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Tag: $7500

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

Finance
NPAs, provident fund and SIP flows together will put between Rs 1,10,000 crore and Rs 1,25,000 crore in mutual funds this year, says Nilesh Shah, MD, Kotak AMC, talking to ET Now.Edited excerpts: When the mutual fund data for March came out, it appeared that the SIP flows and the mutual fund collections were coming down. What is the update after that? Was March an aberration?March was a normal month but people who interpreted data were in aberration. They failed to understand that in equity mutual fund, there is pure equity mutual fund where we go and invest into direct equity and there are also arbitrage funds where we invest in equity and short the futures. Impact of flows in a pure equity fund and arbitrage fund is completely different. When there are flows in pure equity fund and we bu...
This credit card offers great rewards … if you spend $7,500

This credit card offers great rewards … if you spend $7,500

Finance
5 stunning stats about credit cardsWhat would you buy with $ 7,500? A first class ticket and a week long stay in Fiji? A new pair of shoes ... or several? A bunch of high-end massages? That's how much you'll need to spend in the first three months to earn the sign-up rewards on the revamped Citi Prestige card announced this week. Charging $ 7,500 in three months will get you 75,000 sign-up points. Card members also get a doubling in redemption value of points to cash. And according to the offering, the big "score" is a fourth night free at hotels through a streamlined online process. "Depending on how often you travel and how nice the hotels are where you stay, that could be a fortune over the course of a year," says Matt Schulz, senior industry analyst at CreditCards.com. The upgrade...