Buying home, investing in equal-weight index: Top personal finance stories
Source: Business Standard
Today, the younger generation is opting to buy after renting only four-five times. (Photo: Shutterstock)
Data from online property listing platform Nobroker shows that a decade earlier tenants in key cities such as Bengaluru, Mumbai, Chennai and Delhi-NCR would typically rent nine times before purchasing a house. Today, the younger generation is opting to buy after renting only four-five times. In this week’s lead story, Sanjay Kumar Singh & Bindisha Sarang explore the reasons for this trend. They explain the kind of financial preparedness one should have before deciding to purchase a house.
NUMBER OF THE WEEK
Rs 38,239 crore: Net inflows into equity mutual funds in August
Equity mutual funds recorded net inflows of Rs 38,239 crore in August, a 3 per cent increase over the previous month. This happened despite heightened stock market volatility and concerns over the United States of America’s economy. This increase was driven by strong contributions from new fund offers and systematic investment plans.
August’s inflows marked the second-highest in a calendar month, following the Rs 40,608 crore received in June 2024.
Despite a sharp 4 per cent drop in the Nifty 50 during the first week, the stock market recovered in the latter part of August, ending the month with a 1.1 per cent gain.
Overall, net inflows into mutual funds dropped by 43 per cent to Rs 1.08 trillion, mainly due to a 62 per cent fall in debt mutual fund inflows. Sectoral and thematic funds saw a slight decline, while diversified equity funds posted a modest increase. The largest growth was seen in large-cap funds, as investors sought stability amid stretched valuations in mid- and small-cap stocks.
First Published: Sep 13 2024 | 8:05 AM IST
