Pinnacle Fintech

In May 2024 alone, UPI transactions surpassed an astounding 20,00,000 crore! 🤯 That's a staggering 20,000-fold increase compared to November 2016. Could this signal the end of cash in the future? Share your thoughts in the comments and follow Pinnacle Fintech ! #PinnacleFintech #UPI

popular small-cap funds so far this year 👇 Here are two noteworthy points: 1) Quant’s small-cap fund has attracted nearly triple the investment compared to the next leading fund. 2) The small-cap funds of SBI and HDFC have had the same fund managers for more than a decade, indicating that stability is valued in this sector. #PinnacleFintech #Mutualfunds #Smallcap #Quant #SBI #HDFC #Bandhan #Nippon

SIP Trends: What’s Happening? In May, we observed notable changes in the SIP (Systematic Investment Plan) environment. An astonishing one lakh SIP accounts were discontinued, marking a 7.4% increase from the previous month! However, there's an interesting twist: SIP inflows reached a record high of ₹14,749 crore. 🤔 How can these seemingly opposing trends coexist? Breaking It Down: New SIP Registrations: May saw a surge with 24.7 lakh new SIP registrations, indicating that investor confidence remains strong and that mutual funds are gaining popularity. SEBI’s New Norms: A key factor contributing to the rise in closures is SEBI's new regulation, which terminates SIPs if an investor misses three consecutive installments. Market Sentiments: With the general elections approaching, many new investors might be adopting a wait-and-see approach, adding to the fluctuations. Our Take: SIPs are an excellent method for building wealth. By investing regularly, you avoid the stress of market timing and benefit from rupee cost averaging. Despite the recent account closures, the high number of new registrations and record inflows suggest that investors continue to recognize the value of SIPs. Stay informed and keep investing wisely! #PinnacleFintech #Investment #Financialplaning #Wealthplaning #Smartinvesting

Is your bank secure against the risk of a bank run?🤔 Discover our latest series on bank ratios to assess your bank's safety, and don't forget to follow Pinnacle Fintech for more updates👇 #PinnacleFintech #Banking

Now is the perfect time to invest in your future⌛. Whether you're saving for a major purchase🚗🏠, planning for further education🎓, or looking to grow your wealth💸, ELSS funds offer an excellent opportunity to achieve your financial goals. Take action today and enjoy the rewards! #PinnacleFintech #mutualfunds #elss #wealthcreation #taxsaving

On June 4, 2024, India's mutual fund investors were let down by the financial system. How did this happen? 1. Typically, if you place a mutual fund order and transfer funds before the cut-off time (2:30 pm via a broker), you will receive the same day's NAV. 2. On the day it mattered most (with the Nifty down 6%), the system failed! Thousands of investors received the next day's NAV, missing out after the market rallied 3%! 3. Brokers, BSE, and Razorpay are all avoiding responsibility, with many blaming each other. 4. Even ETF prices deviated significantly from their NAVs. Who can investors turn to for complaints? Who will provide compensation to mutual fund investors? Association of Mutual Funds in India (AMFI) #PinnacleFintech #SEBI #AMFI #stockmarket #GE2024

Is your bank financially prepared to reimburse you in the event of a major scam? Explore our latest series on Bank Ratios to learn about the safety of your bank, and be sure to follow Pinnacle Fintech for more updates! #PinnacleFintech #Banks #banking #PCR

Indian banks have lost over Rs 4.5 lakh crore to scams in the past decade, including major ones like the Nirav Modi-PNB scam, ABG Shipyard scam, and Vijay Mallya-IDBI scam. How safe is your money in the bank? Check out: #PinnacleFintech #Banking #Banks #NPA

Microsoft, Apple, and Nvidia's market cap is bigger than all Nifty 50 companies combined ? #PinnacleFintech #Microsoft #Apple #Nvidia #Nifty50 #Amazon #Alphabet #Meta #Tesla #Marketcap

India's trade imbalance is staggering, with its Trade Deficit exceeding its Trade Surplus by a factor of five. Explore this infographic illustrating India's trade dynamics with its top 25 trading partners. Considering our significant dependence on imports, do you believe this could pose a threat to the economy's sustainability over time? Share your thoughts in the comments section! And don’t forget to follow Pinnacle Fintech for more insightful content! #PinnacleFintech #economy