-Apple’s market cap is higher than all companies in India: The value of both companies is $ 6.14 trillion, BSE’s market cap is $ 5.06 trillion The combined market cap of US companies Microsoft and Apple has surpassed the total market cap of 3,851 companies listed in India. Apart from this, the market cap of America’s top three valuable companies – Microsoft, Apple and Nvidia is now larger than the 5,300+ companies of the Chinese stock exchange. Bloomberg has published a report regarding this. The market cap of Microsoft-Apple is $ 6.14 trillion (about Rs 512 lakh crore). The market cap of BSE is $5.06 trillion (around ₹423 lakh crores). Whereas the market cap of Microsoft, Apple and Nvidia is $9.2 trillion (₹768 lakh crores). The market cap of China’s Shanghai Stock Exchange is $9 trillion (₹768 lakh crores). Click here to read the full news… 4. Chronox Lab Sciences listed 21.2% up at Rs 164.95: Issue price was Rs 136, the company manufactures specialty chemicals. The share of Chronox Lab Sciences was listed on the National Stock Exchange at Rs 164.95, up 21.2%. The company had fixed the price band of the IPO at ₹129- ₹136 per share. Its issue price was Rs 136. Currently it is trading around Rs 160. The listing of Chronox Lab’s share has been done in line with market expectations. This is because grey market trends were already indicating that the stock could be listed with a premium of about 22-30%. Cronox is a specialty chemical manufacturer. Click here to read the full news… 5. IPO of ixigo’s parent company opens: Bids can be made till June 12, minimum investment will be ₹14,973 The initial public offer i.e. IPO of Le Travenues Technology, the parent company of travel aggregator ixigo, has opened for public subscription from today. Retail investors will be able to bid for this IPO from June 10 to June 12. Through this issue, the company wants to raise a total of ₹740.10 crore. For this, the company will issue 12,903,226 new shares worth ₹120 crore. At the same time, the existing investors of the company will sell 79,580,900 shares worth ₹740.10 through Offer for Sale i.e. OFS. Click here to read the full news… Now read the news of your need… How much interest will you get on FD in HDFC Bank: Now up to 7.75% return on fixed deposits, see new interest rates HDFC Bank has increased the interest rates on Fixed Deposit (FD). This change has been made in the interest rates of FDs of less than Rs 2 crore. Now on FD in HDFC Bank, general citizens will get interest ranging from 3% to 7.25%. On the other hand, senior citizens will get interest ranging from 3.50% to 7.75%. Earlier, on June 1, Union Bank of India had changed the interest rates on Fixed Deposit (FD). After this change, general citizens are getting annual interest ranging from 3.50% to 7.25% on FD in the bank. On the other hand, the bank is offering annual interest ranging from 4% to 7.75% to senior citizens. On the other hand, super senior citizens are being given an annual interest of 4.25% to 8%. Interest rates have been changed for FDs of less than Rs 2 crore. Click here to read the full news… Also see who were the top 10 richest people in the world yesterday… Know the status of yesterday’s stock market and gold-silver… Know the latest prices of petrol-diesel and gas cylinders…

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