Financial Highlights: Keep an Eye on Mutual Fund Shares

Important developments in the financial world that affect your life and pocket

Mumbai: 1. In December 2022, investment through SIP reached a new high. Investors have invested Rs 13,573 crore through SIP in December 2022. Keeping in mind the entire year 2022, a total investment of Rs 1.5 lakh crore has been made through SIP. This amount has increased by 31% as compared to 2021. Currently there are 6.12 crore mutual fund accounts in India and the AUM of the mutual fund industry has crossed 40 lakh crore.

result – This will lead to a rise in earnings of mutual fund companies and stocks like HDFC AMC and Motilal Oswal are likely to rally.

2. Ratan India Enterprises has acquired electric vehicle maker Revolt Motors. Thereafter Revolt Motors will do business as a subsidiary of Ratan India Enterprises. Revolt Motors is the largest seller of electric cars in India and has a manufacturing plant in Manesar. The company currently sells cars through 30 dealers.

result – After this transaction, now the company can expand rapidly. Ratan Bharat’s income will increase.

3. According to a report by CREDAI, most of the builders have predicted a big increase in the real estate prices in 2023. The highest number of houses have been sold in 2022. The same trend is likely to continue in 2023 as well. Along with this, there is no possibility of reducing the cost of construction materials. Steel prices have increased by almost 10% since October 2022

result – Home prices are likely to increase in 2023, which will have a positive impact on real estate stocks

4. The wholesale inflation rate has come down to 4.95 percent. This is the lowest figure in the last 22 months. The Ministry of Commerce said that the wholesale inflation rate has come down due to the decrease in the prices of food grains, mineral oil, crude oil and natural gas.

result – In the coming times also, the rate of inflation is likely to remain low, which will help in lowering the interest rates in India.

5. Union Finance Minister Nirmala Sitharaman has informed that we understand that the middle class citizens of India are in trouble. Nirmala Sitharaman said, because of this the government has not increased the rate of income tax. He also expressed confidence that the government is committed to double the income of farmers. At present, income tax is not payable on income up to 5 lakhs. Will this limit be increased in the upcoming budget, the answer will be received on February 1.

result – If this limit is increased, then there will be a decrease in the revenue of the government, but crores of taxpayers will get relief.

6. The government took several measures to improve the performance of state-owned banks. Union Finance Minister Nirmala Sitharaman has informed that these efforts have got good success. The NPAs of public sector banks have come down. Also, in 2022, there has been a 100 percent increase in the profits of public sector banks. At present, the NPA of public sector banks has come down to 5 per cent. This is the lowest figure in the last 7 years.

result – In the coming times, the performance of public sector banks will also improve and the PSU Bank Index will rise.

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