India


Mutual Funds Net Inflows Surges More Than 300 Percent MoM In November

The mutual fund industry witnessed net inflows of Rs. 142,359 crore in November 2018, 300% higher on a sequential basis. The growth was mainly due to a significant surge in inflows in the liquid/money market category, which witnessed net inflows of Rs. 136,135 crore in November 2018, up more than 140% MoM. Folios increase both MoM and YoY to 7.97 crore



Govt Needs Rs 1 Lakh Crore In 3 Years To Build 1 Crore Houses

As of November 26, 2018, although 63 lakh houses had been sanctioned, only 12 lakh have been constructed, while 23 lakh are under construction. Andhra Pradesh, Uttar Pradesh, Maharashtra, Madhya Pradesh and Tamil Nadu together accounted for 55% share of the sanctions. The ministry aims to sanction 75 lakh houses and construct 30 lakh of them by the close of this fiscal.