UTI Mutual Fund launches Two New Passive Funds

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UTI Mutual Fund offers an excellent opportunity for investors to invest in a well-diversified portfolio. These funds use a passive strategy, which means they track specific market indices. They are cost-effective compared to actively managed funds, providing a more affordable way to invest while benefiting from UTI’s experience in managing index funds. UTI Nifty Alpha … Read more

Government Sets Target for MSME Loans

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The Government of India has set a target for scheduled commercial banks and non-banking financial companies (NBFCs) to provide an additional Rs 1.54 lakh crore in loans to Micro, Small, and Medium Enterprises (MSMEs) during the current financial year (FY 2024-25). Finance Minister Nirmala Sitharaman announced that the goal for MSME loan growth will reach … Read more