Financial experts advise first-time SIP investors to focus on diversified equity mutual funds for long-term goals, avoid panic during volatility, limit exposure to sectoral funds, and rely on professional fund managers for balanced asset allocation and disciplined wealth creation over time.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.