Author name: Archana Chettiar

I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

City Gas Stocks Hit Hard: MGL, IGL Fall 20% on Fresh APM Gas Allocation Cuts
News, Business

City Gas Stocks Hit Hard: MGL, IGL Fall 20% on Fresh APM Gas Allocation Cuts

Have you been tracking city gas distribution (CGD) stocks? If so, you might have noticed something alarming on November 18, 2024. Shares of key players like Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL) plummeted by up to 20%, marking one of their sharpest declines in recent times. This sharp drop follows a decision by the Indian government to cut the allocation of Administered Price Mechanism (APM) gas to CGDs for the second consecutive month.  

what is swp
Investing

What is SWP? Everything You Need to Know

Say you started a Rs.15,000 monthly SIP in February 2007, intending to buy a house in 2020. By February 2020, as per an SIP calculator, you would have collected a corpus of around Rs.48,08,995 with 10% interest, right? Since mutual funds work closely with the market, given the pandemic in 2020, the SIP would have shrunk to at least half due to declining markets.