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SIPs draw new faith to mutual funds: Investments as small as Rs 500 can help reach financial goals

Systematic Investment Plans (SIPs) have long existed. However, they have only recently turned eyeballs. The number of SIPs in the Mutual Fund Sector has more than doubled in the past three years.

 
 
Sensex ended the day 76.17 pts higher at new closing peak of 30,658.77 while the Nifty gained 13.50 pts to record a closing of  9,525.75.
Indian markets extended their rally all through the day to closing as investors remained bullish about the prospects of a good monsoon.
Returns on savings at 8.65% is lowest in 4 years. However, it still does not impact its status of the most attractive fixed-income investment option.
 
 
The Indian benchmark indices opened with deep cuts as the Sensex plunged over 150 points in the red and the Nifty50 retreated from yesterday's record high level.
Indian benchmark indices opened flat, with a negative bias, tracking muted global cues.
Punjab National Bank posted their Q4 earnings with a Net Profit of Rs 261.9 crore with a strong loan book growth and asset quality improvement.
Indian markets ended the day in the red led by losses in Asian Paints and Yes Bank.
Most people put off retirement planning as long as they can, but if you want to live your life after retirement the way you do it now, planning early will pay off.
S Chand & Company (S Chand) has listed at a 3 per cent gain at Rs 689 against its initial offer price of Rs 670 per share on the BSE.
Benchmark indices ended the day on a flat note with Bank Nifty as the main sectoral loser.
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