Wealth Growth Path

 Ice Make Refrigeration Limited, a leading name in India’s refrigeration industry, is proud to announce the launch of its latest product segments: Commercial Freezers, including Chest Freezers and Coolers, and Visi Coolers. This development represents a significant milestone in the company’s strategy to drive innovation, enhance market reach, and deliver energy-efficient solutions to diverse industries. The production of Chest Freezers and Coolers is set to begin on January 1, 2025, at the company’s fully automated manufacturing facility in Gujarat with a daily capacity of 200 units, amounting to 72,000 units annually. These products, ranging from 100 liters to 900 liters, include advanced features such as Hardtop Freezers (Convertible), Glass Top Freezers, and Combi Cooler & Freezers, designed to cater to varied customer needs. The newly introduced Visi Coolers will have an initial production capacity of 25 units per day, translating to approximately 8,000 units annually. Whil...

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...

 The Indian mutual fund industry is on a remarkable growth trajectory, with assets under management (AUM) doubling over the past five years, growing from Rs. 22.26 lakh crore in 2019-20 to Rs. 67.09 lakh crore in October 2024. Predictions for the year point to sustained momentum, driven by rising retail participation, favorable market conditions, and robust inflows into equity mutual funds. Large-cap funds are expected to attract more interest as investors seek safer options amid market valuation concerns. Sectoral and thematic funds, focusing on high-growth industries like technology, healthcare, and renewable energy, are also anticipated to perform well, making mutual funds a key wealth creation tool for long-term investors. emphasizes the potential of these funds in achieving financial goals through disciplined investing.   The impressive growth of mutual funds over the last decade reflects the strength of the Indian market and wealth creation opportunities available f...