SIPs run into market turbulence https://ift.tt/l2TZy0W market volatility and falling portfolio returns seem to have dented the enthusiasm for systematic investment plans (SIPs) in MF schemes with new account additions slowing down in June.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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