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Indian Stock Market News and Views.

FII’s Latest Cash Inflows

| Filed under Economy

 

mkt fii FIIs Latest Cash Inflows

 

 

 

The Indian Stock Market has witnessed a flow of three-billion dollar mark of Foreign Institutional Investors(FII’s) inflow which makes it over Rs.15725 Cr, out of which two billion came in just five trading sessions. The latest data available with the SEBI shows that FII’s purchase was worth 3.2 billion dollars in 2009 which would make its Rs.15725 cr. On Tuesday alone they had made investment worth of Rs.5044.8 cr(1.06 billion dollars) in the domestic markets.  

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What is Micro Finance

| Filed under Economy

 

2229763779 872f8f6f2d m What is Micro Finance

In India Micro finance seems to be the buzz in the streets of the Mutual fund industry. The industry is not grown like what is found to be in the other developed countries. Keeping in mind with the vast untapped market of India Mutual fund companies are getting with new plans which would range from Rs.10 to 300 per day. The target of the micro finance is for the rural and semi urban area households with low income. To tap the market major fund houses like UTIMF and SBIMF have been associated with many NGO’s and other micro credit institutions locally. The first one to get into the micro financing market was Bharati AXA with their Bharati AXA Equity Fund by the last of September which was with a minimum investment of Rs.300.  

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