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Magic of compounding: ₹1 lakh in this mutual fund would have grown to ₹7 lakh in 10 years

Nippon India Growth Fund gave a CAGR return of 25.72 per cent in 5 years, thus letting an investment of โ‚นone lakh to grow to โ‚น3.14 lakh. Likewise, it would have grown to โ‚น7.08 lakh if the same investment were invested for one decade.
Krupesh Patel Sanjay Doshi Nippon India Growth Fund Supreme Industries Au Small Finance Bank Nippon India Growth

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IT midcaps to buy: Can buy into IT midcaps on 15-20% correction: Dipan Mehta

Dipan Mehta of Elixir Equities is positive on software companies, particularly HCL Tech., but he would prefer to go for midcap IT stocks. But there I should expect some more correction before I look at buying into those companiesHe questions the credibility of Zees management and doubts their ability to create value. Mehta prefers to wait and watch the performance of recently listed banking and power financier companies before making investment decisions.
Uttar Pradesh Tata Elxsi Dipan Mehta Indian School Of Business Capital Small Finance Bank Jana Small Finance Bank

Nifty IT index dips over 2% as hot US inflation data raises concerns over rate cuts

Indian IT stocks faced a downturn in todays trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserves ability to implement multiple rate cuts this year.
Hong Kong Us Bureau Of Labor Statistics Lt Technology Services Geojit Financial Services Federal Reserve Tata Consultancy Services

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