Latest-News-Updates-in-Personal-Finance-Industry-–-May-2024Latest News & Updates in Personal Finance Industry – May 2024

Stay informed with the latest news and updates in the personal finance industry for May 2024. From investment trends to tax reforms, this month’s developments impact your financial decisions. Discover insights on market shifts, regulatory changes, and expert advice to navigate the evolving landscape. Whether you’re planning for retirement, managing investments, or optimizing savings, staying abreast of industry updates is crucial. Join us as we delve into the key updates in personal finance landscape this month, empowering you to make informed financial decisions for a secure future:

Latest News & Updates in Personal Finance Industry – May 2024

Latest Financial News Highlights:

  • The small-cap category experienced a net outflow in March 2024, first time in 2.5 years:

Following SEBI’s apprehensions about market froth in segments of small-and mid-cap stocks and its directive for mutual funds to conduct stress tests, the Small Cap Category saw an outflow of 894 Crore in
March 2024, according to the latest data from AMF.

  • The second-highest monthly Gross GST Revenue collection reported Mar’24:

As per data released by the Ministry of Finance, Gross Goods and Services Tax (GST) revenue for March 2024 hit the second-highest collection ever at 81.78 lakh crore, reflecting an 11.5% year-on-year growth, primarily fueled by a notable 17.6% increase in GST collection from domestic transactions.

  • Retail inflation dropped to a 10-month low of 4.85%, while the IIP reached a four-month high:

In March 2024, India’s annual retail inflation decreased to 4.85% from 5,09% the previous month. Concurrently, industrial production (IIP) rose to a four-month high of 5.7% in February, up from 4.2% in the preceding month.

  • Monetary Policy Highlights: RBI keeps the Repo rate unchanged at 6.5%:

In the Monetary Policy Meetings, the RBI opted to maintain the key policy repo rate at 6.5%, while also retaining the stance of ‘withdrawal of accommodation’. Projections indicate India’s real GDP growth for FY25 at 7%, with CPI inflation estimated to be 4.5% for the same period.

  • India exported the first batch of BrahMos missile systems to the Philippines:

India has exported BrahMos missiles to the Philippines as part of a $375 million agreement, strengthening defense cooperation amidst regional tensions, This marks the first time India has exported the BrahMos missile.

Source: Multiple News Portals

Financial Market Performance Snapshot:

ParticularsOpenHighLowCloseChange %

Financial Performance Trends Over Various Time Horizons:

Particulars6 months1 year3 years5 years10 years

*Source: Market Data Period – 01/04/2024 to 20/04/2024

Mutual Fund Category-Wise Performance At a Glance:

Category1 Year3 Years5 Years10 Years
Equity – Contra48.0824.2420.7218.04
Equity – Dividend Yield Fund46.0824.8019.7616.02
Equity – ELSS40.8719.0116.8116.14
Equity – Flexi Cap Fund42.0718.7016.7016.18
Equity-Focused Fund40.4018.2016.5316.01
Equity – Large & Mid Cap Fund45.1020.8618.2917.08
Equity – Large Cap Fund38.2016.7915.2014.30
Equity – Mid Cap Fund52.4423.7121.3119.98
Equity – Multi Cap Fund48.4523.6220.5918.07
Equity – Small Cap Fund50.5027.8124.5321.64
Equity-Value Fund49.5222.7118.1817.71

*All Sectoral, Thematic, Index & ETF Funds excluded in the above list. Returns are not guaranteed.

These tips are brought to you by HappyWise Financial Services.

If you need any assistance with organizing your finances or want to discuss your investment options, feel free to connect through Email or Whatsapp.

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