The mutual fund SIP stoppage ratio eased in June, falling below 100% for the first time in months. More new SIPs were registered than those discontinued or completed their tenures. SIP contributions reached a record Rs 31,781 crore, showing investor confidence in long-term investing. Retail mutual fund assets and folios also saw an increase during the month. This trend reinforces disciplined investor participation in India’s growth story.
Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billion
Anthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI company also