Skip to main content

Karur Vysya Bank - Empowering Women

The Karur Vysya Bank (KVB) which is in its 92nd year of existence has been given a milestone to achieve before it touches 100 years. And this has been given by none other than the Chief Minister of Delhi, Ms.Sheila Dixit.

She has urged the bank to develop more special products for bringing more women into the fold in the banking system. Spoken like a true women, for the women of India, urging something which will be 'of the women' of India. There is no doubt that women in India, apart from the mass of them working in urban India, there are scores of them working in rural India. Women have today become a formidable workforce to reckon with. Though the disparity in payments continues to exist, they are today much better off than what they were 92 years ago, when KVB was born.

It is also equally true that money saved by a woman would be used for the entire upliftment of the household and in turn of the society. Bringing more and more women into the banking system, urging them to save, designing products to suit their needs should be a priority. And this is one fact which only a woman would realise! It's indeed good that Sheila Dixit brought this matter to the helm and hopefully, KVB would work on making special products for the women folk of India. Now that would be a landmark decision for this age old bank; indicating that it does keep up with the changing times.

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Fund AUM Surge 35%

 Mutual fund assets surge 35% in fiscal 2024 to a new high. According to recent report from AMFI, fiscal 2024 turned out to be one of the best years for the domestic mutual funds industry as assets under management (AUM) spurted by nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023. Women comprised ~23% of the investors based on their share of the AUM and men ~77%, while individual investors comprised ~60% as against institutional investors ~40%. Equity-oriented fund categories gain on inflows and mark-to-market (MTM) gains. As Nifty 50 gained 33%, most of the AUM increase are from MTM gains. Passive funds growth was muted around 27% as compared to Active funds. Another key take away is investors' adoption of systematic investment plans (SIPs).   SIP continues to rise with monthly net inflows at Rs 19,300 crore in March 2024. For fiscal year 2024, the net inflows through SIPs stood at nearly Rs 2 lakh cro...