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Recent performance of Value Discovery Fund due to expensive markets, says Mrinal Singh of ICICI Prudential Mutual Fund

Finance
“In value investing, patience is a prerequisite to reap gains. That is why it is important for investors to stay put with their investments whether through SIP or otherwise. As value gets unlocked investors will be beneficiaries of exponential gains from these investments,” said Mrinal Singh, Deputy CIO- Equity, ICICI Prudential Mutual Fund, in an interview to Avneet Kaur of ETMutualFunds.com.ICICI Prudential Value Discovery Fund is underperforming its benchmark in one-, three- and five-year horizons. The scheme has given -8.60 per cent in the last one year, 3.31 per cent in the three-year period and 6.27 per cent in five years. What is the reason behind the underperformance?The recent performance of ICICI Prudential Value Discovery Fund has been a function of the markets being expensive w
No separate law yet to ban cryptocurrency in India: Anurag Singh Thakur

No separate law yet to ban cryptocurrency in India: Anurag Singh Thakur

Finance
Bengaluru: The government has not prohibited the use of cryptocurrencies in India, union minister of state for finance, Anurag Singh Thakur, has said. Thakur was responding to a query by Telangana Rashtra Samithi Rajya Sabha MP, Dharmapuri Srinivas, in Parliament on Thursday. He said there was no separate law to deal with issues relating to cryptocurrencies, but “concerned departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.” “Similarly, police/courts take action on IPC offences. Further, in view of the risks and dangers associated with cryp-tocurrencies, government and RBI have been issuing advisories, press releases and circulars to the public,” he added. The minister’s response come